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Bloomberg Tech

Zuckerberg's $71B Wipeout and Apple's Quiet Influence

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 19 September 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang breaks down Mark Zuckerberg's $71 billion wealth wipeout, and how much the metaverse weighs on that loss. Plus, a deep dive into Apple's quiet - and dominant - backing of an app association branding itself as the voice of small app developers.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:32.4

From the heart of where innovation, money and power collide,

0:35.0

in Silicon Valley and beyond, this is Bloomberg Technology with Emily Chang in San Francisco and this is Bloomberg Technology coming up live in the next hour.

1:03.1

It has been a tough year for Tech Titans everywhere,

1:06.6

but there is one mega stand out

1:08.1

and that is Mark Zuckerberg, his 71 billion dollar wealth wipe out, and how much the metaverse weighs on that loss

1:15.6

this hour. Plus how Apple is quietly backing an association that brands itself

1:20.7

is giving a voice to small business app developers.

1:23.4

This is big tech comes under increasing scrutiny in Washington.

1:27.4

And Climate Week is now underway in New York City.

1:30.6

We're going to take a look at one tech company helping other

1:32.6

businesses fight climate change by taking a harder look at their own carbon

1:37.3

footprint. I want to bring in Brentville of Jeffries, Brent, we were just talking earlier about the big personal cost.

1:44.6

This has come when it comes to Mark Zuckerberg's wealth.

1:49.3

You know, when are you going to realize, what are you going to decide if this pivot was really worth it?

1:56.0

It's still years out, Emily. I think they've said the road to the member's

...

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