Meta's scorched earth approach to AI, Tesla's future, TikTok bill, FTC bans noncompetes, wealth tax

450.88 - 478.268 Chamath Palihapitiya

They're taking a play that we talked about, which makes a ton of sense, which is it's not a core market. but it's very important. The core money-making market for them is monetizing their family of apps. And so they're scorching the earth for these new markets so that the economics are not viable, which will, I think, allow a more robust ecosystem where they'll have more of a say.