Midterms, Binance Buys FTX
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 8 November 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
Bloomberg's Emily Chang breaks down the latest from the Midterm elections and what impact the results could have on Big Tech. Plus, a look at Prop 30 in California and why Lyft is backing it, and how Binance decided to buy rival crypto exchange FTX.com
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | From the heart of where innovation, money and power collide, |
| 0:35.0 | in Silicon Valley and beyond, |
| 0:38.0 | this is Bloomberg Technology with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomberg Technology. |
| 0:59.7 | Coming up in the next hour, midterms arrive as public trust in the election process is being |
| 1:04.2 | upended by misinformation and hate. We're talking about how the outcome of |
| 1:08.6 | today's vote will impact data privacy, big tech regulation, and social media. |
| 1:14.4 | Plus, California is voting on Proposition 30, which would tax the wealthy and fund the adoption |
| 1:19.7 | of electric cars. |
| 1:21.2 | Lift President will explain why his company is back in the effort despite Governor |
| 1:24.9 | Gavin Newsom's campaign against it, while Uber is staying quiet. |
| 1:30.5 | And FTS is Sam Bagman Freed has been snatching up |
| 1:32.9 | crypto companies on the brink. |
| 1:34.9 | Now he's getting bailed out by Binance's CZ. |
| 1:38.8 | We'll explain how a feud between the two founders |
| 1:41.3 | ended in an unexpected acquisition. |
| 1:45.0 | All of that in a moment, but first I want to dig into those Disney results now and bring in |
| 1:49.6 | Bloomberg Intelligence Media Analysts, Keitha Raganathan, with all the details. |
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