Barry Diller on Disney’s Win & Social Media’s Toll on Teens 04/04/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 April 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Disney’s Bob Iger has won his boardroom proxy battle against Nelson Peltz. Media mogul and IAC Chairman Barry Diller weighs in on the evolution of entertainment, including the path forward for Disney, for Paramount Global, and for streamers competing with Netflix. As founder of Fox Broadcasting and former CEO of Paramount, Diller shares his perspective on TikTok, AI, and a four-day workweek. Plus, Snapchat is testing a new feature for subscribed users: rankings in friend orbits. The Wall Street Journal suggests that Snapchat’s newest innovation could make social media’s toll on teen mental health even worse. Tech venture capitalist Bradley Tusk discusses the rising rates of anxiety and depression among young people, and he highlights the need for federal regulation of social media. Barry Diller - 13:14 Bradley Tusk - 33:51 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Disney D'Tant, the House of Mouse wins its boardroom battle.
0:13.3	Bob Eiger does have the chops, he's done this before.
0:16.1	Barry Diller, Media Mogul and IAC chairman on wrapping up the drawn-out proxy fight.
0:21.9	It is a lot of sound and fury signifying nothing.
0:25.5	It's a grand waste of time.
0:27.7	And the evolution of entertainment,
0:29.9	where streaming and scrolling go next.
0:32.4	The idea that China is going to use it
0:35.2	to indoctrinate Americans two interests of China
0:39.1	is, I think, absurd.
0:41.1	Social media, hitting kids hard, anxieties on the rise, and Snapchat testing a new feature
0:46.6	that could just make it worse.
0:48.6	Evan Spiekel, if you're listening, you're a jerk.
0:51.0	Tech investor Bradley Tusk on how big tech just can't help themselves.
0:55.0	Until they actually learn that there is a price to be paid, they will do what the market keep telling
1:01.1	us to do, which is generate more users and more activity and more revenue.
1:05.0	Plus Big Fish versus the Fed and Apple's plan for
1:11.0	in-home robots?
1:12.0	What would your robot do for you?
1:15.0	Pick up clothes, do the laundry.
	...

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