Tiger Global Rebounds in Q1 After Humbling 2022

The transcript discusses the financial challenges faced by a firm that started 2023 with half the funds compared to 2021, having lost 56% in hedge funds the previous year. It highlights their recovery efforts, including a 7% gain in the first quarter, and compares it to past recoveries in 2008 and 2016. The transcript also covers Chase Coleman's optimistic view on tech investments, particularly in big tech and companies like Amazon using new technologies such as ChatGPT.

What was the recovery percentage in the first quarter mentioned?

What does the term 'fangs' refer to in the context of this discussion?