higher. i spoke to tribeca investment partners, who told me what was driving the rally. 2024 - me what was driving the rally. 2024 we re heading to a good start. certainly the investor optimism has returned after the first couple of weeks of a little bit of weakness. investors have decided 2024 is going to be a year where interest rates will head lower locally and the economic activity will slow down, but not as bad as feared previously. so all that combined, it s good to see the nasdaq pushing higher, led by big tech, and everybody else heading the right way. big tech - we re hearing heading the right way. big tech - we re hearing some heading the right way. big tech - we re hearing some good - we re hearing some good things, some lay offs as well? sure. i do think big tech is going through for 2024, certainly they ve had a great start, but i do think they will slow down somewhat because of the things you talk to. their earnings were slowed somewhat because costs a
i was backed up by facebooks 3rd quarter earnings that were released last night we saw a revenue rose 35% to $25,000,000,000. it seemed to me today that the last time we heard about profit being put over safety on such a wide scale in one industry was back in the late 705 one industry was back in the late 70s and early 80s with tobacco. do you think that is a good comparison? i think it is a fair comparison but there are similarities and differences. the similarities. big techis differences. the similarities. big tech is putting big profit ahead of people and sending a addictive product to teens and seeing how the research demonstrating how product is increasingly harmful and body dysmorphia, and they re taking that out of the playbook but this is much further reaching. we never saw big tech because of genocide like