17 Burst results for "Bret Taylor"

"bret taylor" Discussed on Techmeme Ride Home

Techmeme Ride Home

02:52 min | 3 weeks ago

"bret taylor" Discussed on Techmeme Ride Home

"With another 5 joining forces to finalize the 12 and a half $1 billion margin loan. For many, the loan secured against Musk's Tesla shares was the easiest part of the transaction to get on board with, given Musk's wealth and that Tesla stock trades at a furious pace. More importantly, it was the $21 billion of equity that Musk promised to commit personally, that turned the tide and lead banks to scramble for a piece of the action. Everyone did the careful analysis around it, but at the end of the day, it's the equity check. There's never been an equity check like this, one person involved in the sale negotiation said. The board's concerns around financing were allayed and the shareholders decided that it was in their best interest to advocate for this transaction, said a person with direct knowledge of the matter. Several large shareholders called members of Twitter's board on Friday and Saturday to press directors to take Musk's offer seriously, said people briefed on the conversations, although Twitter's share price hit an all time peak of almost $80 during the pandemic as consumers spent more hours on the platform. Many big investors had acquired the stock when it was trading at about $20 a share. On Sunday Musk communicated directly with Twitter's chair Bret Taylor, allowing them to set the tone and guidelines to reach an amicable agreement with protections and guarantees in place to safeguard shareholders. And quoting from Casey Newton one more time. As Matt Levine noted today, once Musk made his offer the whole thing proceeded fairly normally as a negotiating tactic, the board put in place a poison pill to prevent Musk from acquiring any more of the company, that forced Musk to prove that he actually had the financing to get the deal done. He did so, and the board considered its options. Ultimately, the 38% premium that Musk offered over its current stock price struck members as the best deal they could likely get. In the end, it was just business. Twitter has long been an underperformer and former executives I spoke with today were relieved that the company now had a real chance to make radical change. As a private company beholden only to the interests of one man, Twitter may be able to transform itself in ways that it never could while it had to report quarterly earnings. The $44 billion question, though, is transform into what end quote. Fidelity will now let retirement savers put Bitcoin into their 401k accounts, starting later this year. It's the first major retirement plan provider to do this. Quoting The Wall Street Journal. Employees won't be able to start adding cryptocurrencies to their nest eggs ran away, but later this year, the 23,000 companies that use fidelity to administer their retirement plans will have the option to put Bitcoin on the menu. The endorsement of the nation's largest retirement plan provider suggests crypto investing is moving further into the mainstream, but it remains to be seen whether employers will embrace it for their workers. Fidelity's move comes a month after the Labor Department express concerns about including cryptocurrencies and retirement plans. It is also an uneasy time for the stock market with the S&P 500 down almost 10% this year, in part.

Musk Tesla Twitter Bret Taylor Casey Newton Matt Levine Fidelity The Wall Street Journal Labor Department S
"bret taylor" Discussed on This Week In Google

This Week In Google

02:18 min | 5 months ago

"bret taylor" Discussed on This Week In Google

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"bret taylor" Discussed on This Week In Google

This Week In Google

01:37 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"It seems like you would shame you even. Because we stopped them from calling like a certain times that were problematic. Creditors can slide into your DMs. Along with every other spammer there is. There are not a lot of post something that can be seen with the general public. So that's good. Or by your friends and followers. But they can send you private messages asking that you add them as a friend or contact. That's hilarious. But they do have to say, we're collecting a debt. And you can opt out. So this is all right. This doesn't seem too bad. There is a bill which probably will be. In Congress, but has the Senate Democrats have reintroduced the stopping Grinch box stopping Grinch bots act, which cracks down on scalper run bots, which buy up things like graphics cards. Oh man. Or PlayStation? Or concert tickets? Yeah. Paul tanko from New York, senator blumenthal, Schumer, and Lou Jon. We'll crack down on cyber Grinch using bot technologies to quickly buy up whole inventories of popular holiday toys and sell them to parents at higher prices. But how do you crack down on transactions, bot transactions? Well, I think probably if you have a law that punishes it it helps. You don't. You write a press release saying you wrote this bill and you hope you get two votes for it. Right. And it's got a good name, stopping Grinch.

Paul tanko senator blumenthal Lou Jon Senate Congress Schumer New York
"bret taylor" Discussed on This Week In Google

