is good for his other businesses in a weird way. but i don t know what they are bidding. but it is interesting that this company, all of these companies are owned by billionaires, essentially. then you have the one that is cleaning everybody s clock, which is tiktok. no matter who you are, that is who is gaining all the advertising money, and that of course, has implications around the chinese government interfering with it. so it is a really unusual, and we weird scene in the social media space. elizabeth, running this company, we just went through the headwinds, what he has to do, it is a full-time job. but he is not leaving his other jobs running tesla, running spacex, he just blew out the entire management team, and since he got into this months ago, we have been seeing scores of employees from twitter quit on their own. does he have enough time to even do this? i mean, i really don t know how he is going to manage all of his many responsibilities, and also he is a very erratic
that we also don t know exactly who those investors are? so for the price that they paid, he could be doing their bidding on this giant superpower of a platform? what would their bidding be? it depends who they are. i mean, i think they want influence, i think he bought this for influence, and it is not a bad thing for his other companies to say that i am the head of twitter, the chief to it as what he calls himself. it is good for his other businesses in a weird way. but i don t know what they are bidding. it is interesting that this company, all of these companies are owned by billionaires, essentially. then you have the one that is cleaning everybody s clock, which is tiktok. no matter who you are, that is who is gaining all the advertising money, and that of course, has implications around the chinese government interfering with it. so it is a really unusual, and we are seeing in the social media space. elizabeth, running this company, we just went through the headwinds, wh
verg snap will lay off 20% of staff, 1,000 employees. at the same time, two senior executives from the company are heading for the exit and they re making their way to netflix. now, it s been a difficult year for snap. you ll remember back when the company delivered q2 results shares dropped more than 25% in a single day. the company missed on both the profit and revenue lines. and those disappointing results kick started a wave of selling and a wave of disappointing earnings from a number of companies in the social media space due in large part to weak online advertising revenues. year to date, snap shares are down nearly 80%. and then as summer winds down and fall approaches, there s been a lot of discussion among businesses about trying to get workers back to offices. and goldman sachs yesterday raised eyebrows with this. set to scrap remaining covid-19 restrictions for employees at their u.s. offices saying
will make up lots of stories about it and that just brings threats of violence. we saw this already, last week, in cincinnati, at the fbi field office, and why wouldn t we see something targeted against these two individuals and their families by the way, and much of the social media space. there are seeing discussions not only of the agents and the families and being targeted. i think the other part is you re directing people to attack fbi agents, like think about what you re saying, you re taking individuals and setting them against a very armed and well trained law enforcement officers, it is not a good recipe when you look down the road in terms of violence. i think when we look just broadly, what we ve seen over the last five to six years, is this idea of mediated terrorism. meaning that someone, a political leader, someone with an outsized voice picks a target, the target is known, but the perpetrator is not, and that puts an undrew stress and intense pain on all of the law enfor
cue, the cameras go on you do a good job working through it. we ll be watching for the president to speak shortly. marsha blackburn, a member of the senate judiciary committee and she does not have lawn mowers and leaf blowers behind her. senator, thank you for being here. we saw the reaction last night from many in your party, very active in the social media space, tearing into the doj for the move. what is your thought as we wait to learn more on what led up to this raid at mar-a-lago? and sandra, what we need to hear is a response from doj and the fbi as to why they did this, why this timing, what they were looking for because it is unprecedented and if it is the presidential records act, didn t