1 00:00:02,480 --> 00:00:08,559 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. Let me tell you 2 00:00:08,560 --> 00:00:09,520 Speaker 1: we have a new star. 3 00:00:10,520 --> 00:00:15,920 Speaker 2: A star is born Juson Kennedy. He is the Thomas 4 00:00:16,079 --> 00:00:18,520 Speaker 2: Edison plus plus plus of our age. 5 00:00:18,640 --> 00:00:21,040 Speaker 1: Probably his whole life is from a position of insecurity. 6 00:00:21,040 --> 00:00:21,800 Speaker 1: I feel for the guy. 7 00:00:22,040 --> 00:00:25,319 Speaker 2: I would say ninety eight percent really appreciate what he desk. 8 00:00:25,400 --> 00:00:28,440 Speaker 2: But those two percent that are nasty, they are our 9 00:00:28,560 --> 00:00:29,639 Speaker 2: pay in four. 10 00:00:29,480 --> 00:00:32,000 Speaker 1: Post we were meant for great things in the United 11 00:00:32,040 --> 00:00:36,000 Speaker 1: States of America, and Elon reminds us of that. I'm 12 00:00:36,080 --> 00:00:39,879 Speaker 1: very disappointed in Eilan, and I've helped Elan a lot. 13 00:00:44,920 --> 00:00:45,839 Speaker 2: Welcome to Elon, Inc. 14 00:00:46,000 --> 00:00:49,520 Speaker 3: I'm Max Chafkin and coming to you with a very 15 00:00:49,560 --> 00:00:53,960 Speaker 3: special emergency podcast today on Wednesday, July ninth. It's about 16 00:00:53,960 --> 00:00:56,640 Speaker 3: one o'clock and just a couple of hours ago, we 17 00:00:56,800 --> 00:01:00,880 Speaker 3: learned some shocking news. Linda Yakarino, friend of the show 18 00:01:01,040 --> 00:01:04,959 Speaker 3: and longtime CEO of X Company formerly known as Twitter, 19 00:01:05,360 --> 00:01:08,399 Speaker 3: is out. She has left the company. And we wanted 20 00:01:08,400 --> 00:01:10,520 Speaker 3: to talk about that because it's coming at a time 21 00:01:10,640 --> 00:01:14,880 Speaker 3: of just incredible chaos within Elon Musk's empire with all 22 00:01:14,880 --> 00:01:18,360 Speaker 3: that's going on, and I've got Sarah Fryar, Bloomberg's big 23 00:01:18,440 --> 00:01:19,160 Speaker 3: tech boss. 24 00:01:19,200 --> 00:01:20,800 Speaker 2: On the other line, Sarah, how are. 25 00:01:20,720 --> 00:01:22,920 Speaker 1: You doing well? Another big news day here? 26 00:01:24,040 --> 00:01:25,360 Speaker 2: You know what, it never stops. 27 00:01:25,640 --> 00:01:29,120 Speaker 3: And this morning I got a call from the Bloomberg 28 00:01:29,160 --> 00:01:31,720 Speaker 3: TV producers. This is how I learned about this who 29 00:01:32,160 --> 00:01:34,119 Speaker 3: wanted to talk about They also sent me this tweet 30 00:01:34,120 --> 00:01:38,240 Speaker 3: that Linda posted at ten forty am. I'm just gonna 31 00:01:38,240 --> 00:01:41,040 Speaker 3: read a little little bit from it. After two incredible years, 32 00:01:41,080 --> 00:01:43,640 Speaker 3: I've decided to step down as CEO of X. When 33 00:01:43,640 --> 00:01:46,039 Speaker 3: Elon Musk and I first spoke of his vision for X, 34 00:01:46,040 --> 00:01:47,880 Speaker 3: I knew and it goes on and on. She's praising, 35 00:01:47,880 --> 00:01:50,920 Speaker 3: actually talking about how it's the everything app. It feels 36 00:01:51,400 --> 00:01:55,400 Speaker 3: like a pretty amiable breakup. Sarah, let's just start. What 37 00:01:55,440 --> 00:01:58,160 Speaker 3: do you make of this? What do you think caused 38 00:01:58,280 --> 00:02:01,240 Speaker 3: Linda to step down? Do we think she was pushed out? 39 00:02:01,280 --> 00:02:02,640 Speaker 3: Do we think something else is going on? 40 00:02:04,160 --> 00:02:06,400 Speaker 1: Well, I mean, if you look at the at the 41 00:02:06,480 --> 00:02:11,480 Speaker 1: situation she's in right now when she took this job, 42 00:02:11,960 --> 00:02:14,480 Speaker 1: I wrote at the time, she's not really the boss, 43 00:02:14,639 --> 00:02:18,080 Speaker 1: like she's the CEO, but Elon Musk holds the strings 44 00:02:18,080 --> 00:02:20,760 Speaker 1: about how this company acts, and her job is to 45 00:02:20,760 --> 00:02:23,400 Speaker 1: bring advertisers back to the platform. She has this great 46 00:02:23,440 --> 00:02:28,040 Speaker 1: background at NBC Universal, these really tight relationships with advertisers, 47 00:02:28,919 --> 00:02:34,160 Speaker 1: and if x was committed to returning advertisers to the platform, 48 00:02:34,240 --> 00:02:36,080 Speaker 1: she would be the person to do it. But then 49 00:02:36,120 --> 00:02:39,320 Speaker 1: she's dealing with with her boss, you know, posting all 50 00:02:39,320 --> 00:02:43,200 Speaker 1: these things that make advertisers concerned about whether their content 51 00:02:43,320 --> 00:02:46,080 Speaker 1: is going to show up next to anything that he 52 00:02:46,120 --> 00:02:49,440 Speaker 1: says that's a erradic or controversial, And so she's in 53 00:02:49,480 --> 00:02:53,120 Speaker 1: this tough spot. And besides not actually being fully in 54 00:02:53,200 --> 00:02:56,000 Speaker 1: charge as CEO, although she does run the day to 55 00:02:56,040 --> 00:02:58,320 Speaker 1: day because Musk, you know, he got busy this year. 56 00:03:00,040 --> 00:03:02,680 Speaker 1: It's busy in general. She does run the thing, but 57 00:03:02,840 --> 00:03:08,400 Speaker 1: then you know, earlier this year, there's this transaction whereby 58 00:03:09,360 --> 00:03:13,919 Speaker 1: X gets acquired combined with Xai, turns into this company 59 00:03:13,919 --> 00:03:18,800 Speaker 1: called Xai Holdings, And her future is a little unclear 60 00:03:18,800 --> 00:03:20,880 Speaker 1: in that she's not even like, you know, in charge 61 00:03:20,919 --> 00:03:21,359 Speaker 1: of that. 62 00:03:21,320 --> 00:03:25,160 Speaker 3: New group CEO of one of two companies that are merged, 63 00:03:25,200 --> 00:03:27,880 Speaker 3: clearly the more junior of the two companies. You would 64 00:03:27,880 --> 00:03:30,320 Speaker 3: so almost sort of expect that that person in a 65 00:03:30,360 --> 00:03:32,359 Speaker 3: normal company, which of course none of el On Musk 66 00:03:32,400 --> 00:03:35,160 Speaker 3: companies are. You'd almost expect that person might be headed 67 00:03:35,160 --> 00:03:35,960 Speaker 3: for the exit. 68 00:03:35,640 --> 00:03:38,000 Speaker 1: At that point, and you might imagine that she got 69 00:03:38,000 --> 00:03:41,920 Speaker 1: some sort of financial benefit from that deal. You know, 70 00:03:41,960 --> 00:03:45,960 Speaker 1: there was some concern for the debt holders for X 71 00:03:45,960 --> 00:03:48,880 Speaker 1: that they wouldn't see or a return on that debt 72 00:03:49,240 --> 00:03:52,720 Speaker 1: or be able to offload it. That transaction was a 73 00:03:52,720 --> 00:03:57,640 Speaker 1: way to help out those