This Week In Google

02:41 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"That's the Google change law. Sorry, Leo, I stepped on you. We'll do it. No, no, I don't care. I couldn't care less. We'll do a whole bunch of quick ones because there's a lot of them. Test the story. What's the test of the story? Up to 9 quick takes. Model Y breaks constantly. And by breaks, I don't mean it's broken. The breaks. It stops the vehicles. Yeah, people are starting to complain about various bits, even Elon said, can you guys don't rush? We got plenty of time. Don't rush when you're making our vehicles. So maybe the factory there's seems like a software problem in this case. It thinks that it's got a barriers that it doesn't have. I had that problem with them on lex. All the time. Lisa could play bad that all the time. It would because it has as many cards do the auto stop if you're about to run into something. And she'd be driving down the road and all of a sudden, because it thinks something's in the room. But there's nothing. It seems scary. As much as you can turn that off. Yeah, yeah, that's not good. Yeah. A little controversy over 23andMe, they did a spec, as you remember, we talked about that some months ago. Their earmarking cash from that spec for drug development. They want to use what they know about your genome to help drug companies develop. This is an interesting question. Jeff, you don't think this is such a bad thing. Yeah, I don't think it's a bad thing. Yeah. By querying its database 23andMe can find causal links between genetic variations and disease. Remember, they collect not only the genetic information, but they also collect your phenotype these questions you answer all the time in questionnaires. And they're using that information to develop new treatments among its findings so far evidence of genetic variants that bolster the immune system and decrease the risk of cancer. They actually have two immuno oncology drugs under development. Through a GlaxoSmithKline, ones in the clinical trial stage. Does anybody think that's bad? I think that's good. But privacy people say, well, wait, but that's for everybody. It's the same people who got mad because Amazon didn't pay them to use their devices for sidewalk. That's how I think of it. It's the same people who are mad because they're like, well, I got, you know, I paid them my money to get my gene tested. Well, they do keep your spit. I mean, they keep your stuff. So I don't know, there must be a process thanks to GDPR in the California privacy law. There must be a process to say, hey, destroy my info. If you're a citizen of the EU or California,.

Elon Leo Google Lisa Jeff GlaxoSmithKline cancer Amazon California EU
"bret taylor" Discussed on This Week In Google

This Week In Google

02:57 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"To subscribe. It's English. Pretty straightforward. Okay, okay, okay. All right, so that's the company. With the actual file, I thought they pronounce it as software. They pronounce it, jif, but is short for graphics, interchange format, and graphics is a hard sheet. How do you pronounce giraffe? Karev? Well, okay. I went to renegade university, but apparently it's supposed to be wing university. We can talk about Carnegie and Carnegie. All right, giphy, I'm going to say giphy because I don't like the guy who developed the community. Jeff, I'm going to say GIF. And actually, it is relevant for the pronunciation of giphy regardless of value pronounced Gifford jif. Because that's a company company name. The guy who founded it says is giphy. Fair enough. Are you ready? You know what he says? What? Quote. At giphy, we know there's only one chip. And it's peanut butter. Alex Chung, founder and CEO of giphy said at a press release. If you're a soft G, please visit. Jif dot com. If you're a hard G, thank you. We know you're right. Oh, wow. Giphy. Giphy, definitely a smug much. David? In any case, it became known for a short while. Yeah, well, I don't know. Does this mean? You must have vest. Do they have to? I guess, I mean, if they want to be in the UK, I don't know if this is fascinating. I don't know. That's enough for them to be in the UK. I think it's done their nose and say make us. Yeah, right. It's like, we're a U.S. company. Make us. What are you going to do? And then they're going to say, well, you can't be in the UK. You know what the UK did do this week? It was so exciting. What? They passed their cybersecurity law. It resembles a lot of California's SB three 27. It's a cybersecurity device law says no hard coded passwords. No default passion. It provides an expiration date for security updates on connected devices. At the point the fantastic. All right. All right. The California law does not do that last bit. That's where the UK law boosts out. And I've been calling for this for years. So when you buy something that's connected, you should be able to save on the box and be like, I have 5 years of security updates. Yeah. That's really great. Yeah, that's really great. The national labor relation sports speaking of the NLRB has reordered a new election at Amazon's best Alabama site. They said, you guys really messed with this. And you're going to have to have a second union election. Did you see John Oliver's thing on union busting? It was quite good a few months ago. I haven't seen him in a long time. YouTube.

Karev Carnegie Gifford jif Alex Chung giphy UK Jeff California David U.S. NLRB Alabama Amazon John Oliver YouTube
"bret taylor" Discussed on This Week In Google

This Week In Google

01:45 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"Facebook agreed to buy, I can't say it. Giphy. In May of last year for $400 million, regulators in the UK yesterday said they have told Facebook that would be to sell giphy. They didn't know they know they already bought it. It closed. It closed. After finding, quote, the takeover could reduce competition between social media platforms and increase Facebook's what's interesting on one country can decide this on behalf of the whole world. Well, can they? I don't know. Company that's not based there. Oh, I didn't think Facebook can always decide to not put things there. A country. I mean, do they have sovereignty over their citizens and what their citizens can access and do? Sure. I don't know what the law is on this. What happens at a global market is going to have to compete national this is interesting. We've been saying this, though, for like decades and we're still not there yet. On the show for decades. But that long, yeah. Not only is the problem that Facebook's market power increases by denying or limiting other platforms access to giphy gifts. Get it right. Gifts. If we're changing the terms of access to its gifts for competitive sites, they also said the deals anti competitive because giphy had an advertising business, which Facebook shut down. And they said, you know what? That advertising you bought giphy also because that advertising business competed with yours as a result regulators said Facebook will also be required to reinstate the innovative advertising service giphy offered before the merger. I've got to go to Discord to see.

