CNN's John Sutter talks to Bloomberg Business Week about the future of finance. crypto has lost $2 trillion in market value this year, but it is still a big asset class for investors. He says he doesn't think there are any imbeciles and hocksters anymore because they're more likely to do the dumbest possible thing when things are going up. Next on his list: banking breaking itself apart with Goldman Sachs rethinking its credit sources.
The Twitter deal is done, and Elon Musk is now, officially, “Chief Twit.” Bloomberg Opinion columnist and “MoneyStuff” writer, Matt Levine, has been analyzing the deal (and the drama) over the past seven months. Now, Matt and Kara consider what the future of the social media platform might look like under Musk. They discuss whether Elon’s seemingly genuine belief in the utility of Twitter, paired with his business and engineering acumen, will be a game changer for the company. And they discuss how his principles will drive big decisions ahead, including potentially reversing the platform's ban of Donald Trump.
Before the interview, Kara and Nayeema talk about the violent attack on Paul Pelosi, husband of Speaker Nancy Pelosi, and the rising tide of violence against politicians. Plus, Kara gives Elon some unsolicited advice on the business, including how to avoid a version of Twitter that would make even Kara quit her favorite social media platform.
Do you want Kara’s (solicited) advice? Call 1-888-KARA-PLZ and leave us a voice mail with your questions!
You can find Kara and Nayeema on Twitter @karaswisher and @nayeema.
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