those X investors as the 74 00:03:57,680 --> 00:04:01,160 Speaker 1: company is really struggling. I mean, this social network has 75 00:04:01,240 --> 00:04:04,760 Speaker 1: not been able to bring advertisers back effectively. They're doing 76 00:04:04,760 --> 00:04:07,680 Speaker 1: a little bit better this year, and then there continues 77 00:04:07,720 --> 00:04:12,160 Speaker 1: to be just tons of crazy things that happen every day, 78 00:04:12,240 --> 00:04:13,080 Speaker 1: including yesterday. 79 00:04:13,200 --> 00:04:14,000 Speaker 2: Yeah to that point. 80 00:04:14,080 --> 00:04:17,159 Speaker 3: Yesterday, as we're recording this on Wednesday, there was news 81 00:04:17,160 --> 00:04:20,000 Speaker 3: and I guess this really started on Monday, but Groc, 82 00:04:20,279 --> 00:04:24,760 Speaker 3: Sarah Grock went Nazi again. There were there were like dozens, 83 00:04:24,800 --> 00:04:28,440 Speaker 3: maybe more hundreds, I don't know, posts where Groc was 84 00:04:28,480 --> 00:04:31,080 Speaker 3: like talking about how great Hitler was and using these 85 00:04:31,120 --> 00:04:35,640 Speaker 3: like kind of white nationalist memes. It kind of harkened 86 00:04:35,680 --> 00:04:38,000 Speaker 3: back to an earliest incident that we talked about on 87 00:04:38,000 --> 00:04:43,400 Speaker 3: this podcast, when Groc started talking about white genocide quote 88 00:04:43,440 --> 00:04:47,400 Speaker 3: unquote in South Africa. If your job is advertising, right, Like, 89 00:04:47,480 --> 00:04:50,159 Speaker 3: there's one thing I know that advertisers are not crazy about, 90 00:04:50,200 --> 00:04:53,520 Speaker 3: and it's like Nazism. That's definitely one of one of 91 00:04:53,560 --> 00:04:55,720 Speaker 3: the bright lines that they draw. So you could just 92 00:04:55,839 --> 00:04:58,200 Speaker 3: imagine that that would have that I mean, maybe that 93 00:04:58,279 --> 00:04:59,160 Speaker 3: could have crossed. 94 00:04:58,920 --> 00:05:02,160 Speaker 1: The line or is not happy today? There are a 95 00:05:02,160 --> 00:05:04,280 Speaker 1: lot of countries in Europe that are you know, even 96 00:05:04,320 --> 00:05:08,280 Speaker 1: talking about fines or bands for for X. Yeah, it's 97 00:05:08,320 --> 00:05:11,120 Speaker 1: really crazy too that as that was happening with gro Grock. 98 00:05:11,200 --> 00:05:15,880 Speaker 1: By the way, is the chatbot that xai makes, right 99 00:05:16,120 --> 00:05:19,800 Speaker 1: And by the way, you can use x to post 100 00:05:19,880 --> 00:05:22,560 Speaker 1: at the chatbot and the chapbot might reply to you. 101 00:05:22,600 --> 00:05:25,400 Speaker 1: So that's how all these people were seeing in public 102 00:05:25,560 --> 00:05:29,200 Speaker 1: in real time, the chatpot responding. And it's really a 103 00:05:29,240 --> 00:05:33,200 Speaker 1: testament to how much chaos there's been on X that 104 00:05:33,279 --> 00:05:37,440 Speaker 1: a lot of us didn't realize whether this was intentional 105 00:05:37,680 --> 00:05:41,400 Speaker 1: or unintentional. Right, And after this bubble to the service 106 00:05:41,440 --> 00:05:43,839 Speaker 1: and became the subject of news stories about the anti 107 00:05:43,880 --> 00:05:47,920 Speaker 1: symitic content, X did take action and work to remove 108 00:05:48,000 --> 00:05:50,760 Speaker 1: the post, but there was really a question for a 109 00:05:50,760 --> 00:05:54,080 Speaker 1: while like is this is this something that they intended, 110 00:05:55,080 --> 00:05:58,960 Speaker 1: you know, for the chatbot to just go all white nationalists. 