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Bloomberg Tech

Elon Musk Sows Doubt Over Twitter Deal and Crypto's Crazy Week

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 13 May 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang breaks down the latest tweets from Elon Musk, sowing new chaos after claiming the Twitter deal was “temporarily on hold” and then maintaining he is “still committed” to it. Plus, a recap of the week that was in crypto markets. 

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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.

0:23.7

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collide,

0:35.0

in Silicon Valley and beyond, this is Bloomberg Technology

0:41.0

with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomberg Technology coming up in the

0:59.4

next hour. Temporarily on hold. Elon Musk creates chaos with early morning tweets causing confusion over his

1:07.2

deal to buy Twitter.

1:08.8

The company's current CEO speaks up.

1:11.2

We will talk to a founding member of the early Twitter team about

1:14.8

where this chaos is headed. Plus Reed Hoffman joins me for a wide-ranging

1:19.8

conversation about just where this chaotic market cycle is headed and what it all

1:24.0

means for startups. Plus his thoughts on of course Twitter and his former

1:28.4

colleague Elon Musk. And $200 billion wiped off the crypto market since the start of the sell-off.

1:35.8

Just how cold will this crypto winter get and how long will it last?

1:40.4

Well, the back and forth from Musk continuing as we said early Friday he tweets the

1:45.4

Twitter deal is temporarily on hold but as Bloomberg opinions Matt Levine

1:50.5

points out that's not actually a thing. He says Musk signed a binding

1:55.0

contract that doesn't allow him to just walk away even if it turns out that spam

1:59.1

accounts do represent more than 5% of Twitter users.

...

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