Twitter and other social media companies have been criticized for lending to one another rather than securing traditional avenues of financing. Twitter CEO Jack Dorsey says it was a "necessity" that they were doing so, but he doesn't know if there's any real fraud behind the loans or not. The crypto world is very decentralization with no operations underlying it, which makes it hard to loan against; you can't make an investment based on its value.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode