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The Chuck ToddCast

Nilay Patel: “Twitter’s not a well-run company”

The Chuck ToddCast

iHeartPodcasts

Government, News

4.02.8K Ratings

🗓️ 4 November 2022

⏱️ 36 minutes

🧾️ Download transcript

Summary

A little more than a week after Elon Musk took control of Twitter, and as layoffs hit employees around the world, Chuck talks with Nilay Patel, co-founder and Editor-in-Chief of The Verge, about Twitter’s future.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello there, I'm Chuck Todd.

0:06.6

This is the Chuck Todd cast.

0:08.1

It's been one week since Elon Musk took over as the owner of Twitter.

0:12.9

Earlier this week he dismissed Twitter's Board of Directors, named himself CEO and has

0:16.1

been, or I guess, cheap twin.

0:18.3

And he's been floating all kinds of changes to the surface.

0:20.7

My guest today is Neely Patel.

0:22.4

He's co-founder and editor-in-chief of The Verge.

0:24.5

Last week he wrote a skating story called Welcome to Hell, Elon, which he outlined all

0:29.3

the ways in which owning Twitter creates problems for Musk and his other businesses.

0:33.8

On Wednesday Elon Musk seemed to agree with Neely when he changed his Twitter bio and set

0:39.4

his location as, oh okay, Neely, welcome to the Todd cast.

0:46.0

Look, there's been so much commentary written about this.

0:51.1

There's so many lessons in life about making a rash decision.

0:56.1

I imagine, I guess, when you're super wealthy, you think even if there are consequences,

1:01.8

you can buy your way out of them.

1:03.8

But wow, do we think Elon Musk knows what he did here?

1:08.9

I do because he tried to get out of it really hard.

1:11.7

Yeah, fair enough.

1:12.7

So he made the offer by the company and then the market tanked and Tesla stock went down

1:17.6

and he sued Twitter and tried to get out of this deal.

1:20.8

And I think it became very clear to him and everyone that the court was not going to allow

...

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