Elon Musk to Join Twitter’s Board, WarnerMedia CEO Jason Kilar on Decision to Step Down & Amazon’s Plans for Satellite-Based Internet Service 4/5/22

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 5 April 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Craft Ventures General Partner David Sacks discussing Twitter appointing Elon Musk to its board of directors and opportunities in the fintech space. Then, CNBC’s Kristina Partsinevelos reports on chipmaker Analog Devices’ investor day, and Citi Senior Tech Analyst Jim Suva weighs in on tech hardware providers and concerns over softening demand affecting investors. Next, our Julia Boorstin sits down with WarnerMedia CEO Jason Kilar for an exclusive interview on his plans to step down as head of the entertainment giant. CNBC’s Morgan Brennan also covers Amazon’s plans to launch satellite-based broadband internet service, and our Jon Fortt shares highlights from his interview with IBM Senior Vice President and Director of Research Darío Gil. Later, CNBC’s Steve Kovach breaks down gaming company Roblox CEO David Baszucki receiving a $233 million pay package in 2021. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Tech.
0:03.5	Our show is live weekdays at 11am Eastern. Listen in.
0:28.5	Good. Good Tuesday morning. Welcome to Tech Check. I'm Carl Cantonia with John Fort and Dear Dr. Bosa.
0:33.5	Today we're going to keep our eyes on the UN on the heels of that speech from President Zelensky a few moments ago.
0:38.5	We will touch on Elon Musk. Can he add Twitter, he's added Twitter board member to his resume. We'll try and define the word passive here. Wells says shop for payments will discuss
0:43.3	their calls on block, PayPal, and others. And then Amazon launching rockets and taking on Starlink,
0:49.2	why they're spending $10 billion in Space D. We're going to start today's feed with Twitter announcing this morning that Elon Musk is joining
0:56.7	the board after he bought a more than 9% stake in the company to become its biggest shareholder
1:01.3	Musk saying he's planning, quote, significant improvements in the months ahead.
1:04.9	And that is despite that filing yesterday, saying this was a passive position.
1:09.1	So what is next for Twitter and content moderation?
1:12.0	Our next guest has been an outspoken critic of censorship across big tech.
1:17.6	Joining us now, Kraft Ventures, co-founder and general partner, David Sachs. He's also the former
1:22.1	CEO of PayPal. David, good morning to you. It's great to have you. Good morning. Good to be with you.
1:27.9	So let's start with what Elon Musk could do at Twitter. How could he reinvent Twitter, along with Dorsey and the current CEO, with sort of true decentralized open source technology?
1:39.2	Do you think that that's what he has in mind? And how might that change or even eliminate content moderation by the company itself?
1:46.8	I don't think what's needed here is really a technological fix. I think what's needed here is a
1:51.1	change in policy. I mean, the fact of the matter is that about a decade ago, you had the then
1:55.9	CEO of Twitter, Dick Costello, say we are the free speech wing of the free speech party. That is
2:00.5	how Twitter historically thought about their role in the free speech wing of the free speech party. That is how Twitter
2:01.0	historically thought about their role in the free marketplace of ideas. Fast forward to today,
2:06.1	what is Parag said? Parag has said Twitter is not to be bound by the First Amendment. They have
	...

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