Opening arguments for Epic vs. Apple will begin shortly. I'm here in the courtroom and can report that Epic CEO Tim Sweeney has ditched his cargo shorts and t-shirt for a suit. 🕴️
And given that it's #WorldPressFreedomDay - shoutout to @leah_nylen for pushing to get better press access to this trial given covid restrictions. here we go!
@leah_nylen Epic's lawyers are running through a series of emails between Steve Jobs, Tim Cook, Phil Schiller, Eddy Cue and other Apple execs to make the case that the App Store was designed as a "walled garden" that locks people in.
Why are we suddenly surrounded by investment manias?
-Pandemic stimulus + Fed printing money = lotta $$$ sloshing around
-Stocks expensive, bonds not attractive, everyone's chasing risk
-Day trading becomes a pandemic pastime
-Each mania is weirder and wilder than the last
Where does this go from here?
-The economy is roaring...
-Not many ppl see systemic risk...
-Vaccines could lead to a new roaring 20s...
-Bubbles, while risky, also lead to major technological shifts