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Tech Brew Ride Home

Mon. 07/11 – What Happens Now With Elon And Twitter.

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 11 July 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

The famous stock market player Bernard Baruch once said, paraphrasing: Whatever men attempt, they seem driven to overdo. When hopes are soaring, I always repeat to myself that two and two still make four. The main purpose of the market is to make fools of as many people as possible. Today, stories of this lesson being learned by both major VC firms and Elon Musk. Oh, and how North Korean hackers infiltrate companies. Sponsors: OurCrowd.com/ride Cybersecurityinside.com/RIDE Links: Uber broke laws, duped police and secretly lobbied governments, leak reveals (The Guradian) Here’s how North Korean operatives are trying to infiltrate US crypto firms (CNN) Andreessen Horowitz, Thrive Go Bargain Hunting for Beaten-Down Tech Stocks (The Information) Elon’s Out (Matt Levine/Bloomberg) Tweet Storm #1 Tweet Storm #2 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Mem Right Home for Monday, July 11th, 2022. I'm Brian McCullough.

0:08.8

Today, the famous stock market player Bernard Baruchuch once said paraphrasing.

0:15.0

Whatever men attempt, they seem driven to overdue.

0:18.0

When hopes are soaring, I always repeat to myself that two and two still makes four.

0:22.0

The main purpose of the market is to make fools of as

0:24.3

many people as possible. Today, stories of this lesson being learned by both

0:29.3

major VC firms and Elon Musk. Oh and how North Korean hackers infiltrate companies. Here's what

0:36.3

you miss in the world of tech over the last few days.

0:39.6

Hey everybody, back from vacation as planned but still on day six of my COVID

0:49.4

journey so not exactly as planned I guess more on that at the end of the show

0:55.0

But hey, it's also a summer Monday a mere week after the 4th of July so there's not a lot of what you would call breaking news this morning.

1:04.1

The top of tech meme right now is about a trove of more than 124,000 Uber documents

1:08.4

that the Guardian uncovered from the Travis Kalanik days of roughly 2013 to 2017, revealing management discussions and

1:15.9

lobbying efforts during the company's aggressive global expansion, but I kind of feel like

1:20.2

that's old news.

1:21.6

There's not really new stuff in there even if some of the details are new. We get it.

1:26.3

Uber was a messy, ugly elbow throwing company in those days. I've got a link to the Guardian piece in the show notes if you really want to read it for yourself.

1:34.4

But since there's not a lot of meaningful timely news this morning, and since I have to tend to my family in our COVID

1:41.5

isolation, still, I thought what I do this morning would be to give you a couple of interesting analyses pieces real quick and then devote the second half of the show to a breakdown fully of the whole Elon

1:56.2

Twitter situation and then come back at you tomorrow at the usual time for usual news, newsy news so

2:10.4

analysis item number one ever wonder how North Korean spies infiltrate US firms in order to do those big hacks

2:18.0

we've seen over the last few years well it's sort of what you might expect. They do it by posing as remote workers, and they've turned their efforts to the crypto industry recently, as we've seen. The UN says that the country has stolen billions of dollars worth of crypto from exchanges using this simple bit of social engineering recently

...

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