111 00:05:59,720 --> 00:05:59,960 Speaker 3: It was. 112 00:06:00,000 --> 00:06:03,440 Speaker 1: It was really crazy to see. And the chatbots said, 113 00:06:03,440 --> 00:06:05,640 Speaker 1: and we don't know, because the chatbot is an AI, 114 00:06:05,760 --> 00:06:07,800 Speaker 1: is not a human, but the chatbots said that it 115 00:06:08,040 --> 00:06:14,240 Speaker 1: was updated manually last week by Elon to have to 116 00:06:14,360 --> 00:06:17,960 Speaker 1: have a little bit more of a based attitude. 117 00:06:17,440 --> 00:06:19,080 Speaker 2: Which I don't know if we should credit that. I 118 00:06:19,440 --> 00:06:20,039 Speaker 2: think I believe. 119 00:06:20,040 --> 00:06:22,680 Speaker 3: Also, the chatbot at one point over in recent days 120 00:06:22,760 --> 00:06:25,880 Speaker 3: was responding as Elon. I mean, again, these these chatbots 121 00:06:25,880 --> 00:06:28,720 Speaker 3: are prone to hallucinations and so on, so take that 122 00:06:28,760 --> 00:06:29,640 Speaker 3: with a grain of salt. 123 00:06:29,839 --> 00:06:32,960 Speaker 2: Sarah, I'm shame of salt. Yeah, we will do this 124 00:06:33,120 --> 00:06:34,120 Speaker 2: in a more. 125 00:06:34,360 --> 00:06:37,080 Speaker 3: Full way, I think at some point on this podcast, 126 00:06:37,279 --> 00:06:39,320 Speaker 3: especially once we get Kurt Wagner on the show. Kurt, 127 00:06:39,360 --> 00:06:42,240 Speaker 3: of course wrote a book all about Elon musk takeover 128 00:06:42,279 --> 00:06:45,440 Speaker 3: of Twitter. But but just quickly, I just want to 129 00:06:45,440 --> 00:06:48,240 Speaker 3: talk about, like why we were so fascinated by Linda, 130 00:06:48,520 --> 00:06:51,520 Speaker 3: because of course there are other CEOs in Elon Musk's orbit, 131 00:06:52,120 --> 00:06:54,599 Speaker 3: and I'm trying to think about why she was sort 132 00:06:54,600 --> 00:06:58,520 Speaker 3: of this kind of funny, interesting, really impressive but also 133 00:06:58,600 --> 00:07:00,479 Speaker 3: kind of comic figure in the orbit. 134 00:07:00,520 --> 00:07:02,400 Speaker 2: And I think it's because she. 135 00:07:02,960 --> 00:07:07,159 Speaker 3: Was in the most extreme position where on one hand 136 00:07:07,320 --> 00:07:10,600 Speaker 3: there is the craziness of Elon and all the edge 137 00:07:10,640 --> 00:07:14,240 Speaker 3: lord stuff and his weird associations and the racism, and 138 00:07:14,320 --> 00:07:17,320 Speaker 3: on the other side are like the most square people 139 00:07:17,320 --> 00:07:20,440 Speaker 3: in the world, advertisers, and Linda is the buffer because 140 00:07:20,440 --> 00:07:22,440 Speaker 3: and there would be these amazing moments Sarah, which I'm 141 00:07:22,440 --> 00:07:24,680 Speaker 3: sure you remember, where Elon would be doing something crazy, 142 00:07:24,840 --> 00:07:28,440 Speaker 3: Linda would go on Twitter and be like yay NFL 143 00:07:28,720 --> 00:07:32,000 Speaker 3: or whatever, just like something that just felt so far 144 00:07:32,080 --> 00:07:35,160 Speaker 3: removed from what where the actual zeitgeist was, and it 145 00:07:35,240 --> 00:07:37,080 Speaker 3: was like just amazing to watch. 