Pivot The Billionaire Tax Bites the Dust, Big Tech’s Q3, and Tesla’s Worth a Trillion
Oct 29, 2021
A proposed billionaire tax stirs debate on wealth inequality, facing significant political hurdles. Big Tech shines in Q3, particularly Alphabet, thanks to soaring digital ad spending. Insightful discussions unfold around the rebranding of Facebook and fresh takes on children's online privacy. Tesla's value skyrockets to a trillion, showcasing its booming status. Amidst this, the role of fintech and consumer trust emerges as pivotal in disrupting traditional finance, all while Scott shares predictions for Time's Person of the Year.
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Los Angeles Adventures
- Scott Galloway recounts his Los Angeles experiences, from meeting a startup founder to a model-turned-aspiring-writer.
- He humorously advises against the model's writing aspirations, enjoying the L.A. atmosphere.
Facebook's Name Change
- Facebook's potential name change is discussed, with suggestions ranging from "Meta" to "Skynet".
- Kara Swisher suggests "Death" and "COVID-19", reflecting public sentiment towards the company.
Social Media's Impact on Children
- Congressional testimony from YouTube, Snap, and TikTok highlights concerns over data collection, especially from children.
- Scott Galloway and Kara Swisher express deep concern over the long-term effects of social media on kids.