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Slate Daily Feed

Two Scaramuccis

Slate Daily Feed

Slate

Business, News, Society & Culture

3.91.1K Ratings

🗓️ 23 April 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

This week, Felix Salmon and Emily Peck and Elizabeth Spiers talk about the shakeup in the streaming world with Netflix considering ads and CNN+ folding, the end of the public transportation mask mandate, and inflation. 


In the Plus segment: Elon Musk, one more time.


Mentioned In the Show: 

Netflix, Facing Reality Check, Vows to Curb Its Profligate Ways” by Joe Flint

Inattention and Prices Over Time: Experimental Evidence from ‘The Price Is Right’ (1972-2019)” by Jonathan Hartley

Musk’s Twitter funding is secured” by Issie Lapowsky

 

Email: slatemoney@slate.com

Podcast production by Cheyna Roth


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hello, welcome to the Doos Caramucci's episode of Slate Money, your guide to the business

0:16.9

and finance news of the week I'm Felix Amon of Axios, Emily Peck of Axios is with me.

0:22.4

Hi.

0:23.4

Hi Emily and Elizabeth Spires.

0:25.7

Hello.

0:26.7

Hello.

0:27.7

So you remember what a Caramucci is, right?

0:29.9

It's the length of time that Anthony Scaramucci spent as comms director for Donald Trump.

0:35.2

I think it's 11 days.

0:36.8

CNN plus managed to outlast that in its lifetime existence, but not by much.

0:42.0

It lasted about two scaramucci, so we're going to talk about CNN plus and Netflix earnings,

0:46.4

which were disappointing, their subscribers going down rather than up.

0:50.5

We are also going to talk about mask mandates and why everyone seems to be happy that they

0:55.0

are going.

0:56.6

We are going to talk about inflation and what it has to do with prices on the internet.

1:02.6

We have a Slate Plus about Elon, because we can't stop talking about Elon.

1:07.6

It's all coming up on Slate Money.

1:11.6

Okay, so let's talk about streaming, because it was the future of all things, televisual,

1:21.2

until this week, at which point, shit got real, and CNN plus got canned, and Netflix

1:29.1

fell off a cliff, and Netflix said it was losing subscribers and was going to have to

1:33.8

start pivoting to a grab bag of other business models, like selling ads and video games and

1:41.8

stuff.

...

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