Summary of Musk Making Waves | Bloomberg Technology 11/07/2022

00:00:00 - 00:40:00

The video discusses the concerns of Brendan Carr, FCC Commissioner, about the state of the U.S. election and the importance of reliable information. He also points out that women have been left behind in the current America and the election is the most important opportunity for them to change that.

• 00:00:00 Twitter announced that it will be banning users who impersonate others, and it is laying off thousands of employees. Tesla was down 5% closing at its lowest level since June of 2021, and Apple was down 4% closing at its highest level since October of 2020.
• 00:05:00 Apple is cutting production of the iPhone 14 and 14 Plus, due to lower demand. The production cut affects the lower-end iPhone 14s from the beginning of their release.
• 00:10:00 OCTA, a cloud identity software provider, is holding an investor day to talk about the future of digital and digital identities, with its biggest customer event of the year. OCTA's outlook is positive, given the macro environment and the appetite for its software among businesses. There are no plans for layoffs, but OCTA is scrutinizing its investments and is expecting a good return on its investments.
• 00:15:00 Microsoft President Brad Smith is speaking at a foreign Summit in Egypt about how the company is working to Address climate change. He says that, in order to Address climate change, better use of data and predictive modeling is needed, and that this is something that the company is working on.
• 00:20:00 Tesla's stock price is down, and there is concern that Elon Musk's focus on Twitter is distracting him from Tesla.
• 00:25:00 In the run-up to the U.S. midterm elections, Bloomberg reports that regulators and Congress are an hour late to catch up with the cryptocurrency industry. While there is some hope that progress might be made, it is doubtful given the current political landscape. However, some influential figures in the industry are trying to make change through their political donations.
• 00:30:00 The video reports on FCC Commissioner Carr's assertion that Tick Tock should be outright banned due to concerns over data security. It also covers the concerns of lawmakers and national security officials about the company. There is a tentative deal in place between Tick Tock and the Justice Department, but the number two official is concerned about it.
• 00:35:00 The video interview with FCC commissioner Brendan Carr discusses the importance of the upcoming midterm election, the issue of corporate power abuse, and the importance of reliable information. Carr points out that women have been left behind in the current America and the election is the most important opportunity for them to change that.
• 00:40:00 Elon Musk, CEO of Tesla and SpaceX, recently took to Twitter to voice his concerns about the state of the U.S. election. He discusses the importance of public school education and the need for more affordable child care.