Plain English with Derek Thompson

Thanksgiving Mega-Pod: Bob Iger’s Power Grab, SBF’s Scandal, and Elon Musk’s Omnishambles

12 snips
Nov 22, 2022
Matt Belloni, a sharp writer for The Ringer and Puck, joins the discussion on a turbulent week in media and tech. They dissect Bob Iger's surprising return to Disney, analyzing the implications for streaming strategies and the industry at large. The conversation takes a turn to the FTX scandal and the concept of effective altruism, reflecting on Sam Bankman-Fried's controversial actions. Belloni’s insights provide a fascinating lens on the evolving media landscape and the high stakes involved in corporate leadership during uncertain times.
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ANECDOTE

Maker Studios Failure

  • Disney's acquisition of Maker Studios, a creator network, failed to yield substantial returns.
  • This highlights the importance of proprietary technology and a direct relationship with content creators for successful digital ventures.
INSIGHT

FTX and EA

  • Sam Bankman-Fried's FTX collapse raises questions about crypto and Effective Altruism (EA).
  • His involvement with EA adds another layer to the scandal, questioning the philosophy's association with him.
ANECDOTE

Effective Altruism Defined

  • Effective Altruism (EA) encourages rational, impactful giving by prioritizing causes with the highest potential for good.
  • It challenges traditional philanthropy, which often focuses on personal connections rather than global impact.
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