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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI co-pilots will help workers do their jobs better, not put people out of jobs, says David SacksDavid Sacks, Craft Ventures co-founder, joins 'Closing Bell Overtime' to talk the UAW strike, AI co-pilot technology, recent tech IPOs and more.
Persons: David Sacks David Sacks Organizations: Craft Ventures, UAW
Watch CNBC's full interview with Craft Ventures' David Sacks
  + stars: | 2023-09-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Craft Ventures' David SacksHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Sacks, Brian Sullivan, Organizations: Craft Ventures, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDavid Sacks: Investors should be worried if China's actions against Apple start to escalateHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Sacks, Brian Sullivan, Organizations: Apple, CNBC
Former Twitter lieutenant Esther Crawford warned Elon Musk is surrounded by "yes men." Esther Crawford, Elon Musk's former lieutenant at Twitter, voiced some of her concerns with the billionaire's leadership at the social media company in 14-minute video on Wednesday. Musk has been known to work with close friends across his companies and has even been criticized for having his close friends and brother on Tesla's board in the past. "Instead he'd poll Twitter, ask a friend, or even ask his biographer for product advice," Crawford wrote. Last year, venture capitalist and early Twitter investor Chris Sacca warned Musk needed to surround himself with more people that would challenge him.
Persons: Esther Crawford, Elon, Crawford, Musk, Elon Musk's, David Sacks, Steve Davis, Elon Musk, Clive Mason, Chris Sacca, Sacca Organizations: Twitter, Boring Company Locations: Elon
Square Roots told staff it was closing most of its locations and cutting jobs, two former staff said. Square Roots told local news it plans to reconfigure some locations and may eventually re-open them. Elon Musk's brother, Kimbal, cofounded Square Roots alongside CEO Tobias Peggs in 2016. "It was just a normal day," the former Grand Rapids employee said of the latest layoffs and farm closures announced Tuesday. "It was quite abrupt and has been very devastating to this wonderful team of people," the former Grand Rapids employee said.
Persons: Elon Musk's, Elon Musk, David Sack's, Tobias Peggs, Kimbal Musk, WDRB, couldn't, Kimbal, Bauer, Griffin, Slack, Peggs, Getty, DON EMMERT, that's, we've Organizations: Roots, Morning, Gordon Food Service, David Sack's Craft Ventures, Kenosha News, Grand, Axelle, Grand Rapids, Gordon Food Services, Employees Locations: Grand Rapids, Pitchbook, Springfield , Ohio, Shepherdsville , Kentucky, Kenosha , Wisconsin, Wisconsin, Brooklyn, Kenosha, New York, Michigan
Silicon Valley and Wall Street stars are indulging Robert F. Kennedy Jr.'s presidential campaign. RFK Jr. has said that vaccines cause autism – and the White House recently blasted him for sharing anti-Semitic conspiracy theories. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. This isn't the first time parts of Wall Street and Silicon Valley have backed an anti-establishment firebrand. In both 2016 and 2020, big names like venture capitalist Peter Thiel and Blackstone CEO Stephen Schwarzman backed Republican candidate Donald Trump.
Persons: Robert F, Kennedy Jr, Jack Dorsey, SPAC, Chamath Palihapitiya, Bill Ackman, Kennedy, Jr, Twitter's, who's, Bill Ackman – who's, Jamie Dimon, , Ken Fisher, Mark Gorton, Chamath, David Sacks, Palihapitiya, Ackman, he'd, Peter Thiel, Stephen Schwarzman, Donald Trump Organizations: Twitter, RFK, White House, Service, CIA, Democratic, Pershing Square Capital Management, Fisher Investments, Research, CNBC, vax, Children's Health Defense, PayPal, Blackstone, Republican Locations: Silicon, Wall, Silicon Valley
When asked at the time, he didn't say whether he had donated to Kennedy's campaign. Ackman is one of several prominent business leaders who donated to Kennedy's campaign in the second quarter. The Purple Good Government PAC, a committee that's been largely funded by investor and Elon Musk ally David Sacks, donated $6,600 to the campaign. Ken Fisher, the founder and executive chairman of Fisher Investments, donated $6,600 to the campaign, according to the filing. Veteran Wall Street executive Omeed Malik also donated $6,600 to the Kennedy campaign, the filing says.