146 00:07:37,160 --> 00:07:40,080 Speaker 1: Yeah, I mean it would be like something insane, the 147 00:07:40,080 --> 00:07:43,040 Speaker 1: world was exploding, and Linda would be like, I love 148 00:07:43,160 --> 00:07:47,320 Speaker 1: shoes like js as jets. You know, She'll just do 149 00:07:47,480 --> 00:07:52,120 Speaker 1: like like enthusiastic posts that are brand safe. Almost has 150 00:07:52,160 --> 00:07:58,400 Speaker 1: like the most extreme caricature of like a counterbalance to 151 00:07:58,440 --> 00:08:01,679 Speaker 1: Musque himself, Like she's just really is like, go team, 152 00:08:02,400 --> 00:08:06,600 Speaker 1: We're changing the world. We're all about free speech. And 153 00:08:06,640 --> 00:08:12,400 Speaker 1: in fact, when there was that first scuffle where Musk, 154 00:08:13,400 --> 00:08:19,000 Speaker 1: remember he endorsed that anti semitic post in twenty twenty three, 155 00:08:19,080 --> 00:08:22,680 Speaker 1: and then at that conference he told marketers who are 156 00:08:22,680 --> 00:08:27,200 Speaker 1: boycotting X to go f themselves. Of course, then Yakarino 157 00:08:27,280 --> 00:08:31,240 Speaker 1: tells staff that, you know, she's all about the free 158 00:08:31,240 --> 00:08:34,640 Speaker 1: speech mission and the principles do not have a price tag, 159 00:08:34,679 --> 00:08:37,480 Speaker 1: nor will they be compromised ever. You know, she just 160 00:08:37,600 --> 00:08:42,680 Speaker 1: really is all in, even when Musk goes to the extreme. 161 00:08:42,800 --> 00:08:47,000 Speaker 1: So I just want to note, you know, we said 162 00:08:47,080 --> 00:08:50,280 Speaker 1: we talked about the craziness of rock we had. We 163 00:08:50,320 --> 00:08:54,480 Speaker 1: do know that Linda Yakarina was considering her exit since 164 00:08:54,559 --> 00:08:58,640 Speaker 1: before got it yesterday's events from a source familiar, so 165 00:08:59,280 --> 00:09:02,680 Speaker 1: got it. It's it's not necessarily tied, but it does 166 00:09:02,760 --> 00:09:06,600 Speaker 1: make the timing seem more like space saving. 167 00:09:06,720 --> 00:09:08,440 Speaker 3: Do we have any sense of how long she's been 168 00:09:08,480 --> 00:09:11,440 Speaker 3: considering her exit for a while. 169 00:09:12,720 --> 00:09:15,520 Speaker 1: Our source says her decision to resign was in the 170 00:09:15,520 --> 00:09:16,720 Speaker 1: works well before. 171 00:09:16,480 --> 00:09:18,560 Speaker 2: The Oka Rock. I guess we could take that a 172 00:09:18,559 --> 00:09:19,360 Speaker 2: lot of different ways. 173 00:09:19,400 --> 00:09:23,080 Speaker 1: So another thing, another thing to think about is, you know, 174 00:09:23,080 --> 00:09:26,920 Speaker 1: we talked about her really strong relationships with advertisers. She 175 00:09:27,040 --> 00:09:30,840 Speaker 1: was just at cam Lyons in in the south of France. 