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Slate Technology

What Next TBD: Elonnnnnnnnnnnnn!

Slate Technology

Slate

Society & Culture, Technology, History

4.6636 Ratings

🗓️ 15 April 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

Is Musk's bid to take Twitter private a genuine attempt to mold the social network in his image? Or is he just going to have some fun, make some money, and walk away? Guest: Felix Salmon, host of Slate Money and chief financial correspondent for Axios Host: Lizzie O'Leary Get Surfshark VPN at https://surfshark.deals/TBD - Enter promo code TBD for 83% off and 3 extra months free!  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:32.6

On Thursday, I got up early. I made muffins for my son, had a couple cups of coffee,

0:39.9

and I was having a quiet domestic morning. And then, at 7.23 a.m., Elon Musk tweeted.

0:48.3

It was one line, no punctuation even. It said, I made an offer. And there was a link to the securities filing where Musk proposed

0:57.1

buying Twitter and taking it private. So I scrapped the workday I had planned and got Felix Salmon on the line.

1:04.2

Felix is the host of Slate Money and he's the chief financial correspondent at Axios.

1:09.4

Hello, Felix Salmon.

1:12.6

Good morning, Lizzie O'Leary.

1:15.6

Welcome to all Elon all the time.

1:19.4

We thought we could get away from him, but we were wrong.

1:26.6

Our show last Friday was all about Elon Musk buying a roughly 9% stake in Twitter,

1:29.1

and maybe joining the company's board.

1:34.7

After that show aired, Twitter's CEO, Paragagrawal, announced in a note to his employees that no, Musk would not be joining the board after all. The note ended by saying,

1:40.7

there will be distractions ahead, but our goals and priorities remain unchanged.

1:46.1

This is the worst-case distraction for Paragagrawal and anyone trying to concentrate on doing their jobs at Twitter,

1:54.9

because this is the mother of all distractions.

1:58.6

You know, I admit at the time I was skeptical of the scenario of Elon Musk

2:02.8

attempting to buy the whole company. You were not. You said something very prescient last week,

...

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