Pivot Everyone’s Favorite Legal Battle, and So Much Inflation
Jul 15, 2022
Inflation surges to a 41-year high, prompting discussions on its impact and future. The legal showdown between Twitter and Elon Musk captivates, showcasing intricate strategies in the Delaware Chancery Court. Governor Newsom takes a stand against gun manufacturers, while the fallout from the bankruptcy of crypto lender Celsius leaves investors reeling. Nostalgic reflections meet serious legal battles, all wrapped in light-hearted banter about cooking and celebrity encounters. A lively blend of humor and insight keeps listeners engaged!
AI Snips
Chapters
Transcript
Episode notes
Crypto Crash
- Several crypto companies, including Celsius and Three Arrows, have filed for bankruptcy, causing significant losses for retail investors.
- This highlights the risks of unregulated markets and the potential for Ponzi-like schemes in the crypto space.
Celsius’ customer base
- Celsius had 1.7 million customers, about twice the population of San Francisco.
- This bankruptcy will severely impact many people's lives who had hoped to find financial stability through crypto.
Miami's Tech Hub Dream
- Miami's attempt to become a tech hub by associating with crypto is now backfiring due to the recent market crash.
- The city lacks a world-class engineering university, hindering its ability to create a sustainable tech ecosystem.