Twitter fired a bunch of people, I think, as far as we know. And I thought it was a little strange. People said, Twitter still works. So obviously they were doing nothing. Well, you can't be sure of the profitability. We certainly get more revenue. Maybe then they're getting now.
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.