Pivot The screw-up-billionaire, quantum computers, and the skewering of Zuckerberg
Oct 25, 2019
The discussion kicks off with a major corporate shake-up as SoftBank buys out Adam Neumann for $1.7 billion. Quantum computing is unveiled, raising questions about its future impact on industries. Tesla surprises everyone with impressive earnings. Senior reporter Peter Kafka shares insights on the brewing streaming wars as Apple jumps into the mix. Meanwhile, women in Congress take a firm stand against Mark Zuckerberg, criticizing Facebook’s handling of misinformation and reminding us of the importance of accountability in tech.
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WeWork Saga's Conclusion
- SoftBank paid Adam Neumann $1.7 billion to leave WeWork, including a large consulting fee.
- This payout is despite WeWork's struggles and planned layoffs, highlighting Neumann's negotiating power.
Dual-Class Shareholder Risks
- Adam Neumann's control via super voting shares allowed him to dictate terms to SoftBank.
- This situation emphasizes the potential downsides of dual-class shareholder structures.
Quantum Computing Potential
- Quantum computing could revolutionize fields like AI, autonomous vehicles, and cancer research.
- Its ability to handle complex calculations quickly surpasses current supercomputers.