Persons: Bill Ackman, Robert F, Kennedy Jr, that's, Elon Musk, David Sacks, Ken Fisher, Omeed Malik, Kennedy, Malik, Brett Messing, Anthony Scaramucci's, Eric Clapton, Sacks, Fisher, Clapton, Chamath Palihapitiya, Joe Biden, Kennedy's, Biden, Kevin Breuninger Organizations: Pershing, Capital, CNBC, RFK, Good Government PAC, Fisher Investments, Wall, Hamptons, Quinnipiac, Democratic Locations: England
A new breed of direct-to-consumer services is aggressively using targeted ads to sell habit-forming medications. In short, AI and surveillance capitalism, which empower today's targeted ads, have joined forces with the deadly OxyContin playbook. As the Journal reported, after ADHD medications grew to 20% of the VC-funded company's business, driving a $4.8 billion valuation, things came crashing to earth. We as a society may have come to accept being stalked by targeted ads, but consequences are much graver when the product itself is a danger. But above all, we need rules that ban targeted ads for drugs that can get patients hooked.
Persons: Taylor Swift, they're, haven't, Van Zee, OxyContin, prescribers, Dr, David Sack, Anthony Yeung, recreationally, Yann Poncin, shih, Ryan Haight, Ryan Haight Act's, Albert Fox Cahn Organizations: Circle, Purdue, American, of Public Health, Sackler family's pharma, Physicians, Yale School of Medicine, Bloomberg, Drug Enforcement Agency, Department of Health, Human Services, Ryan, Twitter, FDA Locations: Canadian, California, United States, New Zealand, New York
RFK Jr. might be running for President as a Democrat, but he has some fans among GOP lawmakers. Sen. Ron Johnson told Insider he hopes Kennedy "gains traction and wins the nomination." House Republicans have invited Kennedy to testify next week, and some Democrats say it's a political ploy. "He's displayed extraordinary political courage," said Johnson, recounting Kennedy's own narrative about how he took up anti-vaccine advocacy. Johnson's liking for Kennedy goes beyond just COVID and vaccines — he's on a similar wavelength with other aspects of Kennedy's conspiratorial worldview as well.
Persons: Sen, Ron Johnson, Kennedy, Robert F, Kennedy Jr, Johnson, It's, he's, Bobby, He's, John F, York Sen, Trump, Joe Biden's, Jack Dorsey, David Sacks, Biden, it's, That's, Jim Banks, Ted Cruz, Thomas Massie of, I'd, Massie, Jim Jordan, Tom Williams, Jordan, Donald Trump's, Dennis Kucinich, who's, Kucinich, Dan Goldman, Goldman Organizations: RFK Jr, GOP, Republicans, Service, Democratic, Tea Party, Republican, JFK, CIA, Biden, Ukraine, Twitter, Capitol, Kennedy Democrats, Democrat Party, Jim Banks of Indiana, Federal Government, FBI, Big Tech, Inc, Getty, Center, Children's Health Defense, Democrat Locations: Wall, Silicon, Kennedy's, Ron Johnson of Wisconsin, York, Ted Cruz of Texas, Thomas Massie of Kentucky, Ohio, New York
Robert F. Kennedy Jr., son of former US Senator Robert F. Kennedy, speaks during the Bitcoin 2023 conference in Miami Beach, Florida, US, on Friday, May 19, 2023. Since the conference, Kennedy has continued to tout bitcoin. Kennedy said at the Miami bitcoin conference that if he were to become president he would "make sure that your right to hold and use bitcoin is inviolable." Kennedy, 69, is the son of former Attorney General Robert F. Kennedy and the nephew of former President John F. Kennedy, both of whom were assassinated in the 1960s. In May, days before he took the stage the Miami bitcoin conference, Kennedy tweeted: "Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine.
