Tech Brings Market Down and Twitter and Covid Misinformation
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 29 November 2022
⏱️ 42 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down why big tech stocks are leading markets lower, and why Twitter is no longer policing Covid misinformation. Plus, AWS CEO discusses Amazon's new in-house chips and the latest on restructuring.
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Transcript
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's Bloomberg Live.com slash sustainable Biz Singapore. I'm Caroline High, the Blumberg's world headquarters in New York. |
| 0:46.0 | And I'm Ed Ludlow in San Francisco. |
| 0:48.0 | This is Bloomberg Technology. |
| 0:50.0 | And Tech continues to lead markets lower as the downturn hit Silicon Valley harder than most other sectors. |
| 0:55.1 | We talk technicals. |
| 0:56.8 | Then Amazon Web Services CEO discusses Amazon's new in-house chips and the latest on restructuring. |
| 1:03.0 | And Twitter is no longer policing COVID misinformation. |
| 1:06.0 | That's as content concerns continue, |
| 1:08.0 | while Elon Musk takes aim at the App stores. |
| 1:11.0 | But first Ed, let's bring in Rob Cantwell. He is a portfolio manager |
| 1:15.3 | at Upholdings and Rob it's great to have you with the show and we actually source |
| 1:20.4 | a little bit of data ourselves nowadays. From Twitter, we go out with our daily poll |
| 1:24.5 | and we wanted to ask our audience |
| 1:26.0 | whether they are currently selling big tech, |
| 1:28.2 | whether the reasons around that, |
| 1:29.8 | whether they're blaming the Federal Reserve |
| 1:31.5 | and rate hikes, whether they're blaming the economic slowdown, whether they're blaming the Federal Reserve and rate hikes, whether they're blaming the |
| 1:33.0 | economic slowdown, whether they're blaming political headwinds, and actually Rob, |
... |
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