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cover of episode Stock Market Surge, Kara's X Defection, and Guests Samantha Bee and Joanna Coles

Stock Market Surge, Kara's X Defection, and Guests Samantha Bee and Joanna Coles

2024/11/12
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Key Insights

Why did Kara Swisher decide to delete her Twitter account?

Kara Swisher decided to delete her Twitter account because new terms of service require users to agree to lawsuits being held in a federal court in Northern District of Texas, which she finds unusual and potentially biased. Additionally, users agree to their data being used for AI model training, which she wants to avoid.

Why did the stock market surge after Trump's victory?

The stock market surged after Trump's victory due to expectations of corporate tax cuts from 20% to 15%, which would increase corporate profits and, consequently, stock values. The market also prefers certainty over uncertainty, and the election outcome provided clarity for the next four years.

What role did right-wing media play in Trump's election victory?

Right-wing media, including podcasts, YouTube, and non-traditional platforms, played a significant role in Trump's election victory by providing a platform for his message and reaching audiences that mainstream media might have missed. These outlets fed their audiences with slanted and distorted information, contributing to his success.

How does Scott Galloway view the future of podcasting?

Scott Galloway predicts that podcast revenue will grow faster than Meta, Alphabet, or Amazon in the coming year, driven by advertisers following attention and the value of younger, more valuable consumers. He also notes that YouTube is becoming a significant platform for podcasts, indicating a shift in how content is consumed.

What does Joanna Coles think about Trump's motivations for his second term?

Joanna Coles believes Trump's motivations for his second term are driven by his desire for admiration and to be seen as the 'king of the world.' She suggests he wants to enjoy his time in the White House without the threat of jail hanging over him, focusing on immigration and potentially the economy, though likely in a way that provides photo opportunities and personal satisfaction.

How does Samantha Bee view the current state of political comedy?

Samantha Bee views the current state of political comedy as a landscape where she can choose to do projects that personally and professionally please her, rather than feeling obligated to reenter the world of political comedy if there's no place for her. She is focusing on doing things that interest her and provide personal fulfillment.

What is Joanna Coles' strategy for The Daily Beast's future?

Joanna Coles' strategy for The Daily Beast's future involves right-sizing the business, changing the content management system, and focusing on original journalism, summaries of other stories, and opinions. She aims to expand the Beast brand and make it economically sustainable through subscription growth, advertising, and events.

Chapters

Kara and Scott discuss the stock market's surge following Trump's victory and the potential implications for investors.
  • Stock market indices hit record highs after Trump's win.
  • Tesla's stock surged, driven by Elon Musk's influence rather than fundamentals.
  • Trump's proposed tax cuts could boost corporate earnings and stock prices.

Shownotes Transcript

Kara and Scott discuss Wall Street hitting new highs in the wake of Trump's victory, and whether Trump will face off with Fed Chair Jerome Powell. Then, how big a role did right wing media play in the election, and can the left take a page from that playbook? Plus, as X's new terms of service go into effect this week, Kara explains why she's finally deleting her account (no, for real this time). Our Friends of Pivot are the co-hosts of The Daily Beast podcast, comedian and writer Samantha Bee, along with Daily Beast Chief Content Officer Joanna Coles.

Follow Sam at @realsambee) and Joanna at @JoannaColes).

Follow us on Instagram and Threads at @pivotpodcastofficial).

Follow us on TikTok at @pivotpodcast).

Send us your questions by calling us at 855-51-PIVOT, or at nymag.com/pivot).

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