Facebook UK giphy
"bret taylor" Discussed on This Week In Google

This Week In Google

01:37 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"And you know the fun thing to do just browse around. I guarantee you you're going to look at some of these nano degree programs. Yeah, no, I want to do that. You DA CITY Udacity dot com slash twit. This is how you get a $100,000 plus tech career in just three months. Audacity dot com slash to it. All right, Stacy. How many qubits would it take to crack a 4096 bit? RSA private key. Oh, 4019. Oh no, you can do ten 24 if you want. That's okay. I have a 2042. 2049. 2040. Okay. You can actually so in 2019, Google and someone from Sweden's royal institute of technology figured out they could do it with just 20 million quantum bits. Oh, 20 million. Now, how many do we have 2 million? How many have so far? 256. Okay, good. I feel safe. Hold on. There's a two pronged answer to this. One is to get the exact number into complete shores algorithm. Yes. For encryption? Yes. But there's another way to do it where it's kind of like probabilistic computing, where you get close, but maybe you go about it a slightly different way. Yeah. And the Chinese in 2020, they found a way to use D wave's quantum computer to factorize large integers and bypass shor's algorithm completely and they think they can do that with hold.

royal institute of technology Stacy Sweden Google
"bret taylor" Discussed on This Week In Google

This Week In Google

02:15 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"It high? I can't really move on. You see it? Made in Maine. Made in Maine says that doesn't it? Made main USA. Now your finger smells too. Does that smell? I have 20 times. And to be honest, does it smell? Villainous finger? Oh no. This show is at a new low. Okay, let's talk about what other stories you struggle with. Anything else. Back on the tracks. There's a chip stories, daisy. There's two chip stories. That'll save us. What's the chip story? I don't know. I think it's boring, but still making it interesting. No, no, no, no. Oh, let's talk about the story. There's a really good Tesla Model story. That's a good one. Oh. The dog says. It's hard to breathe. The Tesla story? PayPal says spending via its buy now pay later service soared for 100% on Black Friday. Is it the people? Is that how poor people buy things? It's an honest question in an honest answer. Yes. You know, that's why your poor. Exactly. You don't have your money. You spend the money you don't. Exactly. It's all predatory. Big story. I got one that Stacy is going to go, oh. I'm ready. No, actually you're not. Mehta has chosen Amazon Web Services as its long-term strategic cloud provider according to protocol. A big win for AWS, I think, if meta, which is I thought this was so weird because meta Facebook was one of the pioneers behind open compute. Right. All the way back in 2008, I was quizzing Mark Zuckerberg on how many servers they had because it was a really interesting number. And I for the longest time thought they would really like this story. Push out. Oh, I'm sorry. You're right. You didn't get a new, but you got another exciting..

Maine Tesla USA PayPal Mehta Stacy Amazon Mark Zuckerberg Facebook
"bret taylor" Discussed on This Week In Google

This Week In Google

03:19 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"Your house, demanding money. Appreciate this. Today, the support. I appreciate the support. All right, aunt may show up here. Oh God. Terrifying. Terrifying. Run. Black Friday. Not great. It's not a thing anymore. Not a thing. And a novelty is worn off. The whole long lines and stuff. I have to remember, Thanksgiving, leaving my mother's house on Thursday evening and whatnot and getting on I 85 north to head back to Charlotte in there's always this traffic heading out to the different exits near malls because people were going shopping. Lisa, our sister, eating their meal used to get up at four P 4 a.m. on Thursday Thursday night Friday morning to go to target for the door busted specials. I don't think people wherever you see all those. Yeah, you don't do that anymore. News stories about people crushed. You don't see that anymore. I think there's a few things going on. Black Friday shopping dropped 28% from pre-pandemic levels. Now, this is according to Adobe, and this is to big brick and mortar stores. Online was about even with last year. So some of it is it went to online. But I have a new theory that nobody has mentioned. I think there's also a move to buy local. And those aren't getting counted by Adobe because they're small mom and pop stores. And I wonder because I've noticed weird, Lisa and I are doing that for our Christmas presents. We're shopping. Rich people buy local. I'm gonna say rich people. Yeah. I'm serious, buying locals expensive. So rich people. And there's small business Saturday, but really what here's what it is. This year you got the pandemic. You also got the worries about supply chains, so people started doing their sales early. They've been selling a lot longer. Yeah. Yeah. And then you've got the online shopping, most people would rather do online shopping many retailers to not even open on Thanksgiving. And so I think this is to brick and mortar stores on Thanksgiving Day cratered 90% from a year ago. That's according to censor. Two years ago. That may also be workforce issues. A lot of people target decided to close on Thanksgiving. Walmart Best Buy all my local Starbucks is closing every day at 1 p.m. now. 1 p.m.. You need more teenagers. Have you noticed this? I'll try to make some. Get on that. I noticed this downtown Starbucks two 15 years. It's filled with high school kids. This is instead of going to the mall, they go to Starbucks. They do their homework. They sit at the tables. They drink coffee, they chat. It's a social thing. It sure is. Is that me? They've been doing that for like ten years. Yeah, I know. Just noticing. Yeah. Oh. Well, I think that's interesting. But I think the reason that your Starbucks Jeff closes early is because everybody in your neighborhoods in bed buddy. No, I think it's a labor. I think they're trying to hire people. Tough out unionizing. They're more paid more than they don't want to pay more. They're fighting the unionization so they'd rather close the stores and make less money. I'm shocked I haven't seen a business story about this. Just shocked. You know? You said this, but this is only yours. I know that my all around me. My service are.

