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E33: Apple’s hypocrisy, America fails math, crypto’s regulatory correction, Clubhouse, UFOs & more

Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Referenced in the show: The Verge - Apple employees circulate petition demanding investigation into ‘misogynistic’ new hire https://www.theverge.com/2021/5/12/22432909/apple-petition-hiring-antonio-garcia-martinez-chaos-monkeys-facebook The Verge - Apple employees call for company to support Palestinians in internal letter https://www.theverge.com/2021/5/20/22446059/apple-employees-palestinians-support-internal-letter-tim-cook Vox - Full transcript: 'Chaos Monkeys' author Antonio García-Martinez on Recode Decode https://www.vox.com/2016/8/9/12415696/antonio-garcia-martinez-chaos-monkeys-recode-decode-podcast-transcript Business Insider - Tobi Lutke's Email https://www.businessinsider.com/shopify-ceo-email-to-managers-we-are-not-a-family-2021-5 TK News by Matt Taibi - On the Hypocrites at Apple Who Fired Antonio Garcia-Martinez https://taibbi.substack.com/p/on-the-hypocrites-at-apple-who-canceled The Information - Seven Apple Suppliers Accused of Using Forced Labor From Xinjiang https://www.theinformation.com/articles/seven-apple-suppliers-accused-of-using-forced-labor-from-xinjiang Persuasion - America Is Flunking Math https://www.persuasion.community/p/why-america-is-flunking-math-education Bloomberg - Gap With White House on Infrastructure Is Widening, GOP Says https://www.bloomberg.com/news/articles/2021-05-21/biden-offers-to-cut-infrastructure-proposal-to-1-7-trillion St. Louis FED - 10-Year Breakeven Inflation Rate https://fred.stlouisfed.org/series/T10YIE TED - A prosecutor's vision for a better justice system https://www.ted.com/talks/adam_foss_a_prosecutor_s_vision_for_a_better_justice_system?language=en Tweets: https://twitter.com/DavidSacks/status/1394328675768705030 https://twitter.com/DavidSacks/status/1395056042841559041 https://twitter.com/garrytan/status/1393462058407010307 https://twitter.com/moskov/status/1395060902253064195 https://twitter.com/moskov/status/1395062765702713358 https://twitter.com/DavidSacks/status/1395073652840796160 https://twitter.com/cabot_phillips/status/1394654014596337667 https://twitter.com/ALLIN_STATS Show Notes: 0:00 Apple's hypocrisy re: AGM firing 25:48 America is failing math 40:10 Inflation fears slowing down, infrastructure bill restructuring, corporate tax loopholes 50:10 Clubhouse's plummeting download numbers, David Sacks gives the besties a scoop 57:46 Crypto correction: regulation, centralized coins, potential black swans 1:13:30 Friedberg's science corner: UFOs 1:19:18 Sacks presses other billionaires on their support Chesa Boudin #allin #tech #news

Jason CalacanishostChamath PalihapitiyahostDavid Friedberghost
May 21, 20211h 30mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

Apple’s culture war, failing schools, frothy crypto, and censorship fears

  1. The episode opens with Apple’s firing of Antonio García Martínez and uses it to explore corporate hypocrisy, employee mobs, and weak leadership in big tech. The hosts then pivot to California’s proposed dismantling of advanced math tracks as evidence of a broader war on merit and competition in education. They connect these cultural and policy trends to overstaffed tech companies, distorted valuations (e.g., Clubhouse), and the regulatory normalization of crypto amid China’s crackdowns and U.S. tax moves. Later, they touch on UFO disclosures, the future of digital money versus state control, and escalating battles over progressive prosecutors in major U.S. cities.

IDEAS WORTH REMEMBERING

5 ideas

Employee-mob-driven HR decisions erode trust and create legal risk.

Apple knew about García Martínez’s book when hiring him but fired him after an employee petition, without due process, then labeled it “behavior” — a move the hosts argue opens Apple to defamation claims and sets a dangerous precedent of ‘HR by mob rule.’

Big tech’s leadership vacuum lets internal culture drift toward performative politics.

The hosts contrast Apple and Google’s manager-led, downside-protecting cultures with founder-led firms like Coinbase, Shopify, and Basecamp, where leaders explicitly set apolitical norms and focus the company on performance rather than Slack/Twitter-style activism.

Overhiring and cheap capital create idle employees who gravitate to politics at work.

They argue years of easy money led to bloated headcount at major tech firms, leaving many smart but underutilized employees looking for meaning in internal cultural battles instead of core product and customer work.

Destroying advanced tracks in math narrows opportunity and hides systemic failure.

Eliminating gifted/accelerated math and standardized tests is framed as “equity,” but the hosts see it as leveling down, masking America’s poor math performance, and denying high-aptitude students—especially from disadvantaged backgrounds—critical pathways into STEM.

Valuation bubbles in growth and late-stage private markets are already correcting.

They tie the selloff in growth stocks, inflated startup valuations, and the Clubhouse rise-and-fall to macro fears (inflation, taxes) and predict that public-market repricing will trickle down and discipline venture valuations.

WORDS WORTH SAVING

5 quotes

This is HR by mob rule. It’s totally unacceptable. No company should be run this way.

David Sacks (on Apple firing Antonio García Martínez after an employee petition)

Shopify is a team, not a family. We literally only want the best people in the world.

Tobi Lütke (quoted by Chamath Palihapitiya as a model of clear leadership communication)

We are really doing our level best to just completely fuck our population.

Chamath Palihapitiya (on dismantling gifted math and advanced education tracks)

You can have progress or you can have equality, but it’s very difficult to have both.

David Friedberg (on policies that level outcomes rather than expand opportunity)

Crypto is the bubble that becomes true if everyone believes in it… provided the number of bitcoins stays at 21 million.

David Sacks (on Bitcoin’s value being rooted in collective belief and enforced scarcity)

Apple hiring and firing Antonio García Martínez and internal employee activismCorporate hypocrisy, woke culture, and failure of leadership in big techOverstaffing, organizational bloat, and misaligned incentives in Silicon ValleyCalifornia education policy, gifted math programs, standardized tests, and equity vs. excellenceMacroeconomics: inflation, Biden’s infrastructure and tax plans, and market reactionCrypto volatility, regulation, China’s stance, and long-term Bitcoin thesisSocial/audo apps and valuations (Clubhouse, Sacks’s Call-In) as a signal of market frothProgressive prosecutors, decarceration, and rising urban crime politicsUFO reports, technological plausibility, and skepticism

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