Andrew Ross Sorkin on Meme Stocks, Bitcoin, SPACs, and Elon Musk

Big Technology Podcast

Alex Kantrowitz

Technology, Religion & Spirituality, Business News, Business, Religion, Science, Philosophy, Society & Culture, Entrepreneurship, Management, Marketing, Politics, News Commentary, Government, Investing, Tech News, Social Sciences, News

4.6 • 395 Ratings

🗓️ 16 June 2021

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andrew Ross Sorkin is the co-anchor of Squawk Box on CNBC, founder and editor of Dealbook at the New York Times, and the author of Too Big To Fail. He joins Big Technology Podcast to discuss the wild state of the market, the rise of meme stocks, the promise and drawbacks of bitcoin, SPACs, Big Tech antitrust, Elon Musk, and when the party will come to an end. Tune in for a wide-ranging interview about the world's most pressing financial and tech issues. Buy Andrew's book: https://amzn.to/3zFPTXp The Michael Lewis article Andrew references: https://www.nytimes.com/2001/02/25/magazine/jonathan-lebed-s-extracurricular-activities.html?referringSource=articleShare

Transcript

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0:00.0	Hey, I'm Michael Kovnet, host of The Next Big Idea Daily. The show is a masterclass in better living from some of the smartest writers around. Every morning, Monday through Friday, we'll serve up a quick 10-minute lesson on how to strengthen your relationships, supercharge your creativity, boost your productivity, and more. Follow the next big idea daily wherever you get your podcasts.
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0:50.1	Hello and welcome to the big technology podcast, a show for cool-headed, nuanced conversation
0:54.4	of the tech world and beyond. We are ready to talk meme stocks, Spacks, Bitcoin, and all that
1:00.6	jazz. Because our guest today is Andrew Ross Zorkin. He's the co-anchor of Squackbox on CNBC,
1:06.5	the founder and editor of Deal Book at the New York Times and the author of Too Big to Fail,
1:11.0	which might have some good lessons for our time today. He's the perfect person to help us make
1:15.0	sense of this moment. Andrew, welcome to the show. Thank you for having me. I am a long-time
1:21.5	fan and listener first time on the show. So thank you. It's great to have you on and the feelings are mutual for
1:28.4	sure um so i'd love to start open-ended um just talking about the economy in general so it seems to me
1:35.6	right now that the market is crazy and you watch this stuff every day um and it seems totally absurd
1:40.6	so what's your sense of you know the market's rationality or lack thereof
1:45.3	right now? What's happening here? Okay. So, well, we have to break apart what we're describing
1:50.9	as the market for a second. You know, I was going to start telling you, like, I'm here to
1:55.4	deliver a message on behalf of the meme stockers, but like this. Okay. Okay. So wait for the
2:00.5	second. But you just said it. There's one part of the market that is this meme stockers. But like this. Okay. Okay. So wait for the second.
2:01.9	But you just said it.
2:08.7	There's one part of the market that is this meme stock driven explosion.
2:12.1	And that is something I think unto itself.
	...

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