Lisa Adobe Starbucks Walmart Best Buy Charlotte Jeff
"bret taylor" Discussed on This Week In Google

This Week In Google

06:50 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"What if you go to a demonstration that has a lot of undocumented immigrants who are this happens this happened in northwestern university where the paper took photos on campus of people in the demonstration and some of them said, wow, that's good. Let me read, maybe you haven't read the actual policy. This policies not applicable to media featuring public figures or individuals when media and accompanying tweet texts are shared in the public interest or add value to the public discourse. So they've got to make a judgment about that. And I think I'd rather have them. That George Floyd video, that exempts a lot of well, when does it become, when does it become in the public interest? That's the I think all journalism pictures. No, I think all journalism would be add value to the public discourse or in the public interest. 17 year old young woman who took the video of George Floyd was not a journalist about a journalist. Not media. That's the point. So at that moment, some moderator says, well, look, let's look at the rules. Not a public figure. Not give permission. It's all. I think this is clear enough that a moderator understands that if it's harassment, it should go down, it should go down. That's what they're saying. Policy should be written as. That's my point. If the purpose of dissemination of private images of public figures or individuals were part of a public conversation is to harass intimidate or use fear to silence them, we may remove the content in our line in line with our policy against abusive behavior. Right. But above it just says outright that photos with our permission are not to be on Twitter. That's the problem. That statement, then we'll get this interpreter in all kinds of ways because that's the line of the bullet so this is not allowed. Without permission not allowed. Period. And other things will fall out from that. There should have the caveat should be there. I think this is, I think this is fixable. What's that fixed? What's that button you have the moral panic button? It's not here. Look, you Stacy away. I don't think this I think you're presuming there's problems ahead of time. Well, how long does anybody complain about the Internet all the time as well? This is the time to have that discussion. I think this is well designed, actually. And it's pretty clear in its intent. And obviously, it's not a legal document. It's not a contract. It's just an expression of what they're intent is in terms of moderation. And I think that it will be done properly. If it's not, then people can bring it up. But I think this is exactly right that if it's shared in the public interest or Ed's value of public discourse, will it allow it? If it's done to harass people, we will not. Here, let's bring up as an example. Marjorie Taylor Greene or no, no, no, Lauren bobert, calling Elon Omar a terrorist. Now they're both public figures, it is probably not shared in the public interest or adding value of the public discourse. It's probably intended to be harassment. I think Twitter, there's enough room in here that Twitter can make a judgment call. They're going to have to is if you want something that's written so tightly that there's no judgment involved. I think you're out of luck. No, I want Trump. I just wanted this relevant to the point, which is Harris. Rather than having to think about that. Well, I understand the bullet points there, but the bullet point is not the legal contract. It has that way. I guarantee you cops are going to use it that way. Well then Twitter has the right to say no. Because look, it's shared in the public interest. To harass you, it's because you murdered somebody. Here's another example. So let's take a picture. Let's take a screenshot of the three of us. Or Stacy, she's back the four of us. I'm back. I had to open the door for my dog. I'm going to read on, wait a minute. We recognize there are instances where account holders may share images or videos of private individuals in an effort to help someone involve in a crisis situation, such as in the aft, this is specifically written for George Floyd, such as in the aftermath of a violent event or part of a newsworthy event due to public interest value. And this might outweigh the safety risks to a person. That's a judgment. We will always try to assess the context in which the content is shared and in such cases we may allow the images or videos to remain on the service. I think this is actually quite well written. And I think it's appropriate. I don't think it was a reason to write. I don't think I just think we just disagree about the execution. I don't think there's a REIT. I don't think there's a reason to fear this. I think this is, look, we keep saying we want Twitter to do something about this stuff. They do something. And now we equivocate and quibbles. We want clarity and so Kathy Gillis, I think was great about this. By the way, we should have heard on the show. She's great. I'm trying to find her, I can't find arthritis. She's one of the best at three today. I'm not alone in this. There were a lot of people who raised the same issues, which means that it wasn't clear enough, and it just needs to be clear. That's all. It's not a big deal. I had a New York Post reporter called me today, wanting to find this came a day after Jack left has been so they said no. No. And they wanted to find it was a whole thing. I said, no, it doesn't relax. It's just that some of us are saying there could be unintended consent. I think it's quite like I disagree. For instance, we would take into consideration whether the image is publicly available and or is being covered by mainstream traditional media or if a particular image and the accompanying tweet text adds value to the public discourse is being shared in the public interest or is relevant to the community. I think this is fairly clear about their intent. And I think their intent is a 100% right on. Now let's wait and see what happens. But I think it's much more likely that they're just not going to enforce it, then that they're going to enforce it poorly. I think that much more likely this is lip service because then you're going to have people on the right coming after them and saying, I asked for taking on my photo by making fun of me and they wouldn't do it and they're going to find them. I think there's enough places in this copy where they could say, no, no, read line 50. It says in the public interest, I don't see this being a problem that way. So we disagree there. We'll wait and see, but we're not a big disagreement here. That's badly. I'm really glad they did this. We've been wanting Twitter to take a stand on this. Because that to now they don't. And they take pictures on the public figure, so I accept that. They take pictures of my family and post them. And I can't get them down. So now I have a foothold to get them down. I think that's a good thing. Nice. Denise house summarize it on Twitter. In general, under U.S. law and individuals reasonable expectation of privacy when out and about in the public places low. Well, that factor into Twitter's analysis of.

