176. Why the shine has come off Amazon, PayPal and Meta

<p>Stephen Yiu, manager of <a href='https://www.fundcalibre.com/elite-funds/lf-blue-whale-growth'>LF Blue Whale Growth</a> fund, talks to us about why he has never held Netflix or Zoom and why he thinks they are struggling today. He also gives his reasons for selling out of Amazon, PayPal and Meta recently and says what would need to change at Facebook for him to reinvest. He also discusses the opportunities in 5G and digital transformation, as well as the importance of pricing power and gross margins in today’s inflationary environment. He finishes by detailing new investment, Charles Schwab.</p>