Nasdaq's Big Two-Day Rally and the FTX Fallout
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 12 November 2022
⏱️ 41 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde breaks down the continuing FTX fallout and its impact on the crypto space, and why the Nasdaq 100 notched its biggest two-day record. Plus, why Twitter suspended its $8 subscription program launched earlier in the week.
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Transcript
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| 0:00.0 | Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental |
| 0:06.2 | leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th. |
| 0:12.8 | Title sponsor Amazon, Official Airline, Alaska Airlines. |
| 0:17.6 | Supporting sponsor, Providence. |
| 0:19.9 | Contributing sponsor, Wareyerhauser. |
| 0:22.6 | Get 40% off using promo code Radio 40 |
| 0:26.0 | at Bloomberg Live.com slash Green Festival. I'm Caroline Heide in New York and this is Brumberg Technology. |
| 0:47.0 | Coming up in the next hour, the FTX fallout, it continues. |
| 0:50.0 | Sam Bangman Freed steps down, a CEO laying out as well the timeline for his company's bankruptcy. |
| 0:55.6 | We're going to dive into the implications for cryptocuracies at large and the future of the underlying technology. |
| 1:01.1 | Plus Twitter suspended its $8 subscription program to combat a growing |
| 1:05.9 | problem of user impersonating major brands. More on the revenue strategy in a moment. And the |
| 1:11.6 | tech space is under a major restructuring. But you never know |
| 1:15.5 | it looking at the markets and the NASDAQ 100 just notched its biggest |
| 1:18.3 | two-day record run in nine percent. The best says 2008. |
| 1:24.4 | Even though we see the meta layoffs, |
| 1:26.2 | even though we see Amazon looking at trimming its workforce, |
| 1:29.0 | not to mention Disney just now. |
| 1:31.6 | We'll get to all of that in but a moment, but first. Let's stick with you. Disney just |
| 1:35.0 | here in the moment but first let's stick with you our audience because we asked you to admit the myriad of news that we're just hearing from Emily |
| 1:40.0 | the fact that we have these layoffs the fact that we have FTX imploding the fact that of course we still have this run up in stocks |
| 1:45.8 | what was the most important thing that caught your eye you took to Twitter you |
... |
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