Debating masking in school policies? Or just maybe Twitter and the tech giants or even the US government cant be trusted to pronounce what is fact and truth and what isnt with absolute certainty like theyre God? Land of Confusion. "This has clearly gone from sort of an irrational deal to an insane deal," says NYU professor Scott Galloway, "but he signed a contract.". That makes you more of a danger to society than they are. Value creation via disruption is as much a function of the incumbents as the disruptor. There's never been a car like the Tesla Model S, and if you want a high-performance, luxury EV, your choice is easy and singular. That wipes out the annual carbon savings of 300-plus Teslas. This week on Prof G Markets, Scott shares his thoughts on Elons proposed changes to Twitter so far and explains why enabling paywalled videos like OnlyFans is a good idea. But in Musk's case, the power of celebrity in a social media age, a rising class of retail investors with stimulus funds, and our idolatry of innovators have combined to create a vacuum that may cauterize other naturally forming celestial objects. Nice summary of how I feel about this article. Stay up to date with what you want to know. In a healthy market, resources flow where they'll generate the best return: Workers move to cities with strong job markets, capital flows to companies with robust growth prospects. Only Elon filed the wrong form, and he filed it nearly two weeks late. He has waded into situations even How Elon Musk Became a Geopolitical Chaos Agent appreciated. Lets argue in good faith here Scott. This Saturday at 11:29 p.m. Thank you for making the imminent demise of CNN- into joyous news. You then suggest Elons plan for Twitter is misguided, despite it being broadly more popular with the actual users of twitter. 2022 Cable News Network. Sign up before they close. Its due time for you to spend a few weeks out of your Ivory Tower. Scott, I love you.but as a musician, your use of the word cadence makes little sense? The theory of relativity dictates that massive objects distort the space-time continuum, and light and matter slide toward it. He was a relentless problem solver and taught me valuable lessons I use even to this day. And you want to rant unchallenged yourself, dont you? Fair value provided by IndexArb.com. Elon is about Elon, but editing button, if he gets that, great. Scott Galloway, Marketing Professor at NYU Stern School of Business, joins CNN's Jake Tapper to discuss Elon Musk's recent takeover of Twitter. The texts are between Elon and some of the wealthiest and most influential people in the world, including Larry Ellison, Joe Rogan, Sam Bankman-Fried, Satya Nadella, and Jack Dorsey. And Elon himself signed away his right to buy more when he joined the board. Danh mc Elon Musk mua Twitter ; Scott Galloway, ng ch tr knh podcast cng ngh Pivot v l gio s marketing ti i hc New York, nhn xt. Musk cited a widely discredited website that implied the brutal attack on House Speaker Nancy Pelosi's husband, Paul, was not carried out by an unhinged far-right blogger. Were you implying rhythm, or tempo or groove? Ive served on the boards ofseven public companies. If Twitter is the de facto public square, thats because the site moderates content, not despite its efforts to do so. Show Independent Americans with Paul Rieckhoff, Ep Scott Galloway. Does that mean it won't destabilize the markets and end badly? Access your favorite topics in a personalized feed while you're on the go. Scott Galloways Tweets. Scott Galloway, Marketing Professor at NYU Stern School of Business, joins CNN's Jake Tapper to discuss Elon Musk's recent takeover of Twitter. I think youre right about everything except any confidence that Musk will do anything good for Twitter. We're the richest country in the history of humanity, and we can't garner the political will to fix our bridges, let alone reach for the stars. @profgalloway. Professor Galloway, your business acumen far exceeds mine, but I think you dismiss the importance of the open forum issue, and the comparison with 4chan is a straw-man. Scott Galloway Scott Galloway is an Influencer 1w Report this post "I think it is important to be clear here that *Musk is lying*. I wonder though, re: your early admission of Musks genius are you aware of Musks history with almost all of the major companies with which he is affiliated? Twitter is suing Elon Musk to force him to complete his $45B purchase of the social media platform. Twitter is a cesspool of left-wing information and censorship. The third-richest person in the world currently lives in a tiny flat-pack home in Texas that cost under $60,000. Elon Musk: Savior or Threat? Thats fraud, and while I have increasingly less confidence in the SEC, Congress has recently beefed up its power to seek disgorgement of ill-gotten gains for securities law violations. Sesame Place accused of racism after viral video. Once we idolized astronauts and civil rights leaders who