What's Going on With FTX?

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I've never liked the advertising model on the internet in general. I think, you know, there are better ways to try to support content. But somehow the advertising model became the standard thing. You really shouldn't try to play that game. You should try to find some other revenue model. Well, we'll be interested to see what most does.

Economist and author Arnold Kling talks with EconTalk host Russ Roberts about the recent drama in the tech world--Elon Musk's acquisition of Twitter, the collapse of FTX, and the appearance of ChatGPT. Underlying topics discussed include the potential for price discrimination to make social media profitable, whether you could tell Jeff Bezos from Sam Bankman-Fried early on, and the role of human beings in the world of artificial intelligence.