BREAKDOWN: Is Elon's 9.2% Stake in Twitter a Web 3 Play?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 4 April 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
Elon Musk’s $3 billion bet has many speculating about who might be unbanned.
This episode is sponsored by Nexo.io, Arculus and FTX US.
Elon Musk has been talking about Twitter a lot lately. He did a poll asking whether it should make its algorithm open source (80% said “yes”). Another poll asked if Twitter lived up to the principles of free speech, and over 70% of more than 2 million respondents said no. With the announcement today that Musk had purchased a 9.2% stake in Twitter (more than 4x the 2.25% stake of co-founder and former CEO Jack Dorsey), everyone is speculating about what he might do about it.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Christian Marquardt/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:53.8 | Welcome back to The Breakdown with me, NLW. |
| 0:58.8 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:04.7 | The breakdown is sponsored by nexus.io, Arculus, and FtX, and produced and distributed by CoinDesk. |
| 1:12.4 | What's going on, guys? It is Monday, April 4th, and today we are talking about Elon Musk, |
| 1:20.7 | taking a 9.2% stake in Twitter and why it is in some ways his version of a Web3 play. |
| 1:29.7 | Before we get into that, however, if you were enjoying the breakdown, please go subscribe |
| 1:33.6 | to it, give it a rating, give it a review, and if you want to get deeper into the conversation, |
| 1:38.6 | come join us on the Breakers Discord. |
| 1:40.7 | It's where we talk about things like Elon Musk buying a big share of Twitter. |
| 1:45.9 | You can find a link in the show notes or go to bit.com slash breakdown pod. |
| 1:50.1 | Also, a disclosure as always. In addition to them being a sponsor of the show, I also work with |
| 1:55.4 | FTX. All right, so some pretty interesting news today. |
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