Pivot Twitter subscription service, Tesla invests in Bitcoin, and Friend of Pivot Acting FCC Chairwoman Jessica Rosenworcel
Feb 9, 2021
Jessica Rosenworcel, the Acting Chairwoman of the FCC, shares her insights on expanding broadband access, highlighting its crucial role during the pandemic. She discusses the digital divide affecting low-income households and the importance of equitable internet access for education and telemedicine. The conversation also touches on Tesla's hefty investment in Bitcoin and Twitter's potential shift toward a subscription model, raising questions about the future of these tech giants and the balance in responsible investing.
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Elon Musk's Market Influence
- While Bitcoin's value as an inflation hedge is acknowledged, Scott Galloway expresses concern over Elon Musk's market influence.
- He argues that Musk's ability to move asset classes with a single tweet is a negative sign for market health.
Investing Advice
- Speculative investing is acceptable, but long-term investment strategies are generally more successful.
- Day trading is risky, with 80% of day traders losing money, while long-term diversified investors tend to profit.
Apple's Car Project
- Apple's car project, Titan, is likely driven by the desire to capture more user attention, similar to their move into streaming.
- Scott Galloway predicts that a serious Apple car would significantly devalue Tesla.