Molding Social Media with Alexis Ohanian 4/07/22

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 7 April 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Elon Musk’s 9.2% stake in Twitter cost him $2.6B–chump change for the wealthiest man in the world, according to fellow billionaire and supporter Ron Baron. But Musk’s ownership and board seat are a big deal for Twitter and for social media on the whole; Reddit co-founder turned VC Alexis Ohanian considers Musk’s intentions and his potential impact on social media as we know it. Plus, President Biden has expressed his support for unionizing Amazon workers, and Warren Buffett’s Berkshire Hathaway has had a productive–and expensive–start to 2022. In this episode: Alexis Ohanian, @alexisohanian Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin 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 Pod.
0:08.0	More Elon, again, how Musk might shape social media with one guy who's done it
0:14.1	Reddit co-founder and venture capitalist Alexis Ohanian. I think at the end of the
0:18.0	day he just genuinely cares about Twitter and believes that he can use his position now on the board and as an
0:24.8	investor to influence it in ways that he thinks are going to make it more successful in the long term.
0:30.0	Plus all the news and what gets us squawking.
0:32.8	Let me get you some information on that.
0:35.0	Okay.
0:36.0	Like Ukraine's message to Western leaders, Union's new moment,
0:39.8	and Warren Buffett's Berkshire makes some really big buys.
0:42.8	Four point two billion dollars they spent on HP.
0:45.3	11.6 billion dollars they spent on the insurer Allegheny and then about six point
0:49.7	four billion dollars on building up that steak and Occidental Petroleum.
0:53.0	Never a dull day on the squawk box.
0:56.0	What?
0:57.0	Ruffle butts.
0:58.0	I'm not going to say anything about who it's for or what it means.
1:01.0	And it's not for you.
1:03.0	It's Thursday April 7th, 2022.
1:06.0	Squawk Pod begins right now.
1:08.0	Stand back you by in three, two, one, fuel brief.
	...

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