Episode 482: Twitter and Meta Layoffs and the Future of Big Tech

Newt's World

Gingrich 360

News, Politics

4.7 • 6.3K Ratings

🗓️ 13 November 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark Zuckerberg, the CEO of Meta, Facebook’s parent company, announced this week that he would be laying of 11,000 employees due to advertising revenue plummeting on the social network. Elon Musk announced he would be laying off 3,700 Twitter employees this week in his new role as CEO of Twitter in an effort to try to restructure the organization.

So, what is the future of Facebook and Twitter and other big tech companies? Newt’s guest is Jessica Melugin, Director of the Center for Technology and Innovation at the Competitive Enterprise Institute.

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Transcript

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0:00.0	Yellowstone, television's number one show returns on Paramount Network.
0:03.8	I John Dudney, who solemnly swear through a poll,
0:06.4	the Constitution of the State of Montana,
0:08.6	against all enemies, foreign and domestic.
0:10.9	Featuring an all-star cast led by Academy Award winner Kevin Costner.
0:13.9	The invasion is over.
0:14.9	They will fight you dirty.
0:16.0	Is there any other way?
0:17.2	As the Dudney family fights to protect their legacy,
0:19.5	they'll learn power has a price.
0:21.2	Sign in as this is a declaration of war.
0:23.2	We're already at war.
0:24.4	Yellowstone returns Sunday at 8 p.m. Eastern for an epic two-hour premiere event
0:28.1	exclusively on Paramount Network.
0:58.1	The New York Times.
1:06.4	On this episode of Newt's World,
1:08.4	Mark Zuckerberg, the CEO of Metta,
1:11.0	Facebook's parent company,
1:12.8	announced this week that he would be laying off 11,000 employees
1:16.7	due to advertising revenue plummeting on the social network.
1:20.8	Elon Musk announced that he'll be laying off
1:23.6	a third of Twitter employees this week
	...

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