176 00:09:30,960 --> 00:09:34,760 Speaker 1: That's the really big advertising conference. You heard Kurt Wagner 177 00:09:34,800 --> 00:09:38,360 Speaker 1: talk about that Elon Inc. Recently where you know, everyone 178 00:09:38,400 --> 00:09:43,800 Speaker 1: comes together, Toutsler products, meets has Rose on yachts all 179 00:09:43,920 --> 00:09:48,600 Speaker 1: that she was there, but she wasn't really much of 180 00:09:48,600 --> 00:09:51,080 Speaker 1: a public presence. She was doing a lot of like 181 00:09:51,520 --> 00:09:56,360 Speaker 1: private meetings, and you can imagine in these private meetings 182 00:09:56,800 --> 00:09:59,680 Speaker 1: her her buddies might be telling her, Hey, look like 183 00:10:00,640 --> 00:10:03,640 Speaker 1: Muska isn't even tight with Trump anymore, Like what are 184 00:10:03,640 --> 00:10:04,360 Speaker 1: you still doing? 185 00:10:04,600 --> 00:10:04,800 Speaker 2: Yeah? 186 00:10:04,800 --> 00:10:07,719 Speaker 3: I mean, for me, like what Linda was trying to do. 187 00:10:07,840 --> 00:10:11,240 Speaker 3: And I use the word impressive, not you know, seriously, 188 00:10:11,280 --> 00:10:15,440 Speaker 3: because I think, especially early in her tenure, she really 189 00:10:15,480 --> 00:10:20,120 Speaker 3: did help navigate the company from chaos to something that 190 00:10:20,240 --> 00:10:23,000 Speaker 3: actually started to feel like it hung together as a vision, 191 00:10:23,080 --> 00:10:24,680 Speaker 3: you know, it was it started to feel like, Okay, 192 00:10:24,679 --> 00:10:28,439 Speaker 3: this is like gonna be a real conservative media platform. Linda, 193 00:10:28,480 --> 00:10:32,199 Speaker 3: of course, had some connections to Trump World before coming 194 00:10:32,280 --> 00:10:34,280 Speaker 3: into into X. 195 00:10:34,320 --> 00:10:36,280 Speaker 2: I believe she was on some kind of fitness panel 196 00:10:36,360 --> 00:10:36,720 Speaker 2: or whatever. 197 00:10:36,840 --> 00:10:39,559 Speaker 3: But in any case, like she strikes me as a sort 198 00:10:39,600 --> 00:10:43,000 Speaker 3: of mainstream conservative, not you know, maybe a Fox News conservative, 199 00:10:43,320 --> 00:10:45,640 Speaker 3: not necessarily a burn. 200 00:10:45,520 --> 00:10:47,760 Speaker 2: It all down America Party conservative. 201 00:10:47,800 --> 00:10:50,840 Speaker 3: For those who have listened to yesterday's podcast, when Nancy 202 00:10:50,880 --> 00:10:54,360 Speaker 3: Cook Sarah, before we wrap, I just want to talk 203 00:10:54,360 --> 00:10:56,679 Speaker 3: to you quickly about kind of what this means for 204 00:10:56,760 --> 00:11:00,360 Speaker 3: the future, because while this is going on, I believe 205 00:11:00,360 --> 00:11:04,360 Speaker 3: tonight it's Wednesday as we're recording this. Later today Elon 206 00:11:04,520 --> 00:11:08,280 Speaker 3: is going to unveil Rock four, this new version of 207 00:11:08,320 --> 00:11:11,880 Speaker 3: his large language model, the large language model that XAI made. 208 00:11:12,000 --> 00:11:16,520 Speaker 3: It is assumingly trained on data from x What really 209 00:11:16,520 --> 00:11:20,520 Speaker 3: feels like here is a pivot away from advertising altogether 210 00:11:20,600 --> 00:11:25,040 Speaker 3: and towards AI. And I'm wondering whether number one, you 211 00:11:25,200 --> 00:11:28,560 Speaker 3: buy that and number two do they have can that 212 00:11:28,679 --> 00:11:33,240 Speaker 3: succeed even though you know, despite all of the issues 213 00:11:33,280 --> 00:11:35,640 Speaker 3: that we talked about the fact that groc still has 214 00:11:35,679 --> 00:11:38,520 Speaker 3: a tendency to spout offensive stuff from time to time. 215 00:11:39,720 --> 00:11:41,800 Speaker 1: Well, I you got to look at the financial picture. 