Laffont: Meta and Alibaba Sparked Structural Shift by Staying Private Longer
Thomas Laffont · FULL INTERVIEW: Thomas Laffont’s Journey From Hollywood Assistant to Legendary Tech Investor · Apr 7, 2026 · at 24:32
Coatue co-founder Thomas Laffont explains how tech hedge funds were disrupted in the early 2010s when mega-cap tech companies delayed their IPOs instead of listing at single-digit billion valuations.
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“I think what really changed for us in the early 2010 was meta. Then Facebook and Alibaba staying private for longer. We just never seen companies of that scale who were that important to our research and our market not go public.”
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