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The most valuable crypto stories for Wednesday, August 3, 2022.
"The Hash" hosts discuss a Wall Street Journal report saying that Facebook will bet big on the creator economy. Also, they dive into the Solana wallets hack and the staff layoff at broker Robinhood.
See also: Solana Wallets Targeted in Latest Multimillion-Dollar Hack
Broker Robinhood Slashing Nearly One-Quarter of Workforce
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Airbnb's record bookings in the 2nd quarter weren't enough to boost the stock higher. Why?
(0:25) Tim Beyers discusses: - Airbnb's highly questionable decision to allocate $2 billion for a share buyback plan - Match Group shares hitting a new low as the business clearly has work to do - MicroStrategy CEO Michael Saylor stepping down after the company reports an eye-popping loss of $94 a share
Sign up for Stock Advisor at http://fool.com/foolfest and you’ll get a complimentary digital pass to our FoolFest 2022, our 2-day investing conference!
(13:35) Ricky Mulvey talks with WSJ tech columnist Christopher Mims about Meta Platforms, Apple, and how companies are really using artificial intelligence.
Stocks discussed on the show: ABNB, MTCH, BMBL, MSTR, META, AAPL
Host: Chris Hill Guests: Tim Beyers, Christopher Mims Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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Brendan Nyhan is a presidential professor at Dartmouth College's department of government. He joins Big Technology Podcast for a discussion that pushes back on the notion that social media is destroying our society and making us stupid. With this thoughtful analysis, Nyhan adds a bunch of nuance to the discussion. This episode is effectively pt. 2 of our conversation with Prof. Jonathan Haidt a few weeks back. While Haidt believes social media is breaking our society and threatening democracy, Nyhan says hold up just a second.
By the way, here's a new thing I did: For a behind-the-scenes look into some of my research for this episode, you check out my Pocket Collection (which is filled with the links) at: getpocket.com/bigtechnology
By Idra Novey
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Across the United States, would-be homebuyers are telling a similar story: after weeks or months of searching, they finally find a home they can afford -- only to be outbid by another buyer, often offering to pay in cash, at thousands of dollars above the asking price. What's going on? According to multiple reports, the answer isn't just wealthy families -- instead, they argue, financial institutions are moving in, buying up not just homes, but entire neighborhoods. Is this just a rumor? Is there something more to the story? Tune in to find out in part one of this two-part series.
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