BREAKDOWN: Would a Private Twitter Owned by Elon Musk Be Better for Free Speech?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 April 2022
⏱️ 22 minutes
🧾️ Download transcript
Summary
The Tesla billionaire has made a $40B+ offer to buy the company.
This episode is sponsored by Nexo.io, Arculus and FTX US.
The Elon Musk-Twitter saga continues! Today, Musk announced an offer to buy 100% of Twitter at $54.20 a share, saying that it was important for free speech and the company needed to be taken private to undergo necessary changes. NLW explores reactions to the announcement, from those who think a Twitter under Musk would be a huge boon to free speech to those who just aren’t buying 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. Jared Schwartz 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: Win McNamee/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:08.3 | It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world. |
| 0:15.0 | The Breakdown is sponsored by Nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk. |
| 0:34.0 | What's going on, guys? It is Thursday, April 14th, and today we are talking about, yes, Elon Musk's offer to buy 100% of Twitter. |
| 0:40.5 | Is this free speech, just plain old capitalism, or something else entirely? Before we get into that, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a |
| 0:44.3 | review, or if you want to dig deeper into the conversation, come join the 2,000 plus awesome other |
| 0:50.7 | people on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. Also, a disclosure as always, in addition to them being a sponsor |
| 1:00.3 | of the show, I also work with FTX. Finally, one quick bit of housekeeping. Tomorrow is a holiday |
| 1:06.8 | for CoinDesk. It's good Friday. Happy Easter to those of you who celebrate. And so there won't be a show, |
| 1:12.4 | but we will be back on Saturday, Sunday, and then as normal. All right, so you may be saying, |
| 1:17.8 | oh no, not another show about Elon. However, if the breakdown really is about big picture power |
| 1:24.1 | shifts, well, we just have to dig into this one. This involves big tech, free speech, |
| 1:30.0 | censorship, markets, even potentially, some amount of crypto and web three. And frankly, as much as I |
| 1:35.8 | didn't necessarily plan another Elon show, as I started digging into this, I ended up finding |
| 1:40.7 | the questions that were being raised much more interesting than I might have otherwise thought. |
| 1:44.6 | So let's start with the spectrum of opinion on Elon Musk, which is truly all over the place. |
| 1:50.8 | Some see him as genuinely the incarnation of late stage capitalism, the richest man in the world |
| 1:57.2 | and a dystopic billionaire incarnate who should not exist. |
| 2:02.8 | Others don't mind his money, |
| 2:08.3 | but see him as somehow upsetting the apple cart of the rules of propriety in financial markets. |
| 2:14.5 | Others love that lack of propriety and these say whatever attitude, even if Elon's never made them a dime. |
| 2:17.9 | Then, of course, there are the folks who he's made lots of dimes, |
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