George Floyd Twitter Marjorie Taylor Greene Lauren bobert Elon Omar Stacy northwestern university Kathy Gillis Trump Ed Harris New York Post arthritis Jack Denise house U.S.
"bret taylor" Discussed on This Week In Google

This Week In Google

02:14 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"The advertising is there. I always think, oh, I want to click on that. It's promoted. I'm glad I didn't. So it was about two points. Thank you very much for that. I would submit that the reason your first point doesn't work is because Twitter is unique. So your first point you're talking about an area where there's many many different publications. But I don't think there's anything like Twitter. Twitter is a unique experience. So I think anything that says, let a thousand flyers bloom, that's not the point. Everybody goes to Twitter because that's where there's a billion twitters though. You and I don't see the same Twitter understand. You hate it. There's still one Twitter, even if there's even if it's customizable, you go to Twitter. You don't go somewhere else. If I was just on Twitter and I saw somebody's name, and I thought, is he dead? And the reason in the trending. And never look at trending. You never never never go. Well, on the Twitter front page, it's there. I hate to say it. I understand. I've never seen it. You use it wrong. So anyway, no, I'm the one who likes it. You're the one who's in the world. I think most people should be about it. Twitter certainly would prefer this go to the front to go to the website at the front page. Yeah. I actually use tweet deck and I don't see any of that stuff. But really, if you go to the front page, that's what you see. But that's the point. This is where it's happening. This is it. This is ground zero. That's old mass media thinking. That's not what that's what they have to get rid of. I would get rid of trending entirely. And the idea that there is one Twitter and Twitter says Twitter left Twitter to this is BS, there is no Twitter. There's a whole bunch of fascinating and amazing, wonderful informative voices along with some jerks and a holes. And the point is to find the ones that you like, and the ones that I like are going to be different, and that's okay, and there's value to be found in there. Wait a minute. But this isn't exactly like the old way of New York Times. This is Twitter isn't monolithic in that sense. It's only monolithic in that it's all happening at Twitter dot com. So I think it's the best of both worlds. It is absolutely who had ever feed you want to make of it, but it all happens at Twitter dot com and because it all happens at a time, you can do that. You can conform it. And I'll.

