Is There a Profit Motive?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

One person owns 50 % of the controlling shares in facebook. And now were going to have wer gan hecompany where maybe one guy owns all the shares lot. Iever know how te the deal docters can be got up, but it's just not, it's not a good position to be in, i think. The only entities that can actually run institutions without a profit motive are wealthy individuals.

Why did Elon Musk buy Twitter? What does he plan to do with it? Is this the end of big social or a chance to reinvent it? This week, we’re interrupting our regularly scheduled programming to answer those questions with two of the smartest internet commentators we know: Eli Pariser, co-founder of Upworthy and author of “The Filter Bubble”; and Steven Johnson, writer, podcaster, and TV host.

RECOMMENDED:

Subscribe to Steven’s newsletter, Adjacent Possible: adjacentpossible.substack.com

Follow Eli on Twitter: @elipariser

Listen to our interview with Jill Lepore about Elon Musk’s sci-fi fantasies.

GET IN TOUCH:

What did you think of this episode? Send us your thoughts: podcast@nextbigideaclub.com

NEXT BIG IDEA APP:

You know what’s better than mindlessly scrolling through Twitter? Reading an entire book in just 12 minutes. Impossible, you say? Well, clearly you haven’t downloaded the Next Big Idea app, the only place in the world where you can hear book summaries read by leading authors themselves. Download it today: nextbigideaclub.com/app