Facebook, at a Crossroads: Early Investor Reid Hoffman

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 25 October 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

As Facebook combats leaked internal documents and growing concerns from users and lawmakers alike, early investor and LinkedIn co-founder Reid Hoffman retains hope that the platform will deliver on its potential to do more good than harm. In a wide-ranging interview, Hoffman discusses Apple’s privacy changes and technology’s potential to streamline a struggling supply chain. House Speaker Nancy Pelosi says Democrats are close to finalizing an agreement on the social safety net plan that would allow for the bipartisan infrastructure bill to move forward. CNBC’s Ylan Mui reports on the agreement. Also on the Hill, Democrats are taking aim at billionaires and their unrealized capital gains with a new wealth-tax plan. Plus, CNBC’s Eamon Javers reports that Microsoft says it’s identified another wave of cyber attacks by the Russian intelligence service, similar to last year’s devastating SolarWinds hack. In this episode: Reid Hoffman, @reidhoffman Ylan Mui, @ylanmui Eamon Javers, @EamonJavers Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm C NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Facebook at a crossroads, one of its earliest investors is holding out hope that it'll do more
0:14.9	good than harm.
0:16.1	LinkedIn co-founder Reed Hoffman.
0:17.8	You know I have confidence that the company is a learning company.
0:20.3	There seems to be a bunch of data that you're ignoring some internal reports, but we also think you're probably doing things and you now need to be more transparent about what you're doing.
0:28.0	Billionaires look out, Democrats are coming for you, and others might be getting on board.
0:34.7	I've never said don't tax billionaires. I kind of want to do it.
0:37.9	Those stories plus Jack Dorsey's two cents on inflation and nation state hacks ramping up
0:43.8	CNB.
0:44.8	AMB. A. Microsoft says the Russians have done the same amount of hacking in three months here
0:50.5	that all other nation state hackers did in the previous three years.
0:55.0	It's Monday, October 25, 2021.
0:58.0	Squackpot begins right now.
1:00.0	Stand under by in three, two, one, Q, Andrew.
1:05.0	Good morning and welcome to Squad Box right here on
1:07.1	on C NBC.
1:08.0	I'm Andrew R. Sorkin, along with Joe Curtain.
1:09.8	Becky is off right now.
	...

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