Episode
E47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
1:35:30
Published: Sat Sep 18 2021
Description
Show Notes: 0:00 Besties intro, TPB Symposium recap, rapid generations in tech 7:00 UBI, incentives for success, social safety nets 19:45 Newsom's recall victory in California, where the GOP went wrong 33:59 Facebook's week from hell, Instagram's harmful impact on teen girls 42:42 How to properly regulate social media's impact on certain groups 1:04:46 Pentagon admits to killing 10 Afghan civilians (including seven children) in drone strike 1:07:17 Ellen Pao on sexism around the Elizabeth Holmes trial; Juicero, JUUL, and other male-led failures/frauds 1:25:54 Mailchimp sells for $12B, employees got no equity 1:29:43 AOC at the Met Gala Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Links: https://www.usnews.com/news/health-news/articles/2021-02-16/as-social-media-time-rises-so-does-teen-girls-suicide-risk https://www.politico.com/news/magazine/2021/09/15/stolen-election-myth-gop-511988 https://www.wsj.com/articles/facebook-knows-instagram-is-toxic-for-teen-girls-company-documents-show-11631620739 https://www.publichealthlawcenter.org/topics/commercial-tobacco-control/commercial-tobacco-control-litigation/master-settlement-agreement https://twitter.com/DavidSacks/status/1438597853320908811 https://www.kff.org/wp-content/uploads/2020/08/Slide1.png https://www.bloomberg.com/news/features/2017-04-19/silicon-valley-s-400-juicer-may-be-feeling-the-squeeze https://scorpioncapital.s3.us-east-2.amazonaws.com/reports/BLI.pdf https://www.sec.gov/news/press-release/2021-176 https://www.sec.gov/news/press-release/2021-164 https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal https://coingeek.com/tether-banned-on-canada-first-2-licensed-digital-currency-exchanges/ https://investors.intuit.com/news/news-details/2021/Intuit-to-Acquire-Mailchimp/default.aspx https://twitter.com/stoolpresidente/status/1437585404010582016 https://shop.ocasiocortez.com/collections/all/collections_-tax-the-rich?sort_by=manual https://www.bestiesapparel.com/
Chapters
The hosts discuss their recent live event and the feedback they received from attendees, including some scientists who were unfamiliar with the podcast.
00:00 - 01:23 (01:23)
Summary
The hosts discuss their recent live event and the feedback they received from attendees, including some scientists who were unfamiliar with the podcast.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses various aspects of a podcast recording, including the lack of action by crew members, the benefits of in-person recording compared to virtual recording, and the mixed audience of fans and newcomers.
01:23 - 05:21 (03:58)
Summary
The speaker discusses various aspects of a podcast recording, including the lack of action by crew members, the benefits of in-person recording compared to virtual recording, and the mixed audience of fans and newcomers.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Opting out of entry level jobs can lead to missed opportunities and difficulty in activating oneself to start over in their 40s or 50s.
05:22 - 09:42 (04:20)
Summary
Opting out of entry level jobs can lead to missed opportunities and difficulty in activating oneself to start over in their 40s or 50s. Asymmetric success can also lead to big bursts of success followed by a different kind of life.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker believes that telling young people they don't need to work hard or promoting UBI as paying people not to work does them a disservice in the long run.
09:42 - 13:21 (03:39)
Summary
The speaker believes that telling young people they don't need to work hard or promoting UBI as paying people not to work does them a disservice in the long run. He emphasizes the importance of hard work and perseverance, even when it feels like a grind.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker believes that welfare reform in the 90s led to people finding meaningful work and happier lives.
13:21 - 19:46 (06:24)
Summary
The speaker believes that welfare reform in the 90s led to people finding meaningful work and happier lives. However, he claims that the current political consensus on Universal Basic Income (UBI) pays people not to work, which is un-American and akin to welfare.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Despite costing over $300 million, the Newsom recall was defeated by a significant margin.
19:46 - 26:03 (06:16)
Summary
Despite costing over $300 million, the Newsom recall was defeated by a significant margin. However, the recall process serves as an important check on elected leadership in a one-party state, even if the recall itself is not successful.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Gavin Newsom's strategy of ignoring issues such as crime, homelessness, and quality of schools and focusing on vaccine mandates has laid out a template for progressives across the country.
26:03 - 34:04 (08:01)
Summary
Gavin Newsom's strategy of ignoring issues such as crime, homelessness, and quality of schools and focusing on vaccine mandates has laid out a template for progressives across the country. The education unions are viewed as any other special interest, and people may choose vaccine mandates over an anti-vax stance.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The debate is ongoing on whether Facebook and social media exacerbate body image issues, but it's not the origin of the problem.
34:04 - 43:00 (08:56)
Summary
The debate is ongoing on whether Facebook and social media exacerbate body image issues, but it's not the origin of the problem.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The discussion centers around whether free markets should act however they are going to act, or if regulation is needed when individuals suffer due to the use of social media platforms with addictive or negative consequences.
43:00 - 47:51 (04:51)
Summary
The discussion centers around whether free markets should act however they are going to act, or if regulation is needed when individuals suffer due to the use of social media platforms with addictive or negative consequences.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The use of digital media, particularly social media, has led to an accelerated trend in human consumption behavior.
47:51 - 54:48 (06:56)
Summary
The use of digital media, particularly social media, has led to an accelerated trend in human consumption behavior. With younger audiences being particularly susceptible to being fed content that they like, the conversation around regulating social media usage for those under 13 is becoming increasingly important.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The mental health impact of certain features on social media platforms is a cause for concern, but the positive aspects of social networking cannot be overlooked either.
54:48 - 59:12 (04:24)
Summary
The mental health impact of certain features on social media platforms is a cause for concern, but the positive aspects of social networking cannot be overlooked either. People should be able to make an informed decision about their usage based on this information.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The hosts discuss the dangers of leaving children unmonitored while using apps like TikTok, where one keyword search can lead to inappropriate content.
59:12 - 1:04:25 (05:12)
Summary
The hosts discuss the dangers of leaving children unmonitored while using apps like TikTok, where one keyword search can lead to inappropriate content. They stress the importance of parents curating their children's online experiences.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The New York Times conducted an intense investigation on juicing packets claiming to contain freshly squeezed vegetables.
1:04:25 - 1:12:26 (08:00)
Summary
The New York Times conducted an intense investigation on juicing packets claiming to contain freshly squeezed vegetables. The reporters analyzed video footage, compared colors of cars, and examined buildings; the article discusses the results of their investigation.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The downfall of Theranos can be attributed to a combination of powerful and well-connected investors, operating in a highly regulated market that has strict laws, and the possibility of attempting to commit fraud.
1:12:26 - 1:16:00 (03:33)
Summary
The downfall of Theranos can be attributed to a combination of powerful and well-connected investors, operating in a highly regulated market that has strict laws, and the possibility of attempting to commit fraud. While there were issues of gender harassment, this was not the main problem with the company.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast hosts discuss insider trading and fraudulent activities in the business world and what consequences offenders face.
1:16:00 - 1:20:27 (04:27)
Summary
The podcast hosts discuss insider trading and fraudulent activities in the business world and what consequences offenders face. The conversation includes specific examples and raises ethical questions regarding the use of insider knowledge in trading and misleading others for personal gain.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses the accusations of fraud against Elizabeth Holmes and her company Theranos, the legal implications of falsifying documents, and the consequences of committing fraud in the business world.
1:20:27 - 1:25:46 (05:19)
Summary
The podcast discusses the accusations of fraud against Elizabeth Holmes and her company Theranos, the legal implications of falsifying documents, and the consequences of committing fraud in the business world.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The amount of funding going into startups is in the hundreds of billions every year and there is now a practice of giving broad-based options to everybody.
1:25:46 - 1:29:26 (03:39)
Summary
The amount of funding going into startups is in the hundreds of billions every year and there is now a practice of giving broad-based options to everybody. However, non-VC companies still do not offer equity to their employees, unlike those who work at successful startups.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The validity of fact-checking on social media platforms has been called into question after certain false claims were not retracted, despite being disproven.
1:29:26 - 1:32:37 (03:10)
Summary
The validity of fact-checking on social media platforms has been called into question after certain false claims were not retracted, despite being disproven.
EpisodeE47: Facebook's week from hell, Ellen Pao on sexism in Elizabeth Holmes coverage, Newsom's win, frauds & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A podcast listener acknowledges a Besties merch site made by someone and mentions buying a sweatshirt, t-shirt, and sticker pack to support the creator who is paying for college through merchandise sales.
1:32:37 - 1:35:01 (02:24)
Summary
A podcast listener acknowledges a Besties merch site made by someone and mentions buying a sweatshirt, t-shirt, and sticker pack to support the creator who is paying for college through merchandise sales.