Ranjan Roy is the co-author of Margins, a Substack newsletter about the financial markets. He joins Big Technology Podcast for a conversation about the Federal Reserve's steep interest rate raises, how they've harmed tech valuations, and whether the Fed might reverse course and bring the party back. Stay tuned for the second half where we discuss the short-form video wars and the likely outcome of Elon Musk's pursuit of Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices