FT News Briefing Dirty green jobs, and the $1tn carmaker
Oct 26, 2021
Tesla makes headlines as the first carmaker to hit a staggering $1 trillion market value, prompting debates about its identity as a tech or automotive company. Meanwhile, leaked documents shed light on Facebook's struggles with user engagement, particularly with the younger crowd. The podcast dives into the complex truth behind green jobs, revealing that not all environmentally friendly positions are safe or clean, particularly in mining and recycling sectors. The need for better worker protections is underscored as the world transitions to greener practices.
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Tesla's Valuation
- Tesla's $1 trillion valuation hinges on whether it's a car company or a tech company.
- If a car company, the valuation is exorbitant; if a tech company, it's like the 'iPhone on wheels'.
Tesla vs Volkswagen
- Patrick McGee compared Tesla's value to Volkswagen, which owns twelve brands, including Porsche and Lamborghini.
- Tesla's value is seven times that of Volkswagen.
Facebook's Internal Struggles
- Leaked internal documents show Facebook struggling with attracting and retaining younger users.
- Facebook's response to whistleblower Frances Haugen includes discrediting her position and blaming the media.