Pivot Facebook gets into audio, WeWork's SPAC, and Friend of Pivot Preet Bharara
Apr 20, 2021
Join Preet Bharara, former US attorney and host of 'Stay Tuned with Preet', as he dives into the legal complexities surrounding current events. The conversation heats up with insights on Facebook's venture into audio and its implications for creators. They also dissect WeWork's tumultuous journey towards a SPAC merger and reflect on the legal ramifications of high-profile cases involving WeWork and Trump. With a blend of humor and serious analysis, Bharara brings a unique perspective on the intersection of law and technology.
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Facebook's Audio Push
- Facebook is pushing into the audio space with new products, including a Clubhouse competitor and podcast discovery with Spotify.
- This move highlights the increasing importance of audio in social media and the potential for NPS arbitrage.
Clubhouse Requests
- Scott Galloway gets daily requests to join Clubhouse but refuses, questioning the platform's value proposition.
- Kara Swisher echoes this sentiment, highlighting the lack of monetization as a deterrent.
WeWork's SPAC Comeback
- WeWork is attempting a comeback via SPAC, giving it more leeway than a traditional IPO.
- The company's valuation has dropped significantly, but it is now better positioned due to the pandemic's impact on office spaces.