The app reported close to a billion dollars in turnover for 2021. That's nearly six times its previous take in Europe. On the other hand, it lost nearly 900 million dollars. The company says the staff compensation was the primary cost has been higher and like crazy. If you just take a straight line out, this company should be one of the three or four most valuable companies in the world in five to ten years.
So many Elon texts. Kara and Scott discuss A-listers’ conversations with Musk, and TikTok’s wins and losses in Europe. Also, Liz Truss’s reversal on tax cuts for the wealthy, and Kim Kardashian’s crypto trouble with the SEC. Then, we’re joined by Friend of Pivot, Gabriel Debenedetti about his new book on the relationship between Joe Biden and Barack Obama.
You can find Gabriel on Twitter at @gdebenedetti, and you can buy The Long Alliance: The Imperfect Union of Joe Biden and Barack Obama here.
You can listen to Kara’s new show, On with Kara Swisher, here.
Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot.
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