Terms of Online: Tackling Trolls with Reddit Ex-CEO & Building Kid Confidence with Legends 3/12/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 12 March 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ahead of the Reddit IPO, former Reddit CEO Ellen Pao discusses the platform’s reliance on Reddit users and its data-selling strategy for profitability as a public company. Plus, she weighs in on the dangers of unchecked online forums, suggesting that TikTok may be one of multiple national security risks. Also online, entrepreneur Sonny Caberwal is attempting to use social media AI algorithms for good; his app Legends builds confidence in young internet users before they develop mental health issues from negativity online. Plus, JPMorgan Chase CEO Jamie Dimon is urging the Fed to wait for a rate cut, and the FAA audit of the Boeing 737 Max production facility reportedly found “dozens of issues.” Ellen Pao - 12:44 Sonny Caberwal - 23:32 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squack-Pod from CNBC.
0:07.0	I'm producer Cameron Costa and on today's episode
0:11.0	Reddit's ramping up to a public debut, and former Reddit CEO Ellen Powell is watching closely.
0:19.0	Nine years ago when she left, she wrote,
0:21.0	Internet trolls are winning. Today, she wrote, internet trolls are winning.
0:23.8	Today, she still has concerns.
0:26.4	You've got deep fakes, you've got artificial intelligence
0:29.5	driving a lot of content.
0:30.8	It's a different world, and I don't think it's for the better. It's a scary
0:35.1	place especially for kids. Entrepreneur and dad, Sunny Cabarwall founded legends
0:41.2	an app to build confidence in our youngest internet users.
0:45.7	These algorithms can be powerful tools for good as well.
0:49.9	That's why we use short form video, we use AI assessments to actually put good content on.
0:56.0	Plus an FAA audit at Boeing, leadership drama again at Disney, and a market warning from JP Morgan Chase CEO
1:05.6	Jamie Diamond. He's been trying to keep the rates high the whole time.
1:09.8	Interesting. It's Tuesday March 12th 2024, and Squack Pod begins right now.
1:16.0	Stand Becky by in three, two, one, queue please.
1:21.0	Good morning everybody and welcome to Squackbox right here on
1:25.0	cnbec. We are live from the NASDAQ market site in Times Square. I'm Becky
1:29.4	Quick along with Joe Kernan and Andrew Ross Sorkin.
1:32.8	Let's talk about those concerns though at Boeing this morning.
	...

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