Chapter
The Winners of Finance Consolidation
1:19:30 - 1:25:37 (06:06)
Huge online players like Square, Stripe, and PayPal will be the big winners at the end of the Finance consolidation while legacy banks will lose out, similar to what happened in the media industry, as the digital and analog worlds converge. However, the moralistic behavior of big tech when it comes to deplatforming people may become an issue in the future.
Clips
The consolidation trend seen in the media industry is now moving to the finance industry, with big tech players acquiring studios in Hollywood and controlling major consumer payments platforms.
1:19:30 - 1:21:03 (01:33)
Summary
The consolidation trend seen in the media industry is now moving to the finance industry, with big tech players acquiring studios in Hollywood and controlling major consumer payments platforms. The actions taken by Square after January 6th have sent a signal that consolidation will be rewarded, and more players in the fintech stack are expected to follow suit.
ChapterThe Winners of Finance Consolidation
EpisodeE43: Innovative venture strategies, Zymergen's implosion, Square acquires Afterpay, future of fintech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
After the stock market reacted positively to Square's acquisition of Afterpay, companies will inevitably follow suit and the big tech companies will outmatch the legacy banks.
1:21:03 - 1:25:37 (04:33)
Summary
After the stock market reacted positively to Square's acquisition of Afterpay, companies will inevitably follow suit and the big tech companies will outmatch the legacy banks. However, the deplatforming tendencies of big tech prove to be concerning for some.