I've seen a lot of his stuff and I didn't come to this same conclusion. He does tend to present information that we've already come to consensus on as though it's his idea- this is sort of irritating. But, he does a good job explaining economic and medical concepts in every common language so he's worth following and sharing imo.
And what's up with Oregon? They start all the forest fires too. Src/https://youtu.be/Ieb22ok2INA
EDIT: Headline should say "food processing plants" not "did processing plants" lol
And their platform is only worth the present value of a decaying series of cashflows. They have to continue to scale faster than the erosion or growth becomes decline. Yet their valuation seems to assume this game can continue forever.
I'm not communicating my point very well it seems. The value of the platform approaches $0 much more quickly than the lofty PE ratios seem to justify. Within a few years they become liabilities. Yet they spend hundreds of millions per years on salaries to build them. If they are only worth their media library licenses scaled to their audience then their PE ratios should be similar to the duration of these contracts (ie ~10 not ~30+). Same is true for software such as windows where there's a need for constant improvements/updates. It's this pattern that I see throughout tech sector.
You're correct it is satire.