The Super App Dream

Slate Money

Slate Podcasts

Business, Investing

4.1 • 1.1K Ratings

🗓️ 31 July 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, Felix Salmon, Emily Peck, are joined by Cezary Podkul of ProPublica to talk about his in-depth article on unemployment insurance fraud, Robinhood’s IPO and ambitions of being a “super app,” and everything that’s going on with private companies in China and the stock market in Hong Kong. In the Plus segment: Payment for order flow. Mentioned in the show: “How Unemployment Insurance Fraud Exploded During the Pandemic” by Cezary Podkul for ProPublica “U.S. SEC says Chinese IPO hopefuls must provide additional risk disclosures” by Echo Wang, Scott Murdoch, and Kane Wu for Reuters “Hong Kong's Status as a Financial Center Seems Safe” by Felix Salmon for Axios “The Time Tax” by Annie Lowrey for The Atlantic Email: slatemoney@slate.com Podcast production by Jessamine Molli. Twitter: @felixsalmon, @EmilyRPeck Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello and welcome to the Super App Dream episode of Slate Money, your guide to the Business and Finance
0:20.0	News of the Week. I'm Felix Simon of Axios. I'm here with Emily Peck of Fundrise.
0:25.5	Hello. And calling in from Hong Kong, we have an incredibly special guest.
0:33.0	Welcome, Cesari Podcool.
0:35.4	Hello, thanks for having me.
0:36.4	Cesari, who are you?
0:37.9	And tell us what brings you on this show?
0:40.1	I'm a financial journalist.
0:41.1	I write for ProPublica, and I just did a piece on Unemployment Insurance which you and I have both taken a look at that so thanks for having me.
0:48.0	So we're going to talk about Unemployment Insurance Fraud which is a big thing and we'll talk a lot about just how big it is.
0:55.7	We are going to talk about China and it's crackdown on private companies and what has been
1:01.0	going on in the Hong Kong stock market and what the SEC is doing
1:05.0	is doing with regard to Chinese companies.
1:07.5	There's a lot of action going on with that.
1:09.6	Is China a communist country?
1:12.0	Is it the capitalist country? We're going to get into that and we are
1:15.3	also going to talk about Robin Hood which went public this week in a slightly
1:19.4	disappointing IPO we're going to talk about that we're going to talk about its business We're going to talk about its business. We're going to talk about the dreams of being a super app like they have in China and in Hong Kong.
1:28.0	And in Slate Plus, which you can subscribe to for an introductory rate of just $1.
1:33.0	We are going to go even further into Robin Hood
1:35.5	and its practice of payment for order flow,
1:38.0	which may or may not wind up getting abolished
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Slate Podcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Slate Podcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.