Persons: Robert F, Kennedy Jr, Kennedy, Virginia Canter, Cheryl Hines, Canter, Hines, I'm, Gamble, Mr, Joe Biden's, Gary Gensler, headwinds, Biden, John F, Kennedy's, Jack Dorsey, David Sacks, Chamath, Omeed Malik, bitcoin Organizations: Democratic, CNBC, Procter, Miami bitcoin, Securities, Exchange, SEC, Biden, Quinnipiac, Children's Health Defense, CHD, U.S Locations: Miami Beach , Florida, Miami, bitcoin, Washington, cryptocurrencies, U.S
Bill Ackman said in 2021 that delaying Covid vaccinations for older Americans "seems like genocide." In fact, he said Kennedy is asking "important questions" about vaccines, raising issues he is interested in learning more about. Several of Ackman's recent tweets about Covid vaccines have stunned and confounded many of his colleagues on Wall Street, according to several people who have known and been allied with him for years. "I listened to RFK on several podcasts and a town hall and thought he raised important issues about vaccines and other issues that were worth learning more about," said Ackman, the CEO of Pershing Square Capital. Ackman has pushed his newfound skepticism to his approximately 740,000 followers while saying he is not opposed to vaccines.
Persons: Bill Ackman, Robert F, Kennedy Jr, Ackman, Kennedy, it's, Omeed Malik, David Sacks, Chamath Palihapitiya, Ackman's, Tucker Carlson, Joe Biden, Biden Organizations: Democratic, CNBC, RFK, Pershing, Capital, CDC, FDA, Wall Street, Hamptons . Venture, Trump White House, Fox News Locations: U.S
Robert F. Kennedy Jr., the anti-vaccine activist who's now running for president, has another wealthy backer in his corner: veteran Wall Street executive Omeed Malik. Representatives for Kennedy, Clinton, Pompeo, Summers and Lasry did not return requests for comment about the dinner. Kennedy is the son of former Attorney General Robert F. Kennedy, who was assassinated during his own presidential run in 1968, and the nephew of late President John F. Kennedy, who was shot dead in 1963. Billionaire Twitter owner Elon Musk hosted Kennedy in a recent Twitter Spaces. He later hosted a glitchy Twitter Spaces for the Florida Republican when he announced his run for president.
Persons: Robert F, Kennedy Jr, who's, Omeed Malik, Malik, Kennedy, Hillary Clinton, Trump, Gary Cohn, Mike Pompeo, Boris Johnson, Larry Summers, Marc Lasry, Cohn, Clinton, Pompeo, Summers, Lasry, Johnson, Joe Biden's, Biden, Donald Trump, John F, David Sacks, Chamath Palihapitiya, Sacks, Elon Musk, Musk, Ron DeSantis Organizations: Wall, Bellagio, Business, UK, Democratic, Financial, Quinnipiac, Kennedy, Venture, Republicans, Billionaire Twitter, Florida Gov, Florida Republican Locations: Las Vegas
Mr. Kennedy said he now had “about 50 people” working for his campaign. Instead, he has used his campaign platform — and his famous name — to promote misinformation and ideas that have little traction in his party. Asked during the discussion by David Sacks, a top DeSantis donor who is also close to Mr. Musk, “what happened to the Democratic Party,” Mr. Kennedy spent nine uninterrupted minutes attacking Mr. Biden as a warmonger and claimed that their party was under the control of the pharmaceutical industry. “I think the Democratic Party became the party of war,” Mr. Kennedy said. “I attribute that directly to President Biden.” He added, “He has always been in favor of very bellicose, pugnacious and aggressive foreign policy, and he believes that violence is a legitimate political tool for achieving America’s objectives abroad.”
Persons: , , we’ve, Kennedy, Marianne Williamson, Biden, renominating, David Sacks, ” Mr, Mr Organizations: Democratic, Democratic Party Locations: Mexican, Ukraine, America
Robert F. Kennedy Jr.'s bid for the Democratic nomination for president has gained a boost from several Silicon Valley executives. Block CEO Jack Dorsey endorsed Kennedy on Twitter on Sunday, while Twitter owner Elon Musk invited the contender to a live audio discussion on the platform. ET on Twitter on Monday and will be moderated by venture capitalist David Sacks, another prominent name in Silicon Valley. A recent Fox News survey found 19% of Democratic primary voters surveyed said they would support Kennedy in the primary, with a margin of error of plus or minus 5 percentage points. After he took over Twitter, the platform stopped enforcing its previous policy to remove misleading information regarding Covid.