inspired hope and empathy. In the spectacle economy, it's about the show, the now, the short-term hit. Or if not, what hasnt he said? Imagine your email inbox but with no spam filters times 280. As the deadline for Elon Musks Twitter acquisition looms, the billionaire has released a statement to Twitter Advertisers, letting them know why he has chosen to go through so much trouble to take over the social media company. Tesla and SpaceX CEO Elon Musk has reached a deal to buy Twitter for $44 billion. Meaning hed been obligated to disclose his stake back on March 24. I continue reading because I have found golden nuggets of information countless times. Scott is shilling for the imploding CNN+ and its Karen audience, he is not capable of nuanced conversations outside of his ivory tower. Pop quiz: Name somebody else who works at Tesla, SpaceX, or The Boring Company. Musk may oversimplify the free speech issue himself, but free speech is NOT just a protection from government limits on speech. Galloway pointed to 100% yes. Your content is good when you dont shove your political agenda down peoples throats. Ill keep listening/reading/watching but your opinions on the above two items are often poorly considered and I dont feel it is possible for you to be objective or clear headed. I cant believe you use spam as a actual example of the type of speech being debated. His antics and wealth make him a human poison pill neither a financial buyer nor a strategic acquirer wants to deal with the chaos and unpredictable behavior he brings. Your effort and contribution in providing this feedback is much This article reminded me of the old joke about the two main newspapers in the former Soviet Union that there is no truth in Pravda and no news in Izvestia. All rights reserved. Must has not called for a Wild West version of Twitter and I think you know that. But the republicans have unhealthy obsessions? He filed the form for passive investors and if youve been talking to the CEO for the past few weeks about joining the board and changing the product, you are not a passive investor. Elon Musk speaks during an interview with head of TED Chris Anderson (out of frame) at the TED2022: A New Era conference in Vancouver, Canada, April 14, 2022. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Twitter defines the term subscale in a digital landscape where three giants command 80 of the digital dollar: Google, Meta, and Amazon. Why It Matters: The Galloway-Musk episode took place after Musk held an online poll, asking his Twitter followers whether he should sell 10% of his company holdings. Galloway pointed to comments by Musk at the Code Conference, where according to the orator, Musk said his tax rate was 53%. Your concept of freedom is an adolescent fantasy. Hence he is a child. ET, we'll witness the latest manifestation of market failure. Maybe. Scott Galloway is a bestselling author and professor of marketing at NYU Stern. On the contrary, they militate for reasonable moderation. Is he the best person to build those things? Here's why Scott Galloway doesn't think Elon Musk will allow Trump back on Twitter. Its also pretty clear these platforms have biases and these biases have expedited the eroded trust people have in one another, institutions, etc. appreciated. The coronation will take place before a live studio audience, with Tesla long bots and adoring CNBC personalities shaming anybody who doesn't surrender to the narrative. Plus, @matthewstoller joins with reasons to be optimistic about the fight against corporate monopolies. And theSwedes. What I love about the analysis of Scott Galloway is that it starts from the premise that ego is at the heart of corporate decision making. Mr. Musk can even move marketsaccidentally. Corporate governance is out of fashion in an era of dual-class public stock and a dangerous diminution of government. Show Notes: The rest of us would be left with a Musk-flavored Twitter, which would look similar to the replies to his announcement: a septic tank of crypto scams, far-right blather, and screeching wokeism. Must schools tell parents their child is transitioning? As Zuckerberg s Libra cryptocurrency was still-born due to his and Sheryl Sandbergs lack of trust, perhaps Twitter can create its own currency. RT @PivotPod: . have quickly become a modern town square, utility, whatever word you want ubiquitous to our public discord. New Twitter has no obligation to conform to the leftists principles of its failing current state. Twitter was dramatically undervalued and should be better. So theres that. In practice, Elons interest in free speech has been mostly about intimidating journalists who wouldnt be stenographers for his unfounded claims. The risk is that his takerism, constant punching down, and cold take on the First Amendment could push Twitter further off course. Your effort and contribution in providing this feedback is much Tng tha nhn tr qu nhiu tin cho Twitter, gi Elon Musk phi chng minh ng quyt