The Prof G Pod with Scott Galloway State of Play: Inflation, Twitter, and Story Stocks
Jan 28, 2021
Neil Irwin, a senior economic correspondent at The New York Times, dives into the economic lessons from the Trump era and the realities of inflation. He critiques Twitter's faltering leadership and proposes a new business model while discussing the challenges faced by the platform. The chat also covers the volatile world of Bitcoin and its evolving role as an asset. Lastly, Irwin explores the rise of story stocks, highlighting the shift from traditional valuation metrics to narrative-driven investments, and shares insights on positioning for success in a changing economy.
AI Snips
Chapters
Books
Transcript
Episode notes
Twitter's Performance and Business Model
- Twitter's anemic growth and lack of innovation are highlighted, comparing its stock performance to Facebook's 700% growth.
- Scott Galloway criticizes Twitter's business model for profiting from rage and misinformation, impacting shareholder value.
Recommendations for Twitter
- Galloway suggests Twitter adopt a subscription model, prioritize stakeholder value, and focus on interest-based algorithms rather than rage.
- He emphasizes the need for product innovation and vertical content integration.
Trump's Impact on Twitter Stock
- Galloway notes that Trump's behavior on Twitter influenced the stock's performance, with a 210% rise during his term, declining after his ban.
- He links this to Twitter's ad-based model, fostering misinformation.
