Jason Calacanis
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Appearances Over Time
Podcast Appearances
Everything goes right.
Everything goes right.
They're able to cut staff.
They're able to cut staff.
Their margins go up, similar to how Amazon has
Their margins go up, similar to how Amazon has
you know, trimmed their white collar staff, then they're so successful at this that they lose their customer base, because consumers don't have discretionary funding to spend, then the creates a debt spiral where the companies keep deploying AI to try to hit the margins cutting staff and the entire economy collapses, Dr. Doom level stuff, unemployment at 10% S&P goes down from 38% highs
you know, trimmed their white collar staff, then they're so successful at this that they lose their customer base, because consumers don't have discretionary funding to spend, then the creates a debt spiral where the companies keep deploying AI to try to hit the margins cutting staff and the entire economy collapses, Dr. Doom level stuff, unemployment at 10% S&P goes down from 38% highs
After this piece came out, which speculated that agents would get rid of all the 3% interchange fees and move everybody to settle transactions on stable coins, all the financial stocks got hit on Monday.
After this piece came out, which speculated that agents would get rid of all the 3% interchange fees and move everybody to settle transactions on stable coins, all the financial stocks got hit on Monday.
Amex down 8%, Capital One down 8%, MasterCard 6% fees of 4%, yada, yada.
Amex down 8%, Capital One down 8%, MasterCard 6% fees of 4%, yada, yada.
Finally, this piece got a lot of pushback.
Finally, this piece got a lot of pushback.
There was a silly piece in it or a section in it where they said AI agents would vibe code their way to displacing DoorDash
There was a silly piece in it or a section in it where they said AI agents would vibe code their way to displacing DoorDash
And that's kind of silly if anybody's run a network-based business knows.
And that's kind of silly if anybody's run a network-based business knows.
Sax, I assume you read this piece or at least saw the fallout from it.
Sax, I assume you read this piece or at least saw the fallout from it.