PBD Podcast Elon Musk vs Mark Cuban, China Invading Taiwan, the Return of ISIS | PBD Podcast | Ep. 346
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Jan 5, 2024 The hosts dive into the dramatic 71.5% drop in Elon Musk's platform, X, sparking discussions about its future. A heated debate unfolds between Musk and Mark Cuban over DEI initiatives, while small business owners report significant income losses. Predictions about mortgage rates staying above 6% loom, impacting housing affordability. The podcast also touches on rising geopolitical concerns regarding a potential Chinese invasion of Taiwan, alongside critiques of educational policies and contemporary courses at Harvard, blending humor and serious insights.
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X's Value Drop
- Elon Musk's X (formerly Twitter) has lost 71.5% of its value since he bought it.
- Fidelity, a shareholder, estimates its current value at $12.5B, down from $44B.
Musk's Long-Term Vision
- Elon Musk anticipated X's value drop; he's focused on building long-term value.
- He's improving functionality and adding features, like micro-subscriptions, amidst current challenges.
Short-Term Disaster, Long-Term Vision
- Short-term, X's value drop is a disaster; long-term, Musk is a visionary builder.
- Meta's rebound after a name change is a precedent, but their business model remained stable, unlike X.