Is Elon's 9.2% Stake in Twitter a Web 3 Play?

Apr 5, 2022

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Introduction

00:00 • 2min

Elon's Twitter Investment Has Been a Successful Investment

02:13 • 5min

The Twitter Algorithm Should Be Open Source

06:58 • 4min

The Difference Between Money Crypto and Te Crypto

11:11 • 2min

Elon Tweeded, Web Three?

13:11 • 5min

This episode is sponsored by Nexo.io, Arculus and FTX US.

Elon Musk has been talking about Twitter a lot lately. He did a poll asking whether it should make its algorithm open source (80% said “yes”). Another poll asked if Twitter lived up to the principles of free speech, and over 70% of more than 2 million respondents said no. With the announcement today that Musk had purchased a 9.2% stake in Twitter (more than 4x the 2.25% stake of co-founder and former CEO Jack Dorsey), everyone is speculating about what he might do about it.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Rob Mitchell and Eleanor Pahl, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Christian Marquardt/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.