Mon. 02/08 – Tesla Buys Bitcoin While Elon Sends Dogecoin To The Moon!

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 8 February 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

The singularity is near, cause all our meme stories are colliding. Tesla has bought a ton of Bitcoin while Elon is tweet-pumping Dogecoin. Clubhouse is blocked in China. Cold water on the Apple Car story from Hyundai itself. TikTok is skipping directly to an ecommerce buildout. And Xiaomi’s big new global flagship phone. Sponsors: Kiwico.com promocode: ride BuyRaycon.com/tech Links: Tesla buys $1.5 billion in bitcoin, plans to accept it as payment (CNBC) Clubhouse is now blocked in China after a brief uncensored period (TechCrunch) Apple Car Talks Aren’t Happening, Say Automakers Hyundai, Kia (Bloomberg) Twitter Considers Subscription Fee for Tweetdeck, Unique Content (Bloomberg) TikTok takes on Facebook with US ecommerce push (FT) Follow the CAPEX: Cloud Table Stakes 2020 Retrospective (Platformonomics) Xiaomi’s global Mi 11 has a Snapdragon 888 for €749 (The Verge) RideHome+ feed at: tech.supercast.tech Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Ride Home for Monday, February 8th, 2021. I'm Brian McCullough. Today,
0:09.6	The Singularity must be near because all of our meme stories are colliding.
0:13.4	Tesla has bought a ton of Bitcoin while Elon is tweet-pumping Dogecoin.
0:18.7	Clubhouse is blocked in China.
0:20.9	Cold water gets thrown on our Apple car story by Hyundai itself.
0:25.6	Tik-Tok is skipping directly to an e-commerce build-out and
0:29.3	Jaami's new global flagship phone.
0:32.2	Here's what you miss today in the world of tech.
0:37.6	I guess in our post-game stop Wall Street Betts world I guess I should never be surprised to wake up to crazy news, like the news that Tesla has bought 1.5 billion dollars worth of Bitcoin and says it will start accepting
0:54.4	Bitcoin as a payment for its products in the future
0:57.8	quoting c. NBC. In a filing with the Securities and Exchange Commission the
1:02.4	company said it bought the
1:03.4	Bitcoin for, quote, more flexibility to further diversify and maximize returns on our cash, end quote.
1:10.1	Tesla also said it will start accepting payments in Bitcoin in exchange for its products,
1:14.4	quote, subject to applicable laws and initially on a limited basis, end quote.
1:19.4	That would make Tesla the first major automaker to accept cryptocurrency as payment.
1:24.4	The $1.5 billion worth of Bitcoin will give Tesla liquidity in the cryptocurrency once it
1:28.9	starts accepting it for payments.
1:31.0	Tesla's move into Bitcoin represents an investment of a significant percentage of its
1:35.1	cash in the investment.
1:37.3	The company had more than $19 billion in cash and cash equivalents on hand at the end of 2020 according to its most recent filing.
1:44.9	But the moves also raised immediate questions around CEO Elon Musk's behavior on Twitter
	...

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