#5 - Adani loses $85B, Meta up $260B (wtf?), Google lays-off 1,800 & Shell scores record profits $42B

The Outsiders with Chris Bakke, Alex Cohen and Michael Girdley

An entertaining recap of the week's top stories in Tech/Business.

Hosts: @anothercohen , @ChrisJBakke & @girdley

What happened this week:

• Google lays off 1,800, including 27 massage therapists
• Bed Bath & Bankruptcy is still losing money: Now closing 87 stores
• Let’s discuss the Adani Group Scam: Losing $92B
• ChatGPT is the most popular app across tech
• Google created an AI that allegedly can create music in any genre out of text
• Meta is up $260B in 3 months - What is happening with our economy?!
• Shell record profits $42b, pulling back from renewable energy
• Is Crypto draining Mom & Pops savings accounts?

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1. Adani loses $85B (https://twitter.com/HindenburgRes/status/1618077612680818688) (https://www.wsj.com/articles/gautam-adani-fortune-hindenburg-modi-11675269600?mod=hp_trending_now_article_pos3)

2. Meta is up $260B in 3 months - sidebar, what the fuck is going on with tech companies and the economy as a whole? (https://www.bloomberg.com/news/articles/2023-02-02/meta-s-stock-market-rebound-to-surpass-200-billion-in-value) (https://www.engadget.com/facebook-2-billion-meta-q4-2022-earnings-223814979.html)

3. Google job cuts hit 1,800 employees in California, including 27 massage therapists (https://www.cnbc.com/2023/01/24/google-cut-over-1800-california-jobs-including-massage-therapists.html)

4. Google created an AI that can generate music from text descriptions but won’t release it (https://techcrunch.com/2023/01/27/google-created-an-ai-that-can-generate-music-from-text-descriptions-but-wont-release-it/)

5. Shell record profits $42b, pulling back from renewable energy (https://www.nytimes.com/2023/02/02/business/shell-earnings-record-profit.html)