First up, Jason takes on the news solo by breaking down Uber's Q3 earnings (2:23), reflecting on SBF's guilty verdict (13:39), and giving some takes on Biden's EO on AI (15:53). Then, Motive CEO John Habeck joins to break down building "Shopify for Car Dealerships" (21:39).
- Uber achieved net profitability in three out of its last four quarters, signaling a shift away from ZIRP-era "growth at all costs"
- The company could potentially be included in the S&P 500 soon, which could significantly impact its share price due to mandatory buying by index funds.
- Sam Bankman-Fried, the founder of FTX, was found guilty on multiple charges including wire fraud and money laundering, facing a max sentence of 100+ years in prison, marking a definitive end to the era of unchecked growth and investment in the crypto industry, and the startup industry more broadly.
- Motive is another startup targeting a "sleeping giant" industry: building "Shopify for car dealerships" and aiming to enhance customer experience by simplifying the buying process.
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