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The Intelligence from The Economist

Elon-gate: the Musk-Twitter story

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 28 October 2022

⏱️ ? minutes

🧾️ Download transcript

Summary

After months of wrangling, Elon Musk completed his deal to buy Twitter, and immediately sacked several top executives. We ask what’s next for the platform and its users. Organised crime is damaging South Africa’s economy. And our obituaries editor looks back at one of the 20th century’s most daring heists. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

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Transcript

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0:00.0

Hello and welcome to the intelligence from the economist.

0:07.4

In New York, I'm John Fassman.

0:10.6

Every weekday we provide a fresh perspective on the events shaping your world.

0:18.4

Few countries are free of organized crime.

0:21.2

Rackets are easy to run and often hard to eradicate.

0:25.1

But in South Africa, corruption and the withering of state capacity have produced an organized

0:29.9

crime boom that has blighted the country's economy.

0:35.2

And speaking of crime, this sounds like a riddle.

0:38.2

How do you steal a 152 kilogram rock?

0:41.8

Wedged under the coronation chair in Westminster Abbey.

0:45.2

A chain-smoking student has to plan in 1950.

0:49.0

Our obituary's editor tells his story.

0:55.9

Just up though.

1:06.4

The bird is freed.

1:10.2

Those were the words treated by Elon Musk, founder of Tesla and SpaceX, and the world's

1:15.6

richest man as he completed a $44 billion deal by Twitter.

1:21.5

There's a lot of back and forth on the deal.

1:23.6

Today, Twitter is pushing back against Elon Musk's attempt to back out of his deal to buy

1:28.3

the company.

1:29.3

Elon Musk changed his mind about buying Twitter again and is now willing to go ahead with

1:34.9

his take over.

1:36.2

On Thursday, it finally went through and Elon Musk became Twitter's official owner.

...

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