Fallout from the Facebook Papers & Elon Musk, the World’s Richest Man

Squawk Pod

Shares of Facebook are on the rise despite a slew of negative headlines shrouding the social media company. CNBC’s Julia Boorstin reports on the company’s latest quarterly earnings and discusses Mark Zuckerberg’s response to the leaked “Facebook Papers.” Henry Blodget, Insider Inc. co-founder, CEO and editorial director, weighs in on Facebook’s reputation and its potential to overcome the drama. As lawmakers inch closer to finalizing their social spending package, Senate Democrats are eyeing a tax on billionaires to help fund the plan. CNBC’s Robert Frank discusses how billionaires are reacting to the Democrats’ plan to target their unrealized capital gains; economics professor and former Bernie Sanders advisor Stephanie Kelton joins Loren Ponds, tax policy co-lead at Miller and Chevalier, to break down the battle against the billionaires’ billions. Plus, Elon Musk’s net worth is soaring as Tesla hits a trillion dollar market cap, and Cathie Wood weighs in on the inflation debate on Twitter.
In this episode:
Julia Boorstin, @JBoorstin
Henry Blodget, @hblodget
Stephanie Kelton, @StephanieKelton
Loren Ponds, @millerchevalier
Robert Frank, @robtfrank
Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin