E102: Elon closes Twitter deal, $META uncertainty, Zuck's historic bet, big tech decline & more

And so, but there's no doubt that I think Elon can turn this around pretty quickly.

And I think there is tremendous potential at Twitter. I mean, the company's been sideways because it hasn't done that much in 10 years, but there's so much you can do with that product.

And in the grand scheme of things, that is, I think, going to turn out to be pretty reasonably cheap, especially if he can layer in a few of his bigger ideas.

The minute you have to tell companies how to change above the line, it's just a good reminder to me that no, it's not going to happen, because these folks will not want to make those changes.

because if this stuff could not bring the market down, it's hard to see something other than an exogenous event, probably some Russia-Ukraine event, really having a negative impact. So to me, I'm kind of like, I don't know, it seems like pretty bullish for me.

I think what people don't understand is where is this quarter of a trillion dollars going? And is it going to be a leap in humanity at the scale of the Apollo program? Because it now is becoming the single largest capital allocation program in capitalism history.

The question is really just about the magnitude of the investment level. But I think there is a future in VR and AR.

And unfortunately, there doesn't seem to be a great engaged user base in the software layer of what he's built here today, making it very difficult to track a path, to get consumer feedback and to identify where that goes over time.

It seems like there's no leadership on the Facebook side that actually wants to take swings over there. They just are obsessed with this one thing. It makes no sense to me.

No, my theory, my theory is simpler than this, which is they got great representation to do a very bulletproof deal. And it turns out that contract law still matters in the United States.

I will tell you, I think Starlink has such a huge opportunity.

That's not a reason not to engage in diplomacy. And it's not a reason to deny the potential of this war to spin out of control potentially into a nuclear war.

And so now we can be very targeted potentially about eradicating that bacteria from the gut or kind of changing our gut biome in a way that ultimately resolves to eliminating that disease risk.

And, you know, we always said the market bottom will be when the generals, quote unquote, get shot, you know, to borrow a phrase from Gavin Baker. And it looks like the generals have been shot.

But I still think the huge recession is to come next year because all the interest rate increases we've seen. So, the Fed is, you know, pedal to the metal on interest rate increases, just like they were pedal to the metal on printing money.

Then it'll go back down because I think what David said is right. But for the short term, this thing is going up.

And we're going to dilute the stock 2 or 3% a year. So that's another 20% dilution.

So I think there's a lot of things that could go wrong here when the US is now escalating geopolitical tensions and competition, not just on one front, but on two fronts.