Slate Money - Will You Accept These Cookies?
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 23 October 2021
⏱️ 54 minutes
🧾️ Download transcript
Summary
This week, Felix Salmon, Emily Peck and Stacy-Marie Ishmael talk about ad tracking and big changes at Apple, what’s going on with tuna bonds, and big businesses buying up real estate.
In the Plus segment: Legacy admissions.
Mentioned In the show:
“Snap’s Stock Plummets as It Blames Apple’s Privacy Changes for Hurting Its Ad Business” by Sarah E. Needleman
“Zillow pauses homebuying as tech-powered flipping hits snag” by Patrick Clark
“Credit Suisse agrees to pay $475 million in fines over the ‘tuna bond’ affair in Mozambique” by Matthew Goldstein
“Amherst College drops admissions edge for children of alumni” by The Associated Press
Email: slatemoney@slate.com
Podcast production by Cheyna Roth
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hello, and welcome to the Do You accept these cookies episode of Slate Money or guide to the business and finance news of the Week. I'm Felix Salmon of Axios. I'm here |
| 0:23.2 | with Emily Peck of Fundrise. Hello. I'm here with Daisy Marie Ishmael of Bloomberg. |
| 0:31.6 | Hello. And we are going to basically talk about whether cookies are delicious or dangerous or both. |
| 0:39.8 | And specifically, not just about baked cookies, but about the ones that apps and computers put on your phone and follow you around the web. |
| 0:49.1 | We're going to talk about ad tracking and all such things. |
| 0:52.4 | We are also going to talk about tuna bonds because who doesn't |
| 0:56.1 | want to know about tuna bonds. And we are going to talk about Zillow, eye buying and the whole |
| 1:03.5 | business of big companies buying up real estate and whether it's a good thing or not. Spoiler |
| 1:08.8 | or that. It's a totally good thing. I'm all in favor. |
| 1:12.1 | No one. |
| 1:13.7 | No one is going to agree with me. |
| 1:20.8 | All of that, and a Slate Plus on legacy admissions to universities is coming up on Slate Money. |
| 1:27.2 | Oh, and Stacey, you have an update on the T.H. Chan School of Something, Something at Harvard? |
| 1:31.5 | Yes. In the episode in which you made it very clear why you hate surveys and polls, Felix, |
| 1:37.2 | I described the Harvard-TH-Chann schools having an affiliation with Chan Zuckerberg. It does not. |
| 1:38.2 | Different Chan. |
| 1:39.2 | Different Chan. |
| 2:00.0 | Okay, Stacey, there's this thing that I've been peripherally reading about for, I guess, a couple months now, where Apple made a big change to add something something and everyone was up in arms and Apple said, don't worry, it'll all be fine. And then Facebook said, |
| 2:02.3 | we've got this, but then they came out and said, oh shit, actually we kind of lost a lot of money |
| 2:07.3 | because of this. And now Snap, which owned Snapchat, came out with earnings and said, wait, |
| 2:13.7 | our earnings were way lower than expected because of this and their share price went down. |
| 2:20.0 | And literally that is 100% of what I understand about this story. And so I need you to explain to me, |
... |
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