Meta’s AI Promise, Microsoft’s Disappointing Beat & Why Google Should Spin Youtube | Prof G Markets - Video

This week on Prof G Markets, Scott and Ed open the show by discussing the U.S.’s GDP growth, Reddit’s earnings, Eli Lilly’s third quarter drug sales, and xAI’s new funding round. Then Scott and Ed break down big tech’s earnings and discuss how the tech companies are using capital as a weapon. They also examine the shifting media landscape and explain why advertisers have been cutting their spending on legacy media. Finally, Scott offers his prediction for the Presidential election.

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Timestamps:
00:00 - Today's number
00:20- Today's episode
03:43 - Market Vitals/Headlines
21:23 - Ad Break
21:42 - Meta’s AI Promise, Microsoft’s Disappointing Beat & Why Google Should Spin Youtube
32:57 - Break
33:16 - Meta’s AI Promise, Microsoft’s Disappointing Beat & Why Google Should Spin Youtube
42:53 - Week Ahead
43:07 - Prediction

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Headlines:
U.S. economy grew at 2.8% pace, slowing slightly ahead of elections
https://www.washingtonpost.com/business/2024/10/30/gdp-third-quarter-2024/

Reddit shares soar 40% as it turns its first profit
https://www.ft.com/content/aea18498-5464-452c-a993-1173f48dc4b9

Elon Musk’s xAI in Talks to Raise Funding Valuing It at $40 Billion
https://www.wsj.com/tech/ai/elon-musks-xai-in-talks-to-raise-funding-valuing-it-at-40-billion-af808b9e

Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance
https://www.cnbc.com/2024/10/30/eli-lilly-lly-earnings-q3-2024.html

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