216 00:11:42,000 --> 00:11:45,800 Speaker 1: Advertising is a small business, but it's a real source 217 00:11:45,920 --> 00:11:50,559 Speaker 1: of revenue for a company that is that we've reported 218 00:11:50,640 --> 00:11:52,640 Speaker 1: is burning through a billion dollars a month. 219 00:11:53,440 --> 00:11:55,439 Speaker 3: Yeah, yeah, And I believe our reports said they were 220 00:11:55,520 --> 00:11:58,800 Speaker 3: taking they plan to take in five hundred million in revenue. 221 00:11:58,800 --> 00:11:59,480 Speaker 2: I assume that's. 222 00:11:59,400 --> 00:12:03,080 Speaker 3: AI rev Meanwhile Twitter, I mean, our understanding is this 223 00:12:03,120 --> 00:12:05,240 Speaker 3: is a couple of billion dollar business, even in its 224 00:12:05,360 --> 00:12:07,920 Speaker 3: very diminished form, Like the advertising business is still way 225 00:12:07,960 --> 00:12:10,040 Speaker 3: bigger than the chat pop business. 226 00:12:10,120 --> 00:12:12,040 Speaker 1: Oh, it's way bigger, but the chat pop business is 227 00:12:12,080 --> 00:12:14,960 Speaker 1: going to drain through that in weeks, right, Like this 228 00:12:15,559 --> 00:12:19,600 Speaker 1: the the cost of a build out of data centers. 229 00:12:20,920 --> 00:12:23,400 Speaker 1: They're burning through a billion a month and they're planning 230 00:12:23,400 --> 00:12:25,480 Speaker 1: to raise nine point three billion in debt in equity. 231 00:12:25,520 --> 00:12:30,160 Speaker 1: The financial picture is getting extremely complicated for this company. 232 00:12:30,400 --> 00:12:32,520 Speaker 1: And if you're Elon Musk, you see the world as 233 00:12:32,559 --> 00:12:37,640 Speaker 1: full of endless money because you can just get it 234 00:12:37,679 --> 00:12:40,160 Speaker 1: from maybe even from one of your other companies. 235 00:12:39,880 --> 00:12:43,800 Speaker 3: Right right, right, Yeah, well that's and that's potentially where 236 00:12:43,800 --> 00:12:45,360 Speaker 3: some of that revenue's coming from, for sure. 237 00:12:46,320 --> 00:12:49,840 Speaker 1: So I think it's a it's just a complicated time 238 00:12:49,880 --> 00:12:54,040 Speaker 1: if you're not trying to bring the ex business back 239 00:12:54,080 --> 00:12:57,520 Speaker 1: to health through advertising, like now it's part of this 240 00:12:57,800 --> 00:13:02,560 Speaker 1: XAI thing, which is like a much more complicated financial 241 00:13:02,559 --> 00:13:06,080 Speaker 1: pick maybe maybe better upside right, because it's an AI business, 242 00:13:07,480 --> 00:13:12,200 Speaker 1: but it is one that is bleeding money, like all 243 00:13:12,240 --> 00:13:13,520 Speaker 1: of these AI companies are. 244 00:13:14,880 --> 00:13:17,120 Speaker 3: All right, Well, we'll have more to say about this 245 00:13:17,240 --> 00:13:19,480 Speaker 3: in future episodes, Sarah, I feel like at some point 246 00:13:19,520 --> 00:13:22,559 Speaker 3: we need to sit down and do like a retrospective, 247 00:13:22,920 --> 00:13:27,480 Speaker 3: Like I'm craving a montage of like the greatest Yacharino tweets, 248 00:13:27,720 --> 00:13:30,720 Speaker 3: the greatest sound bites, like there were so many great moments, 249 00:13:30,760 --> 00:13:33,000 Speaker 3: and then we'll have to talk about the guy that 250 00:13:33,080 --> 