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Published Jul 14, 2022

The Bear Case for Crypto — with Molly White

Scott Galloway and crypto critic Molly White delve into the pressing need for cryptocurrency regulation, revealing the financial risks to investors and media biases, while also examining Elon Musk's legal battle with Twitter and its implications for Silicon Valley's culture.
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  • Musk's Behavior

    provides a critical analysis of behavior during the legal battle with Twitter. He argues that Musk's actions have significantly damaged Twitter, affecting advertisers' trust, employee morale, and overall company stability 1. Galloway highlights the broader issue of idolizing tech innovators, suggesting that such behavior should be scrutinized in the chancery court, a specialized court for corporate disputes 1.

    Our idolatry of innovators here has to stop. And where does it stop? In my opinion, in the chancery court.

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    He also shares a personal anecdote about being blocked by Musk on Twitter, which he interprets as an attempt to gain his attention 2.

       

    Impact on Twitter

    The legal battle between Twitter and Musk has profound implications for the company's operations, employees, and shareholders. emphasizes the importance of adhering to agreements, criticizing a culture where billionaires feel exempt from the rule of law 3. He argues that Musk's refusal to honor his contractual obligations undermines capitalism and exploits users, urging Musk to fulfill his financial commitments to Twitter shareholders 3.

    Twitter shareholders are entitled to $54.20 per share. Elon, pay the fuck up.

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    Galloway warns that such behavior from tech leaders damages the economy and calls for accountability in Silicon Valley 3.

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