On The Edge: Big Tech Smackdown, Billionaire Boom & Bitcoin Battleground

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 13 March 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

While Mad Money is away this week, listen to Scott Wapner as he challenges conventional wisdom on the newsiest questions of the day, brings on CNBC experts with unexpected answers and hosts fierce debates. The top takes today; Is bitcoin bad for the environment? Angel investor Jason Calacanis and Casey Newton, former editor of ‘The Verge,’ discusses income inequality and whether there’s anything wrong with billionaires getting even more rich while others struggle during the pandemic. Plus, William Cohan, Vanity Fair contributor and angel investor Jason Calacanis debate whether SPACs have gotten out of hand as a way of raising money and what should be done about it. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Hey, it's Kramer!
0:01.0	My mission is simple to make you money.
0:03.0	Man money is a way today, but don't worry, I've got something special for you from my
0:07.0	friends here at CNBC.
0:09.0	Listen in!
0:10.0	Good evening, I'm Scott Wadridge and Kramer is off this week and this is On The Edge.
0:18.0	Good to have you with us once again.
0:23.8	Tonight's Top Takes billionaire boom, how the world's wealthiest cashed in during the pandemic.
0:28.7	And what that says about the power of big tech.
0:31.5	Spac attack has the blank check bananza just gone too far in this red hot market.
0:36.5	Bitcoin's dirty little secret while Bill Gates is reigning on the crypto craze.
0:40.9	The buzz around people will meet the digital artist taking the NFT world by storm and
0:46.7	taking on Tesla what safety officials just said about the company's much hyped autopilot.
0:52.4	We begin though tonight with word that the world's top titans added tremendously to their
0:56.6	wealth during the pandemic according to the Washington Post.
0:59.8	Nine of this country's richest people including Elon Musk, Jeff Bezos and Mark Zuckerberg and
1:05.0	the Google guys increase their wealth by more than $360 billion over the past year.
1:10.5	It only underscores just how powerful the tech industry has become.
1:15.2	Question now is it too powerful?
1:17.5	We welcome an angel investor and host of the all-in podcast Jason Calicanas and Casey
1:21.8	Newton.
1:22.8	We're the leader of the newsletter platformer gentlemen, it's good to see you.
	...

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