Apr 9, 2018

04/09/2018: Would you pay for Facebook?

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It's been a while since we've started this program by dissecting a presidential tweet. But with a whiff of trade war in the air, there's some good economic context to be had from that exercise today. At 6:03 in the…

Segments From this episode

Turning the financial crisis into an opportunity

Apr 9, 2018
In 2008, Ann Shen couldn't get a job she wanted. So she went to art school and started a different and successful career.
FRED TANNEAU/AFP/Getty Images

It’s been a while since we’ve started this program by dissecting a presidential tweet. But with a whiff of trade war in the air, there’s some good economic context to be had from that exercise today. At 6:03 in the morning, the president said, “When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%. Does that sound like free or fair trade. No, it sounds like STUPID TRADE – going on for years!” Believe it or not, the most important part of that whole thing was the last two sentences. We’ll explain. Then: It’s often said that if you aren’t paying for a product, you are the product. The past few weeks at Facebook have been a stark reminder of that. So, with CEO Mark Zuckerberg set to testify before Congress tomorrow, we’ll explore this model, other companies that use it and whether Facebook has any alternatives. Plus: Kai ended the trade war! He lost.

Music from the episode

Mobius Streak Hiatus Kaiyote
Buried In Detroit - Lucas Löwe Remix Mike Posner, Big Sean, Lucas Lowe
Fever The Black Keys
Kamikaze