E163: Market rips, Media RIFs, Texas defies Biden, Fintech reckoning, ARkStorm 2.0 & more

<p>(0:00) Bestie intros!</p> <p>(1:37) Markets rip on strong economic data</p> <p>(17:05) Media's broken business model, death spiral</p> <p>(35:47) Texas defies the Biden Admin on the Southern Border after SCOTUS votes in favor of the federal government</p> <p>(1:04:18) Ethics of publishing non-public financial data</p> <p>(1:13:07) Fintech's reckoning</p> <p>(1:26:27) ARkStorm 2.0</p> <p>Follow the besties:</p> <p><a href= "https://twitter.com/chamath">https://twitter.com/chamath</a></p> <p><a href= "https://twitter.com/Jason">https://twitter.com/Jason</a></p> <p><a href= "https://twitter.com/DavidSacks">https://twitter.com/DavidSacks</a></p> <p><a href= "https://twitter.com/friedberg">https://twitter.com/friedberg</a></p> <p>Follow the pod:</p> <p><a href= "https://twitter.com/theallinpod">https://twitter.com/theallinpod</a></p> <p><a href= "https://linktr.ee/allinpodcast">https://linktr.ee/allinpodcast</a></p> <p>Intro Music Credit:</p> <p><a href="https://rb.gy/tppkzl">https://rb.gy/tppkzl</a></p> <p><a href= "https://twitter.com/yung_spielburg">https://twitter.com/yung_spielburg</a></p> <p>Intro Video Credit:</p> <p><a href= "https://twitter.com/TheZachEffect">https://twitter.com/TheZachEffect</a></p> <p>Referenced in the show:</p> <p><a href= "https://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html"> https://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html</a></p> <p><a href= "https://www.barrons.com/livecoverage/stock-market-today-012524">https://www.barrons.com/livecoverage/stock-market-today-012524</a></p> <p><a href= "https://abcnews.go.com/Business/dow-closes-above-38000-record-high/story?id=106576234"> https://abcnews.go.com/Business/dow-closes-above-38000-record-high/story?id=106576234</a></p> <p><a href= "https://www.cnbc.com/2024/01/11/cpi-inflation-report-december-2023-consumer-prices-rose-0point3percent-in-december-higher-than-expected-pushing-the-annual-rate-to-3point4percent.html"> https://www.cnbc.com/2024/01/11/cpi-inflation-report-december-2023-consumer-prices-rose-0point3percent-in-december-higher-than-expected-pushing-the-annual-rate-to-3point4percent.html</a></p> <p><a href= "https://www.nytimes.com/2024/01/05/business/economy/jobs-report-december-2023.html"> https://www.nytimes.com/2024/01/05/business/economy/jobs-report-december-2023.html</a></p> <p><a href= "https://finance.yahoo.com/news/gas-prices-national-average-hit-by-mid-winter-blahs-on-way-to-3gallon-165833984.html"> https://finance.yahoo.com/news/gas-prices-national-average-hit-by-mid-winter-blahs-on-way-to-3gallon-165833984.html</a></p> <p><a href= "https://www.cnbc.com/2024/01/24/tesla-tsla-earnings-q4-2023.html">https://www.cnbc.com/2024/01/24/tesla-tsla-earnings-q4-2023.html</a></p> <p><a href= "https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm"> https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm</a></p> <p><a href= "https://www.bloomberg.com/news/articles/2024-01-23/china-mulls-stock-market-rescue-package-backed-by-278-billion"> https://www.bloomberg.com/news/articles/2024-01-23/china-mulls-stock-market-rescue-package-backed-by-278-billion</a></p> <p><a href= "https://twitter.com/paulkrugman/status/1750529905627128154">https://twitter.com/paulkrugman/status/1750529905627128154</a></p> <p><a href= "https://fiscaldata.treasury.gov/americas-finance-guide/national-debt"> https://fiscaldata.treasury.gov/americas-finance-guide/national-debt</a></p> <p><a href= "https://twitter.com/RealEJAntoni/status/1750537238578930101">https://twitter.com/RealEJAntoni/status/1750537238578930101</a></p> <p><a href= "https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx"> https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx</a></p> <p><a href= "https://fred.stlouisfed.org/series/FEDFUNDS">https://fred.stlouisfed.org/series/FEDFUNDS</a></p> <p><a href= "https://www.forbes.com/sites/bradadgate/2023/12/19/media-companies-have-slashed-over-20000-jobs-in-2023"> https://www.forbes.com/sites/bradadgate/2023/12/19/media-companies-have-slashed-over-20000-jobs-in-2023</a></p> <p><a href= "https://twitter.com/maxwelltani/status/1750507633247678531">https://twitter.com/maxwelltani/status/1750507633247678531</a></p> <p><a href= "https://www.nytimes.com/2024/01/23/business/media/los-angeles-times-layoffs-newsroom.html"> https://www.nytimes.com/2024/01/23/business/media/los-angeles-times-layoffs-newsroom.html</a></p> <p><a href= "https://www.nytimes.com/2023/11/01/business/media/conde-nast-business.html"> https://www.nytimes.com/2023/11/01/business/media/conde-nast-business.html</a></p> <p><a href= "https://www.cnn.com/2024/01/23/business/conde-nast-staffers-walkout-layoffs/index.html"> https://www.cnn.com/2024/01/23/business/conde-nast-staffers-walkout-layoffs/index.html</a></p> <p><a href= "https://www.latimes.com/entertainment-arts/business/story/2024-01-18/la-times-guild-calls-for-one-day-walkout-to-protest-looming-staff-cuts"> https://www.latimes.com/entertainment-arts/business/story/2024-01-18/la-times-guild-calls-for-one-day-walkout-to-protest-looming-staff-cuts</a></p> <p><a href= "https://www.nytimes.com/2024/01/19/business/media/sports-illustrated-mass-layoffs.html"> https://www.nytimes.com/2024/01/19/business/media/sports-illustrated-mass-layoffs.html</a></p> <p><a href= "https://www.npr.org/2024/01/18/1225446347/pitchfork-faces-layoffs-and-restructuring-under-conde-nast"> https://www.npr.org/2024/01/18/1225446347/pitchfork-faces-layoffs-and-restructuring-under-conde-nast</a></p> <p><a href= "https://fortune.com/2023/11/30/yet-another-media-company-is-laying-off-workers-as-the-industrys-retrenchment-hits-vox-media-for-the-second-time-this-year"> https://fortune.com/2023/11/30/yet-another-media-company-is-laying-off-workers-as-the-industrys-retrenchment-hits-vox-media-for-the-second-time-this-year</a></p> <p><a href= "https://variety.com/2023/digital/news/jezebel-shutting-down-go-media-layoffs-1235785877"> https://variety.com/2023/digital/news/jezebel-shutting-down-go-media-layoffs-1235785877</a></p> <p><a href= "https://www.npr.org/2023/05/15/1173260377/vice-media-bankruptcy">https://www.npr.org/2023/05/15/1173260377/vice-media-bankruptcy</a></p> <p><a href= "https://twitter.com/BillAckman/status/1750537848447533207">https://twitter.com/BillAckman/status/1750537848447533207</a></p> <p><a href= "https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=wsj.com,Businessinsider.com,twitter.com,nyt.com&hl=en"> https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=wsj.com,Businessinsider.com,twitter.com,nyt.com&hl=en</a></p> <p><a href= "https://www.latimes.com/california/story/2021-08-20/recall-candidate-larry-elder-is-a-threat-to-black-californians"> https://www.latimes.com/california/story/2021-08-20/recall-candidate-larry-elder-is-a-threat-to-black-californians</a></p> <p><a href= "https://www.cbp.gov/newsroom/stats/nationwide-encounters">https://www.cbp.gov/newsroom/stats/nationwide-encounters</a></p> <p><a href= "https://www.wsj.com/us-news/illegal-immigration-record-border-6db29cad"> https://www.wsj.com/us-news/illegal-immigration-record-border-6db29cad</a></p> <p><a href= "https://www.cbsnews.com/news/migrant-crossings-u-s-southern-border-record-monthly-high-december"> https://www.cbsnews.com/news/migrant-crossings-u-s-southern-border-record-monthly-high-december</a></p> <p><a href= "https://www.scotusblog.com/2024/01/court-allows-border-patrol-to-cut-texas-razor-wire-along-rio-grande"> https://www.scotusblog.com/2024/01/court-allows-border-patrol-to-cut-texas-razor-wire-along-rio-grande</a></p> <p><a href= "https://www.texastribune.org/2024/01/22/texas-border-supreme-court-immigration"> https://www.texastribune.org/2024/01/22/texas-border-supreme-court-immigration</a></p> <p><a href= "https://gov.texas.gov/uploads/files/press/Border_Statement_1.24.2024.pdf"> https://gov.texas.gov/uploads/files/press/Border_Statement_1.24.2024.pdf</a></p> <p><a href= "https://nypost.com/2023/08/19/biden-sells-border-wall-parts-to-thwart-gop-push-to-use-them"> https://nypost.com/2023/08/19/biden-sells-border-wall-parts-to-thwart-gop-push-to-use-them</a></p> <p><a href= "https://www.nytimes.com/2023/09/07/nyregion/adams-migrants-destroy-nyc.html"> https://www.nytimes.com/2023/09/07/nyregion/adams-migrants-destroy-nyc.html</a></p> <p><a href= "https://www.cbsnews.com/news/cbs-news-opinion-poll-americans-border-crisis"> https://www.cbsnews.com/news/cbs-news-opinion-poll-americans-border-crisis</a></p> <p><a href= "https://www.foxbusiness.com/politics/california-offer-illegal-immigrants-free-healthcare-deficit-soars-population-shrinks"> https://www.foxbusiness.com/politics/california-offer-illegal-immigrants-free-healthcare-deficit-soars-population-shrinks</a></p> <p><a href= "https://einvestingforbeginners.com/average-gross-profit-margin-by-industry"> https://einvestingforbeginners.com/average-gross-profit-margin-by-industry</a></p> <p><a href= "https://twitter.com/TexasLindsay_/status/1750427983448256552">https://twitter.com/TexasLindsay_/status/1750427983448256552</a></p> <p><a href= "https://twitter.com/WhidbeyWXGuy/status/1750006365790282175">https://twitter.com/WhidbeyWXGuy/status/1750006365790282175</a></p> <p><a href= "https://twitter.com/US_Stormwatch/status/1749669643634233384">https://twitter.com/US_Stormwatch/status/1749669643634233384</a></p> <p><a href= "https://twitter.com/Weather_West/status/1750619800840110131">https://twitter.com/Weather_West/status/1750619800840110131</a></p>