This is the first time I've ever seen so much fear mongering going on. They created a problem. The brand that has fallen for this fastest in the last six months is Elon Musk's brand. And there's a general sense that you have a group of very fortunate and very talented people who take a lot of risk with their own capital and other people's capital.
The Biden administration tells Tiktok to leave ByteDance or leave the US. Meta's year of Zuck-ficiency continues, with another 10,000 layoffs. Kara and Scott unpack the decision to backstop Silicon Valley Bank, as Credit Suisse deals with its own potential issues. Also, ChatGPT gains the power of sight, and a listener worries about the growth of legalized gambling.
Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot.
Learn more about your ad choices. Visit podcastchoices.com/adchoices