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Tech Brew Ride Home

Fri. 10/28 – It Actually Happened

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, News, Tech News

4.71K Ratings

🗓️ 28 October 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Area man completes acquisition of social media platform. And now the fun begins? Amazon had bad earnings, but Apple mostly didn’t. YouTube is trying to be like TikTok too, but they’re giving their users options. And of course, the weekend longreads suggestions. Sponsors: Wealthfront.com/techmeme Links: How Twitter Will Change as a Private Company (NYTimes) Amazon stock sinks 13% on weak fourth-quarter guidance (CNBC) Apple reports strong quarter but expects sales slump (Silicon Republic) YouTube redesign gives long-form videos, Shorts and Live videos their own tabs on channel pages (TechCrunch) Weekend Longreads Suggestions Smartphone Storage Space Is the New Turf War for Game Makers (Bloomberg) The First Minute of Every Phone Call Is Torture Now (The Atlantic) The Try Guys and the Prison of Online Fame (NYTimes Magazine) The Crypto Story (Matt Levine/Bloomberg Businessweek) Which AI Creates the Best (and Most Terrifying) Art? (PC Mag) The Fantasy of Instant Delivery Is Imploding (Bloomberg) The beginning of the monster Game of Thrones Twitter Thread (Ben Schwartz) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Mem Right Home for Friday, October 28th, 2022.

0:07.6

I'm Brian McCullough. Today, Area Man completes acquisition of social media

0:11.6

platform.

0:12.6

And now the fun begins.

0:14.9

Amazon had bad earnings, but Apple mostly didn't.

0:18.2

YouTube is trying to be like Tik-Tok too,

0:20.3

but they're giving their users options and of course the weekend long rate suggestions

0:25.0

here's what you missed today in the world of tech.

0:35.0

It's done. It's done. Elon owns Twitter. Just kidding, because of course there was no way news wouldn't happen around this

0:47.2

Elon Musk marked his first day in charge of Twitter by firing several top executives including CEO Perag Agrowall,

0:54.8

CFO Ned Seagull and policy head Vigiah Gaddy.

0:59.1

Now before you feel too bad for them, Bloomberg says that Agroal is eligible to receive around $50 million in sort of a parachute

1:07.5

payment.

1:08.5

Siegel around $37 million and Getty $17 million on their way out the door.

1:14.0

As several people have pointed out on Twitter, Agruwall is probably also on his way to the

1:19.3

shareholder Hall of Fame, at least the shareholder value Hall of Fame for getting this

1:24.8

deal done. Again, imagine what Twitter's stock price would be right now if this

1:30.0

deal had never happened. I checked my brokerage account this morning and it looks

1:34.0

like Elon Musk is about to pay me $883.48, which is why I've been holding on to the stock.

1:41.2

I just kind of went to the thrill of knowing

1:43.8

Elon Musk is paying me. Don't tell him I paid a thousand dollars for those shares

1:48.8

so I'm down but hey the reason Agrowall deserves his place in the Hall of Fame is because around the same time

...

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