Pivot Big Tech Testifies, California v. Amazon, and Patagonia for the Climate
Sep 16, 2022
Tech giants are in the hot seat as TikTok's COO faces tough questions in Congress, raising concerns about corporate transparency. Meanwhile, California's Attorney General takes on Amazon, and Patagonia's founder champions climate action by giving away the company. The discussion also navigates the paradox of a strong job market amidst fears of recession and dives into the amusing issue of 'link rot' affecting digital content ownership. Plus, an unexpected listener question adds a spicy twist to the conversation!
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Patagonia's Earthly Shareholder
- Patagonia's founder, Yvon Chouinard, is giving away his $3 billion company to fight climate change.
- Profits not reinvested in the business will go to a nonprofit, aligning with Patagonia's established brand.
Western Philanthropy
- Wealthy families in Northern Europe and the U.S. often dedicate their fortunes to social good.
- This philanthropic approach is unique to these regions, exemplified by Dr. Bose giving Bose shares to MIT.
TikTok's Testimony Troubles
- TikTok CEO Vanessa Pappas's Senate testimony about data security and ties to China was ineffective.
- Her vague answers and denial of CCP involvement raised concerns, with Josh Hawley criticizing her.
