Wed. 11/06 – The Tech Angle To Election Day
Techmeme Ride Home
Brian McCullough
4.7 • 984 Ratings
🗓️ 6 November 2024
⏱️ 19 minutes
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Summary
The tech angle to the election news yesterday, and interestingly a lot of it is crypto related. The EU Commission looks like it will fine Apple and has opened a case against Corning? Perplexity is raising another massive new round. And a pretty definitive piece about how drone tech has changed warfare.
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Links:
- Polymarket, Prediction Betting Markets Vindicated by Trump's Strong Showing (Coindesk)
- Apple to Face First EU Fine Under Bloc’s Digital Markets Act (Bloomberg)
- Corning Faces EU Probe Into Smartphone ‘Gorilla Glass’ (Bloomberg)
- How Lina Khan Became an Election Hot Topic (NYTimes)
- Mozilla Foundation lays off 30% staff, drops advocacy division (TechCrunch)
- AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round (WSJ)
- Battles of Precise Mass (Foreign Affairs)
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Transcript
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| 0:00.0 | Welcome to the Tech meme right home for Wednesday, November 6, 24. I'm Brian McCullough today. The tech angle to the election news yesterday. And interestingly, a lot of it is crypto-related. The EU Commission looks like it will fine Apple and has opened a case against Corning. |
| 0:18.8 | Perplexity is raising another massive new round and a pretty definitive piece about how |
| 0:22.7 | drone tech has changed warfare. |
| 0:24.8 | Here's what you miss today in the world of tech. |
| 0:32.5 | Well, here's the tech angle on the election for you from yesterday. |
| 0:37.4 | A bunch of things, so I'm just going to do a grab bag. |
| 0:40.3 | Trump Media and Technology Groups stock jumped more than 35% in pre-market trading, hitting a |
| 0:45.2 | greater than $7 billion market cap. Tesla is up more than 10% in pre-market. |
| 0:51.2 | Looks like Elon Musk's gamble on Donald Trump paid off. Trump gave Musk a lengthy |
| 0:56.0 | shout-out in his victory speech, calling him a super genius. Bitcoin has passed $74,000 hitting |
| 1:02.9 | an all-time high, and other coins have also jumped. Bitcoin is up nearly 70% year-to-date. |
| 1:09.5 | Republican blockchain entrepreneur Bernie Moreno defeated Senate |
| 1:13.8 | Banking Chair Sherrod Brown in the Ohio Senate race. Crypto Pax gave more than $40 million |
| 1:19.3 | to defeat Brown. And actually, a lot of the winning angles here are about crypto. For example, |
| 1:25.3 | the prediction markets, they're largely built on blockchain-related |
| 1:28.6 | technologies, right? Polymarket Kalshi predicted, which heavily favored Trump for months, |
| 1:34.9 | does this vindicate them? Quoting Coin Desk, to those who'd been watching the odds on |
| 1:40.5 | polymarket Kalshi predicted and similar betting sites over the course of the year, the results |
| 1:44.2 | were long within the realm of possibility. The markets were far and away the best forecast of the |
| 1:49.0 | 2024 election, said Coleman Strump, a professor of economics at Wake Forest University in North |
| 1:54.7 | Carolina. While pollster said too close to call or Democratic nominee Kamala Harris is favored, |
| 2:02.8 | markets identified Trump as the favorite, end quote. The vindication comes after several weeks in which the mainstream media |
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