Prof G Markets LA Fires, Trump Trades, TikTok, and Legacy Media’s Fate — ft. Andrew Ross Sorkin
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Jan 16, 2025 
In this discussion, Andrew Ross Sorkin, Editor-at-large of DealBook at The New York Times and co-anchor of CNBC's Squawk Box, shares his insights on pivotal economic trends shaping Trump's potential second term. He highlights challenges in the private equity sector and the murky waters of AI valuations. The conversation shifts to the rumors of TikTok's sale to Elon Musk and the urgent need for media to regain public trust in a social media era that thrives on sensationalism. Sorkin delivers sharp commentary on what’s at stake for legacy media.
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Kalshi and Don Jr.
- Donald Trump Jr.'s appointment to Kalshi's board is not unusual, reflecting the kleptocracy.
- Similar appointments to other companies have resulted in stock surges, highlighting the trend of leveraging political connections for financial gain.
Tipping Tech Backlash
- Digital tipping platforms, intended to simplify tipping, have increased resentment towards it.
- This has led to a decline in tipping, highlighting unintended consequences of technology.
LA Wildfires Aftermath
- The LA wildfires raise questions about insurance, climate change, and government responsibility.
- Galloway argues against taxpayer bailouts for those living in fire-prone areas.
