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Money Rehab with Nicole Lapin

Your Internet Bill is About To Get Higher - But It's Not What You Think

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.41.4K Ratings

🗓️ 6 July 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

On today's weekly roundup of the biggest headlines on Wall Street, Nicole unpacks the biggest stories that hint at the future of an ultra-monetized internet where we pay for social media and our favorite content.

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:07.0

It's time for some money rehab.

0:16.0

Here's your weekly roundup of some of the biggest headlines on Wall Street and how they

0:19.2

affect your finances.

0:20.7

To start, I would love nothing more than to update you on the status of the Elon Musk

0:24.8

Zuckerberg cage match at the Colosseum, but unfortunately I am currently locked out of Twitter

0:29.9

for reading too many tweets.

0:31.4

Yeah, if you miss this one, now Twitter users can only read 600 tweets a day.

0:37.1

But if you want to read 6000 tweets a day, you're going to have to pay for a verified account

0:41.6

which I will not be doing as of now.

0:44.4

So in the absence of being able to verify anything for 24 hours, let's just imagine that

0:49.1

Musk has offered to wrestle Zuck with one arm tied behind his back because it could

0:53.9

be true I have no way of knowing.

0:56.0

The real fight on the internet though isn't between two internet titans, it's over the

1:01.4

ownership of an access to content.

1:04.7

And that's what's shaking up the financial world right now, the big question of monetizing

1:09.1

the internet.

1:10.4

As the landscape shifts, big players in the space are desperately trying to find their footing.

1:15.6

This struggle is playing out on multiple fronts.

1:17.8

Reddit and Twitter are struggling with Google and other companies over how they profit

1:22.1

from content created by users.

1:24.7

In Canada though, a new law would force companies to pay for news stories they link to.

...

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