Short Thread with Key Quotes from the NYT DealBook Summit.
1. $META CEO on time allocation on the metaverse:
"So still the vast majority of what we're doing is, and will continue to be, going towards social media for quite some time until the metaverse becomes a larger thing"
1. $META CEO on time allocation on the metaverse:
"So still the vast majority of what we're doing is, and will continue to be, going towards social media for quite some time until the metaverse becomes a larger thing"
2. $META CEO on $AAPL:
"Apple has sort of singled themselves out as the only company that is trying to control unilaterally what apps get on a device. I don’t think that’s a sustainable or good place to be"
"Apple has sort of singled themselves out as the only company that is trying to control unilaterally what apps get on a device. I don’t think that’s a sustainable or good place to be"
3. BlackRock CEO on the impact of FTX's collapse:
“I think more VC money will be going into decarbonization...I think it will be much more hard science and require a lot more technical understanding"
“I think more VC money will be going into decarbonization...I think it will be much more hard science and require a lot more technical understanding"
4. $NFLX CEO on advertising:
"I didn’t believe in the ad-supported tactic for us. And I was wrong about that...That’s the real thing that I missed. We didn’t have to steal away the advertising revenue, in fact, it was pouring into connected TV if the inventory is there"
"I didn’t believe in the ad-supported tactic for us. And I was wrong about that...That’s the real thing that I missed. We didn’t have to steal away the advertising revenue, in fact, it was pouring into connected TV if the inventory is there"
5. $NFLX CEO on gaming:
"I regret not buying Wordle…We are focused partially on mobile games. We’ve done some acquisitions there..Talk to us after we’re a big leader in games. We have a lot of investment to do in games"
"I regret not buying Wordle…We are focused partially on mobile games. We’ve done some acquisitions there..Talk to us after we’re a big leader in games. We have a lot of investment to do in games"
6. Tiktok CEO on the metaverse:
"You can imagine interesting use cases. At the same time, where we are in terms of the adoption curve is so early that I think we need to proportionately give it that weight in terms of investment.”
"You can imagine interesting use cases. At the same time, where we are in terms of the adoption curve is so early that I think we need to proportionately give it that weight in terms of investment.”
7. Treasury Secretary Janet Yellen on crypto regulation:
"I think everything we’ve lived through over the last couple of weeks, but earlier as well, says this is an industry that really needs to have adequate regulation, and it doesn’t"
"I think everything we’ve lived through over the last couple of weeks, but earlier as well, says this is an industry that really needs to have adequate regulation, and it doesn’t"
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thetranscript.substack.com
thetranscript.substack.com
Link to $META CEO Mark Zuckerberg’s Dealbook Summit Interview on the Future of Social Media:
youtu.be
youtu.be
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