Economist Podcasts A bird out of hand: Elon Musk and Twitter
Jul 14, 2022
Tom Wainwright, Technology and media editor at The Economist, explores the tumultuous legal battle between Elon Musk and Twitter over a $44 billion deal, shedding light on Twitter’s struggles for profitability. William Warren, a creative producer, reminisces about the nostalgic video game Mario Paint, highlighting its unique blend of art and music creation that inspired generations. The discussion also touches on the surge of traditional herbal remedies during the pandemic and their implications in the context of health and wellness.
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Twitter's Distraction
- Elon Musk's Twitter takeover bid is causing a public battle with the social network.
- This legal fight distracts from Twitter's larger issues, regardless of the outcome.
Musk's Twitter Deal
- Elon Musk agreed to buy Twitter at a price higher than its current value.
- He claims Twitter misrepresented spam accounts, but he skipped due diligence.
Twitter's Profitability Problem
- Twitter struggles with profitability compared to other social media platforms.
- Its smaller user base, roughly a tenth of Facebook's, contributes to this.