Twitter is worth just one third of its $44 billion purchase price, according to the delity. The real mark on Twitter, Cara, is zero for the equity because they have $13 billion in debt. This is a company, no company in history has gone from five billion in revenue to two billion in about eight months.
Elizabeth Holmes goes to prison, the Sackler family escapes liability, and Twitter's valuation drops even lower. Also, Congress votes to raise the debt ceiling, but did Speaker McCarthy get floored? Leading AI scientists and entrepreneurs warn of possible extinction. Kara and Scott weigh the odds.
Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot.
Learn more about your ad choices. Visit podcastchoices.com/adchoices