Max Read on how the Internet Got Infested With Garbage

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 8 November 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

There was a a point in time when Twitter used to be good for breaking news. Social media outlets like Instagram and Facebook were great for keeping up with friends. There used to be websites that people would refresh throughout the day, reading news or gossip from sources they knew and trusted. Now, most of that has gone -- or at least changed dramatically. A combination of profit imperatives, political motivations, and AI have upended much of that old internet. So what happened? Why has the web become a home of slop and sludge? We speak to Max Read, the author of the Read Max newsletter, to understand today's internet, and where things are going next.

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Transcript

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0:00.0	Direct lending has been one of the most dynamic areas of the private alternative space these last few years,
0:05.9	having grown massively as a source of capital for both corporate borrowers,
0:10.0	but also financial sponsors that have kept going from strength to strength,
0:13.5	and have needed that private capital to foster the growth that they've been experiencing.
0:17.8	For leading alternative investing insights, listen to Speaking of Alternatives from
0:24.0	P-GIM. We just lived through a truly wild presidential race, pitting a Democrat who wasn't
0:30.5	on the ballot until June, and a Republican who was convicted on 34 felony counts just before
0:35.5	receiving his party's nomination for president.
0:37.7	But the wildest thing might have been this guy.
0:40.2	If you already believe in the Constitution, you're just signing something you already believe,
0:43.7	and you can win a million dollars. That's awesome.
0:45.7	I'm Max Chafkin, and this is Citizen Elon,
0:47.5	a three-part series from Elon Inc. where we investigate Elon Musk's unprecedented support for Donald Trump.
0:53.6	Follow Elon Inc. on Apple Podcasts or wherever you like to listen.
0:59.8	Bloomberg Audio Studios.
1:02.2	Podcasts, Radio News. Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Wisenthall.
1:20.7	And I'm Tracy Allaway.
1:21.9	Tracy, you don't use Twitter like quite as much as I do still.
1:25.0	No, I kind of, I don't know what happened. I guess I just went off Twitter.
1:28.8	You know what platform I'm on quite a lot?
1:31.2	And it doesn't help me in any way in terms of all thoughts in my career.
1:34.8	But I really like Reddit now.
	...

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