Why Big Tech's Jobs Bubble Burst. Plus, SBF's Scandal Deepens.

Plain English with Derek Thompson

The Ringer

News Commentary, News

4.8 • 1.8K Ratings

🗓️ 24 January 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Derek breaks down the biggest economic mystery of the moment: Why are the most successful tech companies collectively laying off more than 130,000 people if the overall unemployment rate is still historically low? Then award-winning Puck journalist William Cohan rejoins the podcast to talk about the biggest unanswered questions swirling around disgraced billionaire Sam Bankman-Fried, his FTX bankruptcy proceedings, and his forthcoming criminal case. Host: Derek Thompson Guest: William Cohan Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey there, humanoids. This is David Chumaker here with a very exciting announcement.
0:06.0	Your favorite wrestling podcast feed, The Ring of Wrestling Show, is now going daily.
0:11.0	And you can hang out with me and Kaz on Mondays and Thursdays for the Masked Man Show.
0:15.0	And you can join me, Peter Rosenberg, alongside Stack Eye Greg and Dip, every Tuesday with Cheap Eat.
0:21.0	And on Fridays, I'll welcome a friend or special guest from the world of wrestling.
0:25.0	Now Wednesdays, we have a very special new show called Wednesday Worldwide
0:29.0	that you're going to want to check out.
0:31.0	Pay-per-view reaction, one of a kind interviews, fantasy booking, talking about bagels.
0:35.0	That's what we do here on The Ring of Wrestling Show.
0:38.0	Follow the show now on Spotify.
0:40.0	And do us a favor. It was five stars.
0:42.0	And do us another favor and stay-mage.
0:49.0	Today's episode is a bit of a double-decker.
0:51.0	We're going to break down the layoffs in Big Tech over the last few weeks.
0:56.0	And then we're going to bring back the award-winning financial journalist Bill Cohen
0:59.0	to guide us through the weirdest story in tech and finance, which is obviously the unfolding
1:04.0	SBF FTX disaster in crypto.
1:07.0	So one way I think of this interview is like, you know there's going to be a movie in a few years
1:13.0	about SBF and this whole mess.
1:17.0	What are we learning from investigative journalists right now about what might be the key scenes of that movie
1:22.0	that we're all going to be watching?
1:24.0	And we're going to have Bill walk us through his SBF Chronicles in just a moment.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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