Slate Money - How Do You Bribe a President? Meme Stocks.
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 30 March 2024
⏱️ 40 minutes
🧾️ Download transcript
Summary
This week: Truth Social is the latest meme stock, and buying it could win favor with a president. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss what Truth Social means for Trump, whether Sam Bankman-Fried’s 25-year sentence is too harsh, and a Visa/Mastercard antitrust settlement that could change credit card fees as we know them. (Platinum holders beware.) In the plus segment: Why a global chocolate shortage is racking the candy industry.
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Podcast production by Jared Downing and Cheyna Roth.
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Transcript
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| 0:17.0 | Hello! Welcome to Slate Money, your guide to the business and finance news of a week. I'm Felix Hammon of Axios. |
| 0:19.0 | I'm here with Elizabeth Spires of New York Times. |
| 0:22.0 | Hello? I'm here with Emily Peck of Exios. |
| 0:24.4 | Hello, hello. Sam Bank when freed was sentenced to 25 years in jail. We are going to talk about that. |
| 0:30.8 | We are going to talk about the credit card settlement which might wind up causing people to get |
| 0:36.6 | charged different prices depending on what type of visa or mastercard they have. |
| 0:41.8 | To start off though, we are going to talk about the |
| 0:44.5 | latest meme stock on the market. Trump Media and Technology Group trading under |
| 0:50.0 | the ticker symbol DJT is memeing up the stock charts. |
| 0:55.4 | We have a Slate Plus segment all about Coco |
| 0:59.9 | and the price thereof. |
| 1:01.2 | It's all coming up on sleep and money. Okay, should we talk about how former President Donald Trump has become a meme stock? |
| 1:20.0 | We should. You don't seem excited about this Emily. I mean it's like we try very hard here on |
| 1:28.0 | slate money and have tried really hard I think for the past eight years longer to void talking about Donald Trump. |
| 1:35.8 | He comes up but now he's intersected with the market and with business and finance |
| 1:41.0 | news in such a way that we must discuss |
| 1:44.7 | D-Wack or D-Wack, wherever you want to say, the name for the Trump's |
| 1:48.9 | Spack, Wack, Spack. |
| 1:50.6 | The Wack's,, Trump's back. |
| 1:55.0 | No, the, okay, so Trump, when he got kicked off Twitter, |
| 2:00.0 | started his own social network, as you do. He called it truth social and it struggled to raise money and it struggled to raise revenues and it struggles to raise revenues and in fact according to its |
| 2:15.9 | financial set contrived to lose 49 million dollars in the first three quarters of |
... |
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