Would a Private Twitter Owned by Elon Musk Be Better for Free Speech?

The Breakdown

Blockworks

Business, Investing

4.8 • 806 Ratings

🗓️ 16 April 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Arculus and FTX US. The Elon Musk-Twitter saga continues! Today, Musk announced an offer to buy 100% of Twitter at $54.20 a share, saying that it was important for free speech and the company needed to be taken private to undergo necessary changes. NLW explores reactions to the announcement, from those who think a Twitter under Musk would be a huge boon to free speech to those who just aren’t buying it. - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Win McNamee/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to The Breakdown with me, NLW.
0:08.3	It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.
0:15.0	The Breakdown is sponsored by Nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk.
0:34.0	What's going on, guys? It is Thursday, April 14th, and today we are talking about, yes, Elon Musk's offer to buy 100% of Twitter.
0:40.5	Is this free speech, just plain old capitalism, or something else entirely? Before we get into that, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a
0:44.3	review, or if you want to dig deeper into the conversation, come join the 2,000 plus awesome other
0:50.7	people on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. Also, a disclosure as always, in addition to them being a sponsor
1:00.3	of the show, I also work with FTX. Finally, one quick bit of housekeeping. Tomorrow is a holiday
1:06.8	for CoinDesk. It's good Friday. Happy Easter to those of you who celebrate. And so there won't be a show,
1:12.4	but we will be back on Saturday, Sunday, and then as normal. All right, so you may be saying,
1:17.8	oh no, not another show about Elon. However, if the breakdown really is about big picture power
1:24.1	shifts, well, we just have to dig into this one. This involves big tech, free speech,
1:30.0	censorship, markets, even potentially, some amount of crypto and web three. And frankly, as much as I
1:35.8	didn't necessarily plan another Elon show, as I started digging into this, I ended up finding
1:40.7	the questions that were being raised much more interesting than I might have otherwise thought.
1:44.6	So let's start with the spectrum of opinion on Elon Musk, which is truly all over the place.
1:50.8	Some see him as genuinely the incarnation of late stage capitalism, the richest man in the world
1:57.2	and a dystopic billionaire incarnate who should not exist.
2:02.8	Others don't mind his money,
2:08.3	but see him as somehow upsetting the apple cart of the rules of propriety in financial markets.
2:14.5	Others love that lack of propriety and these say whatever attitude, even if Elon's never made them a dime.
2:17.9	Then, of course, there are the folks who he's made lots of dimes,
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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