Tech Brew Ride Home Wed. 11/06 – The Tech Angle To Election Day
Nov 6, 2024
The discussion kicks off with the intriguing role of cryptocurrency and prediction markets in influencing election outcomes, presenting a fresh angle on political forecasting. Regulatory battles unfold as the EU gears up to fine Apple and probes Corning for competitive practices. Meanwhile, Mozilla faces significant staff layoffs amidst shifting tech landscapes. Finally, the podcast transitions to the evolution of warfare, revealing how AI and drones are redefining military strategies towards precision over mass force.
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Market Reactions to Election Results
- Trump Media and Technology Group's stock jumped over 35%, exceeding a $7 billion market cap.
- Elon Musk's bet on Trump seemingly paid off as Tesla's stock rose over 10% after Trump's victory.
Prediction Markets Vindication
- Blockchain-based prediction markets like Polymarket accurately predicted Trump's win.
- This contrasts with mainstream media polls that favored Harris or deemed the race too close to call.
EU to Fine Apple Again
- EU regulators plan to fine Apple under the DMA for not allowing developers to direct users to external cheaper deals.
- This follows a prior €1.8 billion fine related to Spotify and antitrust concerns.