"bret taylor" Discussed on This Week In Google

This Week In Google

06:31 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"In 2009. I hope that much. He's going to stay on the board for a little bit, but he really wants to leave. And he says, I'm going to leave because I don't want to be over seeing parag to have his and by the way, this is a weird transition, because usually there's months of preparing. I'm going to leave and June 1st. Nothing. Parag started that day. They had a long search going on, he said. So it's been going on for some time. Okay. Brett Taylor will be the board chair. Which I think is really Brett got two jobs this week. Yeah, he did. Co CEO of Salesforce and the board chair of Twitter and Brett is a really good guy in the valley. And co CEOs are always a terrible idea. Yeah. That's all I'm going to say. I want you to know this was my decision, says Jack, I own it. I was a tough one for me. I love this service and company, and all of you so much. I'm really sad yet, really happy. There aren't many companies that get to this level and there aren't many founders that chose their company over their own ego. I know we'll prove this was the right move. I had a cryptocurrency aspirations too. Oh, yeah. Well, interestingly, parag Agra wall was also in charge of Twitter's crypto stuff. I presume still will be. CT. The belief is he'll carry on blue sky. Yeah. And trying to come up with a distributed architecture, which is where I have the biggest hope. We've talked about the show a few weeks ago. I think there's a lot of hope for the next level of the Internet. And that kind of distribution that kind of value. From the point of view of a for profit company, it's kind of hard to see how that helps Twitter be a successful company. I think there's a lot of value added services that can put on top or should pay for, which would get premium advertising, which could have commerce. I think there's ways to have basically scores of twitters. Is what I see with blue sky. What about Ben Thompson's take? I didn't have a day to read it. He writes long story. Bottom line. He says, well, it's actually quite interesting. He talks about Twitter's advertising problem. And I think he characterizes Twitter in a way that those of you who really love Twitter and I'm talking about Stacy and Jeff like Twitter as well. Okay, so you too might agree with he says Twitter is intense and combative. It's a lean forward experience, and far more likely to be tied to something happening in the physical world, whether that be watching sports or politics or doing work. In other words, you're leaning into Twitter. He says this matters for advertising, particularly advertising that depends on a direct response, which Twitter has been forced to resort to. When you're leaning back and relaxed, as in, say, Instagram, why not click through to that Shopify site to buy that Nick Mack, you didn't even know you needed how many times have I done that. When you're leaning forward though, and I think this is true of Twitter users. You don't have the time or the inclination. If you're doing Twitter, you're really not clicking add links. You're seeking information. Yeah, but I've got another theory. Well, wait a minute. Let me give you all the standards. It takes a while. Hey, I'm saving you hours of reading, dude. Thank you. Yeah. This ties into Twitter's third big problem. I forgot what the first one was. It was a 100,000 sentences ago. It ties into his third big problem. The number of people actually want to experience the Internet this way and this lean forward active way is relatively small. There's a reason that Twitter's user base is only a fraction of Instagram. It's not a lack of awareness. For sure, everybody knows about Twitter. The reality is most people are visual, Twitter's textual. Which of course is exactly why Twitter's most fervent users can't really imagine going anywhere else. You three are the exact prototypes like that. So he says you're going to have a problem making money on Twitter in the old fashioned way with advertising. He says, you know what Twitter should bite the bullet and become a subscription service. It did? Well, fully subscription paywalls. There's so let's review. There's both little evidence that Twitter can monetize via direct response marketing. A reason to believe the problem is not simply mismanagement, I agree. I think it's structural. At the same time, Twitter is absolutely essential to a core group of users who are simply not simply unconcerned with the problems inherent to Twitter's model, public broadcast model, the abuse and mob behavior. They don't care about that. But actually, find the platform indispensable for precisely these reasons. Twitter is where news is made, shaped and battled over, and there's very little chance of another platform displacing it in large part because no one's economically motivated to do so. They look at Twitter and going, yeah, I'm not doing that. So given this, why not charge for access? Two things. One is, I think you can, but if you have these value added layers, this is what Jack said when I said this on Twitter, he came back and said exactly. I said that blue sky thinks that the speech layer is going to be the commodified layer. And then you add value later is on there. I want to find the authoritative people. I want to find the entertaining people. I want to find the relevant things. I want to find stuff and others can come along and create those value added leaders and charge for those. Charging for a place to go talk and blather? No, we got plenty of that. But to go to the effort to find something on top, this is always what happens. It happened with, I'm sorry, I'm going to say this Gutenberg. It happened when we hit the turn of the last century when magazines exploded. There's efforts to say there's a wealth of things going on. How do we find stuff? Can I get yeah. I didn't know you had two points. Go ahead. I told you, did you let me make it before? About the advertising? I lost track of the points. Go ahead. Okay. Simply put the advertising on Twitter sucks because you feel like you've been fooled every time you click on it, which is not good. And I think that what Twitter should do is what BuzzFeed did and what vice did in their days is they need to open their own agency where we say we know how to make advertising that works on Twitter. You idiots don't. And they haven't done that and they've got to invest in advertising that would be relevant or would be worthwhile to do something..

Twitter parag Parag Brett Taylor parag Agra Brett Nick Mack Instagram Salesforce Ben Thompson Jack Stacy Jeff BuzzFeed
"bret taylor" Discussed on This Week In Google

This Week In Google

03:52 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"That. Twitter. Yeah, very good. Boy, you got a good memory. Sometimes. And Noah glass was the guy who thought it up. But these guys were all there. Anyway, 16 years having a roller company from cofounder to CEO to chair to executive chair to interim CEO to CEO, Jack says it's time for me to leave. Why? Well, no one knows. No one knows. Well, actually, Dan primak had a really good story. Talking about what's the theory? His theory is that Elliott management was unhappy with it. That happened last summer. Last march in Twitter, they gave Elliot a board seat. And things. But behind the scenes, Elliot had won a new management and more products innovation. And I think they just kind of influenced the ask until they got it is kind of his theory. The question pushed it and pushed it. Or Jackie, it made sense to people. Well, one of the things Elliot, who Elliot, these folks Elliot management are what they call activist investors. They buy a stake in a company, big enough stakes, so they get listened to. And then they go in and they really do try to shake things up. Clean house. And one of the things they didn't like was the fact that Jack was splitting his time between Twitter and square. There's other companies. So he's going to stay at square. I think also, there's something to be said. Let me see if I bookmarked this. Did you see how he says the whole founder lid is pretty much a problem nowadays? It becomes one at some point kind of, right? Wasn't he kind of saying that, but it's okay for a while. Who said that? Jack said it. In that statement. Yeah. There's also there's also I can't remember where I read it, but it was an article saying, it's interesting that all of these people are leaving just as soon as it becomes hard. Exactly. Exactly. Stuff is hitting the fan and there's all kinds of colors out of here. Around your platform and people are calling you out because everybody has a megaphone to do so now. So yeah, taking that money and running. The new CEO, it's funny, the stock market when they saw the rumor that Dorsey was leaving Twitter stock went up. And as soon as they heard who was replacing and Prague Agra wall, they went, oh, and the stock tumbled. He's a CTO. And the reason the thinking is that stock market didn't like it because he's an insider. And they wanted fresh blood. They wanted somebody who come and figure out what is really the challenge for Twitter, which is given its success. It's position in the mind share of America, not necessarily the number of users because that's not really growing. But it should be doing better. It should be making more money, and why isn't it? That's what the stock market's asking. And they figured, well, agrawal is just going to do the same thing. I'm sorry. Agarwal? Yes. AG RAW AL, so I'm saying it phonetically accurate. But I don't know. Wait, Jack founded square. Along with F Williams, no, no, you don't. Yeah, yeah, Jack. Jack's baby. Yeah. So he's. There's a famous story of him going to a maker space and actually 3D printing the first because the whole thing about square was you got started for free. They'd send you the card reader. They would go in your refund into the headphone Jack. Remember those? Headphones. And there's the stories he would go to the maker space. I think in the east bay here and 3D print them till he came up with he was very involved in other words. Yeah, but I'm just saying that because he's he was complaining about founder led companies. Right. Well, he's a square versus Twitter. Is it much younger?.

