Estimize CEO Says Consumer Spending Is Incredibly Strong

The video discusses the strong performance of payment companies like PayPal, Visa, and Square, highlighting their growth and market position. It examines consumer spending trends, noting a shift from traditional retail to online platforms like Amazon. The video also explores the impressive growth of Square and the investor interest in its future potential. Finally, it analyzes tech companies' earnings, questioning whether estimates were too low and discussing the implications of market multiples on stock performance.

In what ways do the earnings estimates for tech companies impact their stock performance?

Discuss the implications of declining multiples for big tech stocks like Facebook.