Pivot Big Tech military contracts, Compass's IPO, and President Biden's $2 trillion infrastructure plan
Apr 2, 2021
Big Tech is stepping into the military realm, raising ethical concerns among employees. The hosts dissect Compass's role in real estate tech and its struggles against traditional valuations. A $2 trillion infrastructure plan from President Biden garners excitement, while a clever April Fools' prank adds a playful twist to the discussion. Expect insights on corporate accountability, the rise of digital consumerism, and predictions on market dynamics—all served with humor and candid personal anecdotes.
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Microsoft's Response to Employee Concerns
- Microsoft told employees to "grow up" after complaints about their military contracts.
- Galloway and Swisher debate employee power in tech, with Swisher suggesting providing alternative projects.
Compass IPO Valuation Cut
- Compass, a real estate company, halved its IPO valuation to $7 billion, raising questions about its tech company status.
- Galloway argues it's a traditional brokerage using capital as a strategy, similar to WeWork.
Infrastructure Investment
- Invest in infrastructure to support the middle class and boost national pride.
- Infrastructure improvements benefit the middle class most and enhance a country's image.