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The Intelligence from The Economist

A bird out of hand: Elon Musk and Twitter

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 14 July 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Elon Musk wants out of his deal to buy Twitter for $44bn. Twitter wants the Delaware chancery court to hold him to the deal. But the company faces an uncertain future, whoever owns it. Why the pandemic has been great for sellers of traditional herbal medicine. And looking back on a video game that let users create art, music and animation, with the help of a little barking puppy. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

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Transcript

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0:00.0

Hello and welcome to the Intelligence from the Economist.

0:07.0

In our South London bureau, I'm Jason Palmer.

0:09.8

And in London, I'm John Fassman.

0:12.7

Every weekday we provide a fresh perspective on the events shaping your world.

0:17.8

In the early days of the pandemic, people looked to all kinds of alternative therapies.

0:23.0

In particular, Chinese traditional medicine.

0:25.8

And lined up well with what the Chinese state has long wanted, a big export market.

0:31.4

The numbers are in and it's working.

0:35.8

And in most video games, the aim is survival or victory.

0:40.6

We look back on one game released 30 years ago that let users create art, music and animation,

0:48.0

all with the help of a little barking puppy.

0:55.8

But first, Twitter is taking on the world's richest man, Elon Musk, in a very public battle.

1:09.9

The social network is suing Mr. Musk in the hope of forcing him to buy the company at the

1:13.8

price he agreed earlier this year.

1:16.8

At first, Mr. Musk seemed enthusiastic about owning Twitter.

1:20.7

When an interview at the TED conference in April, he called it the De facto town square and

1:25.9

said it was important to freedom and democracy.

1:29.1

He argued that it should be more transparent about its rules and more protective of free

1:33.6

speech.

1:34.6

My strong, intuitive sense is that having a public platform that is maximally trusted

1:42.9

and broadly inclusive is extremely important to the future of civilization.

1:49.0

Now he's trying to pull out of the $44 billion deal, claiming that Twitter made inaccurate

...

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