Twitter is owned by billionaire Elon Musk, who has tweeted about his plans for a $8 bluejack. CNN's John Sutter says he seems to see freedom of speech as an important value in the social media site. He asks: Is it good or bad that we now have these silos of social media owned by powerful entrepreneurs? "I foolishly said I thought he has some skin in the game"
Economist and author Arnold Kling talks with EconTalk host Russ Roberts about the recent drama in the tech world--Elon Musk's acquisition of Twitter, the collapse of FTX, and the appearance of ChatGPT. Underlying topics discussed include the potential for price discrimination to make social media profitable, whether you could tell Jeff Bezos from Sam Bankman-Fried early on, and the role of human beings in the world of artificial intelligence.