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Indeed, the Youtube channel Only The SAVVY has decided today to post a new video which is called "Google and Facebook Just CONFIRMED What's Coming In This Market | Chamath Palihapitiya". Of course, you can now find it in full playback on our site for your greatest pleasure!
Big buzz for the moment for this last video of Only The SAVVY, indeed the number of views that the video counts is currently much higher than normal. That's why we imagine that if it continues in this direction, the video could very quickly find itself in Youtube trend.
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Google and Facebook Just Confirmed What's Coming In This Market | Chamath Palihapitiya
Most of the crypto market at large, saw its all-time highs back in late 2021 when Bitcoin hit $69,044.77 and Ethereum hit $4,878.26 on November 10, 2021. Both have since slid over 70%. While crypto is said to be following the stock market, it seems as if the crypto market was just the first shoe to drop on what many pundits, analysts, and economists have been calling for… a big collapse. The big tech giants, which seem like the most untouchable of companies and assets in the economy, are being affected (at least in theory) by the collapse coming. Facebook announced a hiring freeze, and warned staff of possible layoffs and restructuring. Google is also participating in layoffs, calling for a ‘quiet firing’, which is essentially telling staff to pick new roles after reorganizing or disbanding teams, and running out the clock on the reapplication process until some are left with no job. According to Investor Chamath Palihapitiya, this is just the tip of the iceberg of what’s coming for the market. Chamath believes that Facebook and Google are not tightening the belt because of a cash shortage, as both are known to have very healthy cash reserves, but instead, its an end of an era.. And the markets are stabilizing to its true form.
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Watch the full unedited interview here ⬇ [Credits] 🙏
https://www.youtube.com/watch?v=fU6QlvruLTw&t=57s
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by the copyright statute that might otherwise be infringing.