Pivot Fed cuts interest rates (and banks lobby for deregulation), Facebook’s Libra fades… Dorsey’s next move and moments of happiness
Mar 6, 2020
The hosts dive into the Federal Reserve's interest rate cuts and the banking sector's push for deregulation amidst the pandemic's economic impact. They dissect the struggles of Facebook's Libra cryptocurrency and its redesigns, reflecting on broader challenges faced by the crypto market. An intriguing listener mail segment reveals insights into data privacy issues with online therapy apps. The conversation ventures into predictions about Jack Dorsey’s future with Twitter, sparking lively disagreements, all while sprinkling in personal moments of happiness.
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Risk Assessment
- Scott Galloway believes South by Southwest shouldn't be canceled based on current CDC guidelines.
- He argues against fear-driven decisions and for calculated risk-taking in life.
Deregulation Dangers
- Banks seeking deregulation during the COVID-19 crisis is opportunistic and dangerous.
- Increased regulation and CDC funding are necessary to prevent future crises.
Facebook's Libra Failing
- Facebook's Libra is failing slowly due to the company's lack of trust and overreach.
- Scott Galloway finds joy in their slow failure, highlighting the importance of failing fast in business.