Elliot Twitter Noah glass Jack Dan primak Elliott Jackie Dorsey Prague agrawal Agarwal AG America Williams east bay
"bret taylor" Discussed on This Week In Google

This Week In Google

01:40 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"Craig, Craig, Craig, Craig, Craig, Craig. Ignore showing that a front to the musical spirit and Craig moved newmark graduate school a journalism at the city university of New York between our third was worse. Is the theme worse? Okay. No. You think a Monty Python? What a great TikTok account. And a lapwood organ. Maybe I should get a lapwood and her organ to play our theme. Oh, boy. I don't think I should do it. And then lapwood organization. I think it's one word. Okay, well, I just searched for three, and see what I find. So Leo, I will tell you, I found we were talking about coffee makers before the show. Yes. I found a cuisinart that grinded brew single serve system perfect that will support K cups, but also will grind the beans if you want. And put them in a recyclable cake. That's perfect. Use. So let's do this, by the way, she's an organist conductor and broadcaster. All right. Yeah, she's quite amazing. There's a lot of fun on TikTok. Here's a little organ. You got to start it over again. The sound. You check your sound. It does not work. You check this out. She's like in a big concert hall. That's like an opera. Albert Hall. Yeah, 'cause I can I can feel them..

"bret taylor" Discussed on This Week In Google

This Week In Google

01:56 min | 5 months ago

"bret taylor" Discussed on This Week In Google

"Who his replacement will be. Some ideas for Twitter's business model going forward, Black Friday shopping and why it's dropping and then all the new features coming to Google there's quite a few for the holiday season. I think we've got a jam packed show ahead. This week in Google, is next. Wanna see my shoe? Podcasts you love. From people you trust. This is twit. This is twig. This week in Google, episode 640, recorded Wednesday, December 1st, 2021. Oh, that bread Taylor. This week at Google is brought to you by our crowd. Our crowd helps accredited investors invest early in pre IPO companies, alongside professional venture capitalists. Join the fastest growing venture capital investment community at our crowd dot com slash twig. And by Udacity. Udacity offers online education that geared towards people looking to take their technology to the next level. Get the in demand tech skills you need to advance your career. Visit Udacity dot com slash twit to learn more. And by cash flying. Give your users the seamless online experience they want. Power your site or app with cash fly's CDN and be 30% faster than the competition. Learn more at Twitter, the cash fly dot com. It's time for twig this week and Google a show where we cover the latest news from Google and the Google verse, including the metaverse. I can say that now. The man averse. The twitterverse, that kind of thing. Stacy, higginbotham is here. Nicest person longest name Stacy on IoT dot com. Great to see you Stacy. Hello. Hello..

"bret taylor" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 5 months ago

"bret taylor" Discussed on Bloomberg Radio New York

"ESG book created by the data firm arabesque aims to present corporate disclosures around the world in a standardized and comparable way Companies can then report their emissions and other relevant data directly onto this database anytime and then map those metrics against different legal requirements the online platform will also mostly be free to use very interesting story that we're going to get more detail on with the president of arabesque Daniel Clarke who joins me in just about 20 minutes time here on Bloomberg radio Also let's talk corporate results this morning Sales force gave revenue and profit forecast for the current period that fell short of estimates that story now for Bloomberg's Charlie pellet San Francisco based Salesforce is the top maker of cloud based customer relations software It projected sales of as much as $7.25 billion in the first quarter ending in April analysts on average estimated 7.35 billion the guidance suggests that some Salesforce customers may be reluctant to pay for new projects as COVID-19 cases flare up and the omicron variant emerges The company separately announced it was promoting Bret Taylor to co chief executive officer with Mark benioff who will also remain board chair Taylor has been president and chief operating officer since 2019 In New York Charlie pellet Bloomberg daybreak Europe And just finally some personnel news UBS has named Sarah youngward as its new CFO young wood will join the executive board at the beginning of March and take over from Kurt Gardner as CFO in May young would join some JPMorgan Chase where she was CFO for its consumer and community banking line of business going back to 2016 Right those were a few of our top stories Let's get over to Bloomberg's Leanne.

arabesque aims Daniel Clarke Bloomberg Salesforce Bret Taylor Mark benioff Charlie pellet Bloomberg daybreak Europe San Francisco Sarah youngward Kurt Gardner UBS Taylor JPMorgan Chase New York Leanne
"bret taylor" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:59 min | 5 months ago

