The discussion dives into the controversial trend of debanking, particularly affecting the crypto industry, debunking conspiracy theories about government attacks. Netflix's recent change in parental leave policies raises questions about its corporate culture and future strategy. Meanwhile, Spotify celebrates its first profit amidst shifting music consumption trends and its evolving business model. The team also touches on adaptive technologies and critiques of philanthropy in the tech space, revealing the complexities of contemporary corporate practices.
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insights INSIGHT
Debanking Conspiracy Theory
Crypto industry members believe debanking is a conspiracy against them.
They blame Elizabeth Warren for orchestrating it due to her dislike of crypto.
insights INSIGHT
Reasons for Debanking
Crypto companies are debanked due to regulators' concerns, not a conspiracy.
Regulators aim to limit banks' exposure to crypto, similar to cannabis companies, to mitigate risk.
insights INSIGHT
Crypto and Illegality
Bank regulators are cautious about crypto due to its correlation with illegal activities.
They emphasize KYC and AML compliance, which many banks struggle with, leading to debanking.
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This week: Crypto companies are being debanked but they’re not the only ones. Felix Salmon, Emily Peck, and Elizabeth Spiers break down the conspiracy theory that debanking is a government attack on crypto. Then, Netflix has pared down their extreme leave policy. What does that signal about the direction of the company? And Spotify is finally making a profit and is acting like it.
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Podcast production by Jessamine Molli and Cheyna Roth.
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