00:13:36,120 Speaker 3: many people think is going to run x this the 251 00:13:36,160 --> 00:13:39,320 Speaker 3: new the newly highed product manager or product or head 252 00:13:39,320 --> 00:13:41,200 Speaker 3: of product or something on Nikita Beer. 253 00:13:41,800 --> 00:13:43,760 Speaker 2: So lots of discuss, but we'll have to save that 254 00:13:44,000 --> 00:13:44,640 Speaker 2: for next week. 255 00:13:44,720 --> 00:13:46,600 Speaker 1: I just want to ask you a question, Yeah, Max, 256 00:13:46,840 --> 00:13:48,120 Speaker 1: what do you think he does next? 257 00:13:49,760 --> 00:13:52,680 Speaker 3: I mean, I feel like, was it you or or 258 00:13:52,720 --> 00:13:54,960 Speaker 3: our producer Magnus who suggested just before we got on 259 00:13:55,040 --> 00:13:57,600 Speaker 3: that maybe she's getting a job inside the Trump administration, 260 00:13:57,800 --> 00:14:00,000 Speaker 3: right that that could be or or do you think 261 00:14:00,000 --> 00:14:03,200 Speaker 3: think that the or do you think that the bridges 262 00:14:03,240 --> 00:14:06,239 Speaker 3: have been too far burned? Like maybe maybe her association 263 00:14:06,320 --> 00:14:10,080 Speaker 3: with Musk, even even with the exit, means that like 264 00:14:10,160 --> 00:14:11,920 Speaker 3: she's gonna be frozen out of that world forever. 265 00:14:12,520 --> 00:14:15,719 Speaker 1: I think she could easily find a role in the 266 00:14:15,760 --> 00:14:17,200 Speaker 1: conservative political world. 267 00:14:17,440 --> 00:14:18,320 Speaker 2: Yeah, one hundred percent. 268 00:14:18,360 --> 00:14:21,120 Speaker 3: That new those new media, that conservative new media space 269 00:14:21,160 --> 00:14:23,840 Speaker 3: is booming. And she really did, I mean to her credit, 270 00:14:24,200 --> 00:14:26,080 Speaker 3: like she did hit that a little bit like that 271 00:14:26,120 --> 00:14:28,760 Speaker 3: Tucker carl Like Tucker Carlson got tossed from Fox News, 272 00:14:29,200 --> 00:14:32,160 Speaker 3: and like you know, obviously he's very controversial and everything, 273 00:14:32,200 --> 00:14:34,080 Speaker 3: but like he gets a lot of viewers, and some 274 00:14:34,120 --> 00:14:36,000 Speaker 3: of that had to do with the ex partnership. 275 00:14:36,840 --> 00:14:39,240 Speaker 1: So we'll see. I mean, I'm just kind of curious 276 00:14:39,240 --> 00:14:42,960 Speaker 1: if she keeps posting through it, like if she even 277 00:14:43,400 --> 00:14:48,440 Speaker 1: continues to be just this bubbly personality on X. 278 00:14:49,600 --> 00:14:52,240 Speaker 2: It's where it happens, Sarah, It's where it happens, and. 279 00:14:52,400 --> 00:14:55,240 Speaker 3: Let's Sarah Fryar. 280 00:14:55,320 --> 00:14:57,120 Speaker 2: Thanks for being here, see you soon. 281 00:14:57,280 --> 00:14:57,960 Speaker 1: Thank you Max. 282 00:15:01,400 --> 00:15:06,240 Speaker 3: This episode was produced, created, conceived, dreamed up, and tweeted 283 00:15:06,280 --> 00:15:10,360 Speaker 3: by Magnus Hendrickson, our supervising producer, Big thanks to Sarah Fryar. 284 00:15:10,600 --> 00:15:13,200 Speaker 3: Sage Bauman is ahead of Bloomberg Podcast and we will 285 00:15:13,200 --> 00:15:16,160 Speaker 3: see you next week unless something big happens, in which 286 00:15:16,200 --> 00:15:17,680 Speaker 3: case we'll be right here in your feed.