This podcast episode delves into the recent struggles of Buzzfeed, a media company that went public via SPAC. The company has faced challenges such as a decline in its stock, plans to shut down its Buzzfeed News division, and below-expectation earnings. The speakers analyze the factors contributing to Buzzfeed's struggles, such as the downturn in the SPAC market, lack of profitability, and changing media landscape. They discuss the implications of these struggles for other companies in the current economic environment. The episode also explores the potential future of Buzzfeed, including the possibility of acquisition. Additionally, the podcast examines SoftBank's unwinding of its stake in Alibaba and the lessons investors can learn from this. They highlight the importance of diversification and caution against concentrating investments in a single company. The speakers discuss SoftBank's investment style, Alibaba's poor performance, and the potential impact of Alibaba's planned split into multiple companies. Lastly, they examine how Masayoshi Son's investing style may have affected Alibaba.