Persons: Jack Dorsey, Robert F, Kennedy Jr, Kennedy, Elon Musk, David Sacks, Musk, Ron DeSantis, DeSantis, Sacks, Joe Biden, Tesla, Dorsey, Andrew Yang, Tulsi Gabbard Organizations: Twitter Inc, Inc, Democratic, Twitter, Republican Florida Gov, Fox, U.S . Rep, CNBC, YouTube Locations: Miami , Florida, U.S, Silicon Valley, California
Ron DeSantis — including hosting the candidate's kickoff event on Twitter — demonstrate how Sacks is working to become a GOP kingmaker. A DeSantis campaign spokesman did not return a request for comment before publication. Sacks, according to Puck, serves as one of the group's directors. Kevin McGrann, a lobbyist at government relations juggernaut Forbes Tate Partners, is also linked to Bay Strategies, according to Hall. And Sacks said during a recent episode that he plans to ask the DeSantis campaign for the Florida governor to agree to an interview.
Persons: David Sacks, Paul Chinn, Caroline Wren, Wren, Donald Trump's, Jan, president's, Sacks, George Soros, Puck, Ron DeSantis, Peter Thiel, Ro Khanna, didn't, Joe Biden, Thiel, Elon Musk, , Joe Lonsdale's, Julie Samuels, Samuels, DeSantis, I've, Trump, Stewart Hall, Jill Kendrick, Hall, Sen, Richard Shelby, Kendrick, Kevin McGrann, juggernaut Forbes, McGrann, John Boehner, OpenSecrets, Musk, Bari Weiss, isn't, Peter, Jason Calacanis, David Friedberg, Chamath, Robert F, Kennedy Jr, Kennedy, Biden, Nikki Haley, Calacanis Organizations: TechCrunch, Calif, San Francisco Chronicle, Hearst Newspapers, Getty Images Venture, Trump, U.S . Capitol, Republicans, Commission, Florida Gov, Twitter, GOP, PayPal, CNBC, Democratic, Microsoft, DeSantis, Purple Good Government PAC, FEC, Ron DeSantis PAC, PAC, Republican Party, Purple Good Government, Stewart, Public, Crossroads, Altria Group, Boeing, General Electric, Hearst Corp, Washington , D.C, Forbes Tate Partners, juggernaut Forbes Tate Partners, Forbes Tate, Association of Independent Mortgage Experts, United Wholesale Mortgage, SpaceX, Republican, YouTube, Biden, CNN Locations: San Francisco, Florida, Silicon, Trump, DeSantis, Puck, Washington ,, Ohio
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemote work is 'not a great deal' for companies, says Craft Venture's David SacksDavid Sacks, Craft Ventures founder, joins 'Last Call' to discuss why he thinks work from home is bad for companies following Meta's hybrid work announcement.
Persons: Venture's David Sacks David Sacks Organizations: Craft Ventures
Brace for the intense pressure on commercial real estate to spread to house prices, Elon Musk says. "Commercial real estate is melting down fast. Investors are worried about real estate in a period of higher interest rates and tighter lending. "Commercial real estate is melting down fast. JPMorgan estimated that about $450 billion in commercial real-estate debt set to expire this year could default.
Ron DeSantis led all listed Republican candidates in a Monmouth University poll. New polling from Monmouth University shows that Trump now leads the governor by 24 percentage points. Ron DeSantis in polling in recent months, shattering the lead held by the leader of the Sunshine State, according to a recent Monmouth University poll. In December 2022, DeSantis was the leading candidate among Republican and Republican-leaning respondents to Monmouth University's poll, drawing in 39% support to Trump's 26%. While DeSantis took his time to announce his run for president, Trump picked up a bevy of GOP endorsements including more than 50 representatives, 11 senators, and two governors.
