Media Mogul Barry Diller: Netflix Victory & TikTok Speed Bumps 11/07/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 7 November 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Layoffs are sweeping Silicon Valley. In a wide-ranging interview, Chairman of IAC and of Expedia Barry Diller comments on Meta’s layoffs and Mark Zuckerberg’s $30B bet on the metaverse, the midterm elections, TikTok’s stateside future (or lack thereof), and Netflix’s dominance in the streaming wars. The media mogul considers Elon Musk’s next move, and inflation’s squeeze on corporate bottom lines. Plus, Diller goes on the record about the Microsoft-Activision Blizzard acquisition that landed him in a federal investigation. In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:09.0	Barry Diller Media Mogulge on who's winning the streaming wars?
0:13.0	Netflix won, get over it.
0:15.0	Will other players be able to make money in streaming?
0:17.0	No.
0:18.0	Maybe on who's winning the 2022 midterms and the power of Zuckerberg.
0:22.0	It's quite amazing that one person can decide to spend $30 billion to develop a market that does not exist.
0:31.0	Plus, speaking of meta, large-scale layoffs
0:35.0	are hitting Silicon Valley.
0:36.5	The question is whether they've done this
0:37.5	across the whole economy, meaning we keep talking
0:39.8	about these technology companies
0:40.9	as if they are some kind of special class.
0:43.4	And the rest of the stories that got us squawking, like Twitter.
0:47.3	Got a couple of past tweets that I might blame on, an impersonator.
0:51.9	Wasn't me? The battle brewing against Blue Checkmark Fagery.
0:56.0	I think that Twitter creates an environment where people don't have self-control.
0:59.5	I know I don't.
1:00.5	Well you don't have self- self between the real worlds either.
1:03.0	It's Monday, November 7, 2022, Squawk Pod begins right now.
1:09.0	Stand Becky by in three, two, one, kill please.
	...

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