Jason Calacanis on CNBC Squawk Alley 8/23/16: NASDAQ high, Amazon Echo, recs for Twitter to evolve

TL;DR

Tech giants thriving, Nasdaq hits all-time high, Amazon launching cheap music service via Echo.

Transcript

and joining us this morning inside.com founder and CEO Jason Calacanis guys good morning to everyone our top story today the Nasdaq kidding me another all-time intraday high this morning as tech Jason is really the story of this summer's rally I wonder what you think is behind it and how long this will last yeah I mean we have a pretty amazing resu... Read More

Key Insights

• 💩 Tech market seeing a resurgence with Nasdaq hitting all-time high.
• 😃 Big tech companies like Google, Amazon, and Facebook thriving with massive investments.
• 👤 Amazon launching a cheaper music streaming service for Echo users.
• 😨 Future tech growth expected in VR/AR, AI, and self-driving cars.
• 😀 Challenges faced by Twitter in product development and revenue growth.
• 🧑‍💻 Need for tech companies to address issues like harassment and user experience.
• ❓ Potential impact of innovative solutions on platforms like Twitter.

Questions & Answers

Q: What is driving the resurgence of the tech market, according to Jason Calacanis?

Jason attributes the tech market resurgence to big companies like Google, Amazon, Facebook, and Microsoft investing heavily in research, M&A, and having millions of users, leading to cash flow.

Q: How are tech giants proving pessimism wrong, according to the conversation?

Tech giants like Apple, Google, and Facebook are exceeding expectations, showcasing resilience, launching new products, and investing in various business lines, contrary to pessimistic views.

Q: What are the key areas of investment in tech for future growth, as mentioned by Jason Calacanis?

Jason highlights investments in VR/AR, AI, and self-driving cars by companies like Facebook, Google, Apple, and Tesla as key areas for future tech growth and development.

Q: What challenges are tech companies like Twitter facing, according to Jason Calacanis?

Jason points out that platforms like Twitter are facing challenges due to slow product development, maxed out revenue, and the need to address issues like harassment, suggesting common-sense solutions.

Summary & Key Takeaways

• Nasdaq hits all-time high with tech giants like Google, Amazon, Facebook thriving.

• Market not collapsing as predicted, companies investing heavily in research and M&A.

• Amazon launching an ad-free music streaming service at half the price for Echo users.