TechnologySaturday 02.19.22

Kara Swisher Breaks Down Meta’s Stock Plunge

For the first time, Facebook’s number of daily active users has gone down. Journalist and podcaster Kara Swisher shares her insights into why Meta (the social media network formerly known as Facebook) is no longer the tech juggernaut it once was. In this segment of Hell & High Water, Swisher discusses how Apple’s privacy update, stiff competition from TikTok, and a lack of creativity have hurt the company. She draws parallels between Mark Zuckerberg and Bill Gates, who have both relied heavily on the strategy of buying or copying competitors, and breaks down how Facebook lacks the kind of curious, visionary leader that Apple had in Steve Jobs. 

Watch the full episode on The Recount's Youtube channel and watch Kara Swisher and John Heilemann discuss Spotify’s handling of the Joe Rogan controversy, how the pandemic has shifted the tech landscape, and what to make of two of the most powerful — and maddening — hyper-capitalists of the age: Elon Musk and Mark Zuckerberg. They also look back at their parallel paths covering Silicon Valley during the first Internet boom (and bubble, and bust) in the late 1990s, and how Swisher’s lesbian identity affected her ability to cover the Valley’s notorious tech bro culture.

Hell & High Water