Going Meta with Alexis Ohanian

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 29 October 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Facebook has changed its company name to Meta. The new name reflects the company’s growing ambitions beyond social media and into a more virtual world. Alexis Ohanian, founder of VC firm Seven Seven Six and former executive chairman of Reddit, discusses Facebook’s name change and plans for the metaverse. Alexis also spoke with Eclipse CEO Aylon Steinhart to discuss the plant-based ice cream company’s rapid growth. Treasury Secretary Janet Yellen says the Biden administration’s infrastructure spending proposal will lower inflation by reducing costs vital to households. Yellen also told CNBC that the $1.75 trillion framework for President Joe Biden’s climate and social spending priorities is “fully paid for”. Plus, In this episode: Alexis Ohanian, @alexisohanian Aylon Steinhart, @AylonSteinhart Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pond. I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast, we're going Meta.
0:10.0	Facebook's taking on the Metaverse, but they aren't the only ones in the virtual game.
0:15.4	Reddit co-founder Alexis Ohanian.
0:17.8	They've got no shortage of great engineers and developers, but I'm betting on the David's here to build a metaverse better and
0:25.0	sooner than the Goliath.
0:27.0	Plus a tweet storm gone viral, the value of parental leave.
0:31.0	I have yet to meet a billionaire who's who sat me down and said, you know what?
0:36.1	I wish I had spent less time with my children.
0:39.4	Not a single one of them has ever said that to me. That big interview, President Biden's new plan for a social safety net, and a couple cool bets.
0:48.0	One on sweets, one on sports.
0:50.0	If I bet against them, you'll win.
0:52.0	It's Friday, October 29, 2021,
0:55.0	Squack Pod begins right now.
0:58.0	Stand Becky by in three, two, one, fuel, brief.
1:02.0	Good morning everybody.
1:04.0	Welcome to Squackbox here on C.
1:05.0	Happy Friday.
1:07.0	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
1:10.0	President Biden failed to break a Democratic blockade on that stalled
1:13.6	infrastructure bill ahead of his trip to the G20 summit.
	...

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