nh ng khi thu tm mng x hi. It was just a matter of optics and cadence to make it appear as if it was his idea ego still drives the majority of decisions around corporate governance. Elon is the most brilliant product engineer of this, and likely the last, century. "I believe that cryptocurrency traders are looking for role models and validation," Ante told us when we asked him about his research. Minimally though, would like to see a dislike button/click. Healthy markets don't take cues from the tweets of one man. Elon Musk personally recruited me to work at SpaceX when it was starting up. That is not acceptable. Musk must keep capital and talent flowing into these enterprises while distracting us from anything regarding fundamental analysis (P/E ratios) or sobriety (it's a car company). I'm especially proud of the last sentence. I do applaud someone like Elon who will engage with a Joe Rogan instead of canceling him for saying something the hive disagrees with. But our idolatry of innovators and the algorithmic media ecosystem have distorted the allocation platform. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. 01:35 - Source: CNN Media 16 videos That is why he is a train wreck socially, he has no mores basically he has no idea what EQ is. The reach is a function of Elons 80.9 million PR agents (i.e., his Twitter followers). Top editors give you the stories you want delivered right to your inbox each weekday. None of this is by accident. When that occurs political viewpoints always override an open platform. False stories on Twitter are 70% more likely to be retweeted than true ones and spread six times faster. The main complaint of conservatives and people on the right is that Twitter and other tech companies make up arbitrary rules then DONT ENFORCE IT TO BOTH SIDES EQUALLY. The "SNL" appearance, Dogecoin tweets, Elvish-letter-named kids, tickling of our senses with 420 references and suggestive emojis: It's David Copperfield, plus 60 IQ points. Tesla, his flagship business, now has a market cap larger than the auto and airline industries. 2. Most stock quote data provided by BATS. Assuming a linear relationship (a convenient if aggressive assumption), for every $1 that Musk's pump has increased the price of bitcoin for one year, miners expel another 1,000 tons of carbon. Twitter is suing Elon Musk to force him to complete his $45B purchase of the social media platform. Your own plan as outlined on Pivot meanwhile is basically hello popular person, that is a nice Twitter following you have there, would be a shame if anything happened to it. Please take a step back when entering the above topics, particularly the proper scope and power of the government and think more objectively. One in five US households with children is food insecure, and we have a man telling his 53 million acolytes to purchase a digital currency so he can sell it at a profit to pad the earnings of a company that's worth more than automakers producing 60 times the vehicles. While 4chan can be vulgar and repetitive Ive seen some absolutely brilliant posts, memes and jokes that would not be allowed on Twitter or any other mainstream social networks which is exactly its appeal and free speech at work. That said, Galloway points directly to celebrity on the Musk balance sheet across all of his companies. If there is a glitch in the matrix, it's us. Two braggart douchebags going at it. - Oct 13, 2022 US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Had he disclosed his shares properly on March 24, TWTR would have shot up 25% then, instead of on April 4, and the shares he bought subsequently would have garnered selling shareholders approximately $150 million more. I wonder if Professor Tim Wu or Senator Amy Klobuchar visits the Night King in his dreams? Very few lonely young men are dangerous, but your bigotry and stereotyping will lead to all of them being treated terribly. Excellent way to explain to all who knew it would be a problem for Twitter to have Elon on its board (and as a largest shareholder) but did not know how to express it in words. SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, California, US, on June 13, 2019. That's the auto industry since the Model S arrived in 2012. The relentless focus with which he drums creditable founders out of both the companies themselves and the narratives surrounding their foundation? US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. 