Persons: Ron DeSantis, DeSantis, Donald Trump's, Trump, , Donald Trump, Elon Musk, David Sacks, FiveThirtyEight, who've, Byron Donalds, Doug Steube Organizations: Florida Gov, Monmouth University, Service, Sunshine State, Elon, GOP, Republican, Trump, DeSantis, Rep, Representatives, Disney Locations: Florida, Monmouth
DeSantis had granted Musk his first official 2024 interview, snubbing Murdoch’s Fox News in the process for the prized media appearance. Reporter breaks down how Twitter is seizing Fox News' conservative momentum 01:09 - Source: CNNBut Wednesday’s events proved that to be far from the case, with Musk’s Twitter Spaces event being marred by embarrassing technical glitches. The sound repeatedly cut in and out, ultimately leading to Musk ending the Spaces event and starting a fresh one under Sacks’ account. Once the second Twitter Spaces finally got going, DeSantis, Musk, and Sacks predictably trained their attention on bashing the establishment press. It was something of great irony to listen to: A Twitter Spaces event centered on attacking legacy media while simultaneously failing horribly at replicating what legacy media outlets do on a daily basis.
Republican gubernatorial candidate for Florida Ron DeSantis with his wife Casey DeSantis speaks to supporters during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022. Ron DeSantis announced the launch of his 2024 presidential campaign on Wednesday, setting the Republican contender on a collision course with former President Donald Trump in the race for the GOP nomination. Musk then started a new Twitter Spaces where DeSantis announced his presidential bid. Trump and his allies have assailed DeSantis' record, his political abilities and even his personality, while amplifying negative news about the governor. That result showed Trump extending his gains and DeSantis losing ground from a previous Quinnipiac survey in late March.
Persons: Florida Ron DeSantis, Casey DeSantis, Ron DeSantis, Donald Trump, DeSantis, Elon Musk, David Sacks, Musk, Bryan Griffin, Trump, Read Organizations: Florida, Convention, Florida Gov, GOP, Fox News, Democratic, Trump, Trump PAC, Quinnipiac University, Republican Locations: Tampa , Florida, DeSantis, Quinnipiac
TikTok sues Montana to reverse state's ban of the app
  + stars: | 2023-05-22 | by ( Jonathan Vanian | ) www.cnbc.com   time to read: +2 min
TikTok has filed a federal lawsuit against Montana in response to a recently passed state law that would ban the popular video service in the state. The lawsuit, filed Monday in the United States District Court for the District of Montana, is intended to "prevent the state of Montana from unlawfully banning TikTok," lawyers for the app's parent company, ByteDance wrote. Last week, Montana became the first U.S. state to ban TikTok over allegations the Chinese government can use the app for intelligence-gathering operations. TikTok disputes Montana's allegations the Chinese government "could access data about TikTok users, and that TikTok exposes minors to harmful online content," the lawsuit said. With the lawsuit, TikTok hopes the court finds Montana's ban "unconstitutional and preempted by federal law."
Persons: TikTok, ByteDance, Greg Gianforte, Plaintiff, Shou Zi Chew, Banning, David Sacks Organizations: United States, Court, District of, Constitution, Apple, Montana Gov, Communist Party, Oracle, Craft Ventures Locations: Montana, District of Montana, U.S, United States, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Craft Ventures Co-Founder David SacksDavid Sacks, Craft Ventures co-founder and partner, joins 'Closing Bell Overtime' to discuss recent legal rulings in the Big Tech space including this week's Supreme Court ruling in favor of Big Tech, Montana's decision to ban TikTok and more.
China's policy regarding Taiwan, the world's leader in the semiconductor industry, could end up making it an even bigger focus. The cross-strait strife has already provoked commentary from some top contenders in the Republican presidential primary race who have stressed the need to deter a possible Chinese invasion invasion of the island. But I think ultimately what I think China respects is strength," DeSantis said. 'Like trying to separate conjoined twins'But the political will to defend Taiwan in a Chinese invasion may clash with economic forces. Some CEOs of America's biggest banks have said they would pull their business from China if directed to do so following an invasion of Taiwan.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanning TikTok at a state level 'doesn't make sense', says Craft Ventures' David SacksDavid Sacks, Craft Ventures co-founder and partner, joins 'Closing Bell Overtime' to discuss recent legal rulings in the Big Tech space including this week's Supreme Court ruling in favor of Big Tech, Montana's decision to ban TikTok and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'd be fooling ourselves if we think we can be self-reliable on chips, says CFR's David SacksJohn Rutledge, Safanad chief investment strategist, and David Sacks, Council on Foreign Relations fellow, join 'Squawk on the Street' to discuss Elon Musk's recent comments on China, how Xi Jinping considers Russia's actions and what Apple should do with its business in China.
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