What's Really Going On In Davos | Group Chat News Ep. 729

Today, Dee and Anand discuss the latest business and financial news, including Microsoft's decision to lay off 10,000 employees, the reported plummet in Shein's valuation as they seek $3 billion, and the Oxfam report stating that the richest 1% of people amassed almost two-thirds of new wealth created in the last two years. They also discuss recent developments in the world of pop culture, national news, politics, and world news, including Dr. Dre selling music assets to Universal Music and Shamrock, police surveillance in Beverly Hills, and Donald Trump's potential return to Twitter and Facebook. Plus, they dive into the world of fintech and crypto, discussing Arch's new crypto lending product and the gathering of prostitutes in Davos for the annual meeting of the global elite. Lastly. the gentlemen drop their weekly Winners, Losers, and Content. - written by ChatGPT Timeline of What Was Discussed: Microsoft’s strange decision. (3:12)  Netflix’s subscriptions are popping! (6:30)  The big challenge for Shein. (10:46)  How the richest 1% of people amassed almost two-thirds of new wealth created in the last two years. (18:12)  Peter Thiel is doing WELL. (23:02)  Dr. Dre is cashing out! (25:53)  The Beverly Hills police are watching you. (32:13)  The Don is back! (36:33)  The strange concept of Davos. (38:11)  A Group Chat exclusive interview with Dhruv and Himanshu from Arch. (41:12)  Winners, Losers, and Content. (58:12)  Group Chat Shout Outs. (1:05:34)  Related Links/Products Mentioned  Chatty Kathy Club  Microsoft is laying off 10,000 employees  Reed Hastings steps down as Netflix CEO amid subscriber gains  Shein valuation reportedly plummets by a third as it seeks $3B  The richest 1% of people amassed almost two-thirds of new wealth created in the last two years, Oxfam has said. - unusual_whales on Twitter  Trump backer Peter Thiel reportedly made $1.8 billion cashing out an 8-year bet on crypto – when he was still touting a massive bitcoin price surge  Dr. Dre Selling Music Assets to Universal Music and Shamrock  In (and Above) Beverly Hills, Police Are Watching  BREAKING: Donald Trump is preparing to come back to Twitter and Facebook, per NBC News  Prostitutes gather in Davos for annual meeting of global elite  Fintech Firm Arch Starts Crypto Lending Product, Raises $2.75M  Arch - The Easiest Way to Borrow Against Crypto and NFTs  Musk’s Twitter Saw Revenue Drop 35% in Q4, Sharply Below Projections  What to know about extraordinary measures as debt ceiling hits  Zerofux Clothing Co  Connect with Group Chat! Watch The Pod #1 Newsletter In The World For The Gram Tweet With Us Exclusive Facebook Content We’re @groupchatpod on Snapchat