Jordi Hays

They're just saying like, hey, look, this is something that Coinbase has done before, cyclical business.

And no one is saying it's over for white collar work.

TBD.

Yeah, I don't think we have any clarity on where, like, what kind of, which teams had greater percentages of cuts, right?

Because...

Again, there was some reporting, I don't know how true it ended up being, that like when Square did their big cuts, like engineering was getting laid off.

Yeah, I don't know if it was confirmed, but that does imply that it's like actually more grounded in AI productivity.

But again, a lot of teams that we're seeing, their engineers are a lot more effective.

They can do a lot more.

And so maybe you want more engineers than you did before.

People at the end of the day are worried that he's going to repeat the metaverse saga.

And he's going to spend a lot of money, not get very far.

I think that about coming up on, what is it, almost 10-ish months ago, he started talking about

personal super intelligence.

It sounds cool.

What does that mean?

Does it mean AI in your Meta Ray-Bans, which are selling a lot of units?

So that's a bright point.

Does it mean creating a consumer LLM like they have with Meta AI now?

Meta AI now is squarely in the top five of the App Store rankings, but it is the most competitive category potentially since search, right?