Ben Mezrich, bestselling author and screenwriter, discusses the GameStop frenzy and his book Breaking Twitter. Topics include the power of internet culture, the impact of social networking platforms, Elon Musk's role, AI training using Twitter data, and the potential dangers and benefits of AI.
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Quick takeaways
The rise of cryptocurrencies is part of a societal shift away from debt-based systems and towards equity-based cultures.
The erosion of trust in societal systems has led to movements like Occupy Wall Street and growing unhappiness among millennials.
The power of social media platforms like Twitter and Reddit allows regular people to challenge traditional power structures and shape the future.
Deep dives
The Shift in 2008 and the Rise of Cryptocurrencies
The podcast explores the dramatic shift that occurred in 2008, leading to a massively indebted society. This event had a profound impact on people's lives and changed our understanding of how economies work. The rise of cryptocurrencies is seen as part of a larger societal change away from debt-based systems and towards more equity-based cultures.
The Erosion of Trust and Rise of Anger
The podcast discusses the erosion of trust in societal systems, starting with events like Occupy Wall Street and the 2008 financial crisis. People felt let down by the system, realizing that experts couldn't be trusted and they were on their own. This anger and dissatisfaction have continued to spread, leading to movements like the Indignados in Spain and growing unhappiness among millennials due to stagnant wages and unaffordable assets.
The GameStop Revolution and the Power of Social Media
The podcast delves into the GameStop phenomenon and its broader implications. It highlights the power of social media platforms like Twitter and Reddit, where regular people can gather, coalesce around ideas, and challenge traditional power structures. The rise of community-driven movements, fueled by anger and a desire for change, is seen as a significant force shaping the future.
The Impact of Elon Musk's Leadership at Twitter
The podcast explores Elon Musk's involvement with Twitter and how it has influenced the platform. Musk's initial vision of creating a global town hall for free speech clashes with the complexities and challenges of moderating an online community. The story of Twitter under Musk's leadership is portrayed as a tumultuous journey, marked by spiraling decisions, controversies, and the pursuit of elusive ideals.
The Advent of AI and Its Implications for Society
The podcast touches upon the advent of AI and its potential impact on society. The discussion revolves around the excitement and fear surrounding AI's capabilities, from curing diseases to choosing our political leaders. The ethical and societal implications of AI's growing influence are explored, highlighting the need for careful consideration and responsible use of this transformative technology.
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Ben Mezrich is back to discuss the GameStop market frenzy and tell us all about his latest book
We have a special one for you today... Ben Mezrich, the New York Times bestselling author and screenwriter, returns to share stories from his time researching the GameStop meme stock craze and tell us his newest book, Breaking Twitter. Ben and Raoul dive into how internet culture is revolutionizing economic power and why buying Twitter ultimately “broke” Elon Musk. Recorded on November 2, 2023.
And don’t forget to check out the Exponentialist — a new research service from Raoul Pal and David Mattin detailing how exponential technologies are reshaping our world… and what that means for investors: https://www.realvision.com/thefuture
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