THE HASH: Musk Sets New Condition for Twitter, Citi Says Terra’s Fallout Unlikely to Hit Wider Financial System
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 May 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Tuesday, May 17, 2022.
"The Hash" team discusses stories of today including the latest development of Elon Musk's Twitter (TWTR) takeover saga, the impact of Terra's collapse and the underground mining in China.
See also: Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System
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This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz Our theme song is “Neon Beach.”
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:09.6 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world. |
| 0:16.9 | All on the hash for your ears. |
| 0:20.0 | You're listening to the Coin Desk Podcast Network. |
| 0:24.5 | I'm Zach Seward, and we are here with you on CoinDest TV on the show The Hash. |
| 0:30.3 | I'm Zach. We have Will. We have Jen. We have Wendy. |
| 0:34.5 | We are going to get you up to speed on all the latest happenings in the world of |
| 0:38.3 | crypto and beyond. And starting us off today is Wendy. Take it away. |
| 0:42.3 | We have a very, very interesting story. And the reason why we are talking about Mr. Elon Musk acquiring |
| 0:49.6 | Twitter is because I personally believe that Elon Musk, if he acquires Twitter, will really help to bring it front and center for Web 3. |
| 0:58.2 | And we'll start to see more adoption happen with crypto. |
| 1:00.9 | So some details about this story. |
| 1:02.5 | Elon Musk says Twitter deal cannot move forward until he has clarity on fake account numbers. |
| 1:07.1 | So the Twitter deal is currently on hold because he is saying that spam fake accounts do indeed represent less than 5% of users, which he tweeted on Friday. |
| 1:15.6 | And according to this also, Twitter shares are down more than 20% in pre-market trading before stock rebounded to somewhat. |
| 1:22.6 | Two hours after his first tweet must post that he still committed to the acquisition. And also too, if he actually does not acquire Twitter and keeps going back and forth with all this insanity, |
| 1:33.3 | he will actually have to pay $1 billion fee. |
| 1:36.3 | And as you guys can see, there's a lot of tweets about Musk and his opinion and him kind of disrespecting the SEC and going back and forth with all these prominent |
| 1:45.7 | figures online. Who wants to comment on this? Zach looks really right in a comment. He just |
| 1:51.1 | had a fair question. I just stifled. I stifled a sneeze. I thought I did that pretty smoothly, |
| 1:59.3 | but thanks, Will, for calling it to the attention of our viewers and listeners. God, I will take it on the topic, though. I think Elon Musk is certainly demonstrating his mercurial nature here. One minute he's in, one minute he's out. Is it cold feet? Is it a gamesmanship? Is there some 3D chess here that we're unaware of being played? |
| 2:18.8 | Hard to say. |
... |
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