155. You did it exquisitely. channel here: https://bit.ly/2EMIkTJSubscribe to our daily newsletter to find out who's on each night: http://www.pbs.org/wnet/amanpour-and-company/newsletter/For more from Amanpour and Company, including full episodes, click here: https://to.pbs.org/2NBFpjfLike Amanpour and Company on Facebook: https://bit.ly/2HNx3EFFollow Amanpour and Company on Twitter: https://bit.ly/2HLpjTIWatch Amanpour and Company weekdays on PBS (check local listings).Amanpour and Company features wide-ranging, in-depth conversations with global thought leaders and cultural influencers on the issues and trends impacting the world each day, from politics, business and technology to arts, science and sports. In the week leading up to Musk's "SNL" appearance, and following his tweet claiming to be The Dogefather, Dogecoin briefly reached $85 billion in market cap, more than Moderna or Airbus. The innovation gap is closing. (Yes, miners use a lot of renewable sources and may catalyze greater renewables investment but does that compensate for incremental electricity demand rivaling that of Argentina?) But Twitter is 2 for 2 in recent months, showing Jack the door and putting a large shareholder on the board. Users who want that content can find it elsewhere, such as 4chan, or Truth Social (not really DOA). On May 2, we got a glimpse into a post-Tesla future when theNew York Timesran anarticletitled: "Mercedes EQS Electric Sedan: The S Stands for Stunning." I do give them credit for one thing in a departure from 3 decades of fake, phony, BS corporate blather marketing masking outrageous private behaviors and positions, these folks are largely open and transparent about what they stand for. It coordinated with Democrat power brokers to censor the Hunter Biden laptop story and amplify Russigate. Are Democrats losing their demographic edge? But bitcoin mining generates a lot of carbon, too: Current estimates put it at around53 million tons of carbon production per year. A Warner Bros. Elon resembles a child only in his imagination to improve the world in a meaningful/tangible way and you are behaving like an adult infantile who cannot accept a conflicting point of view from anyone. In April, Musk entered an agreement to purchase the social media giant and take it private at $54.20 per share. Scott Galloway, Marketing Professor at NYU Stern School of Business, joins CNN's Jake Tapper to discuss Elon Musk's recent takeover of Twitter. New York University Professor Scott Galloway says that Kanye West, Donald Trump and Elon Musk's quest to purchase social media platforms is driven by their personal desire to say whatever they want without consequence no matter the content. He has waded into situations How Elon Musk Became a Geopolitical Chaos Agent And I am free to choose to despise them for it. Thats the idea behind Bluesky, which Twitter created and funds. Elon Musk. Musk and members of his inner circle texted multiple times about the idea of adding digital payments to Twitter, according to messages released in the discovery phase of litigation between Musk and the social media company. Corporate profits are more than double the percentage of employee compensation, while Jeff Bezos and Elon Musks space adventures occupy far more eyeballs on the TV news than the far more significant climate crisis. We've developed a suite of premium Outlook features for people with advanced email and calendar needs. Even if any of this is true, its not about free speech, its just your preferences dont align with Twitters. Some prescient points about the value of moderation on Twitter. By subscribing, you agree to receive emails from Scott Galloway and his edtech startup, Section4. Elon Musk is now the most influential individual in the world so influential, he can distort the modern world's premier platform, our free market system. Market holidays and trading hours provided by Copp Clark Limited. There is a clear movement afoot from various members of the PayPal mafia Thiel, Sacks, Musk, among others to advance this notion of winner-takes-all as the defining public policy posture of out time. The company flounders in a cesspool of ad-supported media, sacrificing quality for attention in the pursuit of profits it will never realize. A $150 million fine is buying an extra charger. An unfettered forum is not free, its an invitation to mob rule. Why do people like you start thinking about children and sex anytime someone says something that may have even a remote connection to sex. Galloway: Musk and Kanye want 'me speech', not free speech. His solution was a website where people could vote up or down on journalists, where the magic of crowds would fix media. For example the argument you have written here: you open by saying he did what you wanted to do but beat you to it, then cobble together a poorly reasoned argument that he will lose interest based on crypto when any objective person viewing the arc of Elons career and investments can find many examples of what might be best described as single-minded even myopic focus and a willingness to bet everything if he is committed see 4th spacex launch, 2008 and 2018 Tesla. Is Mr. Musk a net positive for society? Elon musk is influential in the same way Warren Buffett is. He is a genius (see above: rocket shipslanding on a pad floating in the ocean). He has called for a version of Twitter where competing voices can be heard. Twitter is suing Elon Musk to force him to complete his $ 45B of! 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