Pivot

Netflix Shakeup, More Tech Layoffs, and Guest Cory Doctorow

14 snips
Jan 24, 2023
Cory Doctorow, an author and digital rights activist, dives into his latest book, exploring how big tech and streaming services like Netflix shape creative labor markets. He discusses the destructive influence of monopolistic practices on artists and the urgent need for legislative change to protect their rights. The conversation also touches on the impact of corporate shakeups and layoffs in the tech industry, sharpening the focus on worker experiences and accountability in corporate governance. Doctorow's insights illuminate the vital intersections of technology, creativity, and fairness.
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ANECDOTE

Elon Musk's "Funding Secured" Trial

  • Elon Musk is on trial for his "funding secured" tweets about taking Tesla private.
  • He claims it's hard to link Tesla's stock price to his tweets and that people shouldn't believe them.
INSIGHT

CEO Communication and Market Manipulation

  • CEOs are legally obligated to provide truthful information and not manipulate stock prices with false statements.
  • Short selling is a legitimate market practice used by pension funds and others to hedge against losses.
ANECDOTE

Eddie Bauer Earnings Call

  • Scott Galloway recalls advising the CEO of Eddie Bauer to remain silent during an earnings call.
  • The company's poor performance and potential bankruptcy filing made any positive remarks risky for investors.
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