Twitter Earnings and Tech Hiring Freezes
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 22 July 2022
⏱️ 42 minutes
🧾️ Download transcript
Summary
Bloomberg's Emily Chang breaks down Twitter's disappointing second quarter earnings as it is in the midst of a battle to enforce its deal with Elon Musk. Plus, why more tech companies are cutting costs and freezing hiring, and what that means for the future of Silicon Valley as we know it.
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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. |
| 0:23.7 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | From the heart of where innovation, money, and power collide, |
| 0:35.0 | in Silicon Valley and beyond, this is Bloomberg Technology |
| 0:40.0 | with Emily Chang. I'm Emily Chang in San Francisco and this is Bloomberg Technology coming up in the |
| 0:57.9 | next hour. |
| 0:58.9 | Twitter's Temped results, another blow to the company that's already fighting a high-profile legal battle with |
| 1:04.7 | Elon Musk. |
| 1:05.7 | We will talk about what it tells us about the state of social media. |
| 1:09.2 | Plus more and more tech companies hitting the brakes on hiring. |
| 1:12.8 | What does it signal about the future of the economy? |
| 1:15.8 | And what does Silicon Valley look like when the dust has settled? |
| 1:19.2 | Cool at school. |
| 1:21.2 | And finding the soulmate comes with a cost and inflation isn't helping. |
| 1:26.0 | Singles are getting creative as the dating economy suffers from sticker shock. |
| 1:30.0 | We'll dig into trends and dating apps. |
| 1:33.0 | All that in a moment, but first Snap, then Twitter dragging tech markets down, |
| 1:38.0 | disappointing results only fueling fears of a recession. |
| 1:41.0 | I want to zoom out and talk about what all these tech results so |
... |
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