"bret taylor" Discussed on Bloomberg Radio New York

"Spree And for a 5th day the embattled theranos founder Elizabeth Holmes takes the stand The latest twist in her testimony holds claims she was raped at Stanford We'll ask a top law professor What he makes of her defense We'll get to all that in a moment but first let's go to look at the markets where comments from fed chair Jerome Powell weighed heavily on the major benchmarks Bloomberg's pretty Gupta with us for the details Katie walk us through the day Yeah Emily a double whammy when it comes to the stock market in particular especially when it comes to toast tech stocks which really weren't able to lift the market higher at the far start You had futures just lower right off the bat A lot of this has to do with that COVID uncertainty What is the Omni bare cron variant excuse me Is it actually as dangerous as say some countries are willing to bet that it is really locking down into that and really uncertainty that you're seeing way on the markets here The S&P 500 down 1.9% the NASDAQ just slightly better than that but still down one and a half percent The vix is really what I want to keep our eyes on because it's up to a 27 handle The equity volatility really catching up to Bond volatility Now we have let's get to the other part of the equation which of course is chairman Powell Coming on saying well we might actually start to pick up the taper a little bit and address the supply issues which is essentially inflation at the core of it So you did start to see 30 year yields actually dropped to the lowest since January I bring up 30 year yields Emily because this has a lot to do with tech They're actually seen as long duration assets which is really why we like to sew together the tech world and the bond world The idea here that the curve the treasury curve it's flattening There's no longer a premium and extra bonus that you get for actually taking on that risk And if you start to see that sentiment way into tech as well you could start to see tech actually lead the declines rather than outperform Let's hit the micro really quickly and end with that with Salesforce because it is down after hours down almost 6% This of course coming after they did beat their earnings but they also gave a very disappointing sales and profit forecast as well And excuse me talking about promoting Brett Taylor to becoming chief co executive officer but Emily right now is that forecast that's really weighing on the stock after hours All right big news over at Salesforce kriti thanks so much for breaking it down I want to continue with Salesforce now the stock falling on that disappointing profit and sales forecast But again in a separate announcement Bret Taylor has been promoted to co CEO with Mark benioff who will also remain board chair Taylor has been president and chief operating officer of Salesforce since 2019 For more I want to bring in Liz Herbert forster research vice president and principal analyst This has been speculated about Liz for quite some time What do you make of this announcement Exactly I think it's no surprise Brett has been there He came in actually through a collaboration oriented acquisition that's clearly a direction that they continue to invest in most recently with the phenomenal slack acquisition the biggest in their history So no real surprises for most that he's now being elevated yet again to the co CEO I actually asked Brett Taylor this very question about 6 months ago on the show whether there was any truth to the rumors Take a listen to what he had to say that It has been speculated that you are the heir apparent to potentially the CEO job at Salesforce Is there any truth to that Well I can't comment on that but I will say we actually talked I think you know just a couple of weeks after I sold my company crypto Salesforce and I can't say I imagine sitting in this chair right now And it's been by far the most fun time of my career And both my relationship with Mark which is amazing as a mentor and a friend but also just being at this company right now As I said to be able to provide digital technology to so many companies who absolutely need it right now is the most privileged position I could be in Both as a designer software but also as someone who has formed great relationship with so many of our customers So I'm really happy and obviously can't comment on that rumor but I'm very happy in the job I've been right now Brett Taylor handled the slack acquisition almost entirely which was an incredibly large acquisition even Mark benioff told me that but how do you think they're going to divide responsibilities How will this co CEO role actually work Let's remember this happened before with Keith black who was also promoted to coast CEO and that didn't last too long That's right Well in general most companies don't have a co CEO You saw that at their competitor SAP for a while and they reverted back to a single CEO You know but likely Mark will move on to other things right His real passion is so much greater than this very successful cloud computing company There are so many other causes that he lives for and that he promotes And so likely I would see over time a gradual increase of Bret's responsibility So that Mark can go on to some of those other activities that he's interested in And that he's also been very successful in really changing the world in a lot of levels whether it's the one one one model or of course him and his wife what they do for healthcare in the hospital and just so many different organizations that they contribute to So what do you make about the forecast I mean do you have any concern This is a company that is competing in a world of software giants and commanding a premium price Exactly So you know Salesforce first of all they're very aligned with what we see today Companies are reinventing themselves cloud increase and accelerated during the pandemic They are right there You know they are the original SaaS company the SaaS poster child And they're very much thought of as a platform to enable a company's digital transformation They're also in the world of customer which we've seen a lot of investment in and increasingly in the world of employee All areas of growth and investment Salesforce over history has had a lot of ups and downs with profitability This is normal for them You know they spend a lot on sales and marketing Some of that has been because they're paving the way in sass They've had many unprofitable quarters They've had great profitability sometime So.

Salesforce Brett Taylor theranos Elizabeth Holmes Jerome Powell Mark benioff Salesforce kriti Bret Taylor Liz Herbert forster Emily Bloomberg Stanford Katie fed Powell treasury Keith black