Nvidia rekindling AI mania in markets, potential lull in EV demand, US housing market breakdown. Deep dive into Twitter's intense battle with Jack Dorsey, Elon Musk, and the $44 billion fight for the platform's soul.
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Quick takeaways
Jack Dorsey viewed Twitter as a utility for open dialogue, detached from profit-driven pressures.
Elon Musk aims to expand Twitter into an 'everything app' with banking, payments, and video features.
Deep dives
Twitter's Utility vs. Business Perspective
Jack Dorsey considered Twitter as a utility more than a business, aiming to provide a platform for conversation without the pressure of being a for-profit entity. He believed in a public good approach, detached from investor and advertiser demands, envisioning a utility for open dialogue on the internet.
Elon Musk's Interest in Twitter
Elon Musk pestered the Twitter CEO to remove the Elon Jet account, tracking his private plane. However, when his request was not fulfilled, Musk started buying a stake in Twitter, showcasing a potential link between his displeasure and acquiring a significant shareholder position.
Elon Musk's Vision for the Future of Twitter
As the new owner of Twitter, Elon Musk aims to transform the platform into an 'everything app.' He envisions expanding its capabilities beyond news and information sharing to include functions like banking, payments, and video features. Musk's ambitious goal is to redefine Twitter's user experience and utility.
Challenges in Twitter's Transformation
While Elon Musk intends to revolutionize Twitter's offerings, skepticism remains regarding the platform's evolution. The shift towards an all-encompassing app raises concerns about diverging from Twitter's core strength in real-time news delivery. Despite Musk's aspirations, the transformation poses challenges in aligning user expectations and the platform's new functionalities.
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Bloomberg News US Semiconductor & Networking Reporter Ian King and Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani join for a roundtable discussion on Nvidia and how it's rekindling AI mania in markets. Bloomberg News Auto Reporter Keith Naughton discusses a potential lull in EV demand, driven by recent job cuts at Rivian. Kate Kaminski, COO of Walton Global breaks down the state of the US housing market. And Bloomberg News Technology Reporter Kurt Wagner leads a deep dive on his book, "Battle for the Bird: Jack Dorsey, Elon Musk, and the $44 Billion Fight for Twitter's Soul".
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan, with assistance from Justin Milliner.