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Bloomberg Tech

Disney's Bob Iger and Coinbase Hits Record Low

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 22 November 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down the latest after the announcement that Bob Iger will return as Disney CEO. Plus, why Coinbase hit a record low, more on the FTX probe, and how tech layoffs are impacting non-US citizens.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore. I'm Caroline Hyde at in Bloomberg's world headquarters in New York.

0:45.8

And I'm Ed Ludlow in San Francisco.

0:48.0

This is Bloomberg Technology.

0:50.0

Bob Iger's return as Disney CEO comes as the company deals with challenges both internal and external.

0:55.6

Ahead, the biggest priority is for the comeback king of content.

0:59.2

And Genesis is warning of a bankruptcy without new funding as coin base hits a record low.

1:04.8

The entire industry faces a liquidity crunch and we've learned US prosecutors opened a

1:10.3

probe of FTX months before its collapse.

1:13.8

Plus we'll break down how tech layoffs create a wave of issues for

1:17.4

non-U.S. citizens that worked for Silicon Valley Giants.

1:21.6

But first and foremost, let's get to the breaking news as Bloomberg's reporting the digital

1:24.6

asset brokerage, as you just said, Genesis, struggling to raise fresh cash for a lending unit

1:29.4

and is warning potential investors that it may, we say, may need to file for bankruptcy if its

1:35.2

efforts fail.

1:36.2

So all according to sources and Shannali Basak is here because she was indeed one of

1:39.5

the bylines on the story, one of the key reporters and Shannale talked to us thus far

1:43.5

Genesis coming back and saying look this isn't imminent but they have been trying to

1:47.1

raise funds for some while now right they have been trying to raise funds for

...

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