Pivot Twitter’s Future, Big Tech’s Bad Earnings, and Adidas and Ye
10 snips
Oct 28, 2022 Elon Musk's takeover of Twitter brings intrigue and uncertainty, including speculation about controversial figures returning to the platform. Big tech faces challenges with disappointing earnings and layoffs, while Warner Bros. Discovery plans a $1 billion downsizing. Adidas cuts ties with Ye, prompting discussions about ethical responsibility in partnerships. The podcast also humorously touches on Halloween traditions and the complexities of legacy in the tech industry, all while exploring the evolving landscape of social media and political candidate critiques.
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Adidas and Ye Split
- Adidas terminated its partnership with Ye (formerly Kanye West) due to anti-Semitic comments.
- This resulted in a $250 million net income loss for Adidas, despite the collaboration being valued at $2 billion.
Swift Action Against Hate Speech
- Adidas made a swift decision regarding Ye, showing companies should act decisively against hate speech.
- This quick action demonstrates a strong stance, even with potential financial implications.
Spotify's Stance on Ye's Music
- Spotify won't remove Ye's music due to its hate speech policy focusing on the content itself, not the artist's views.
- This raises questions about platforms' responsibility regarding artists with problematic views but non-violating content.