Tech companies are rapidly shaping our lives — often in ways we do not even realize. Artificial intelligence and automation are transforming sectors from manufacturing to transportation to real estate.
One of the people creating that future is in 2016.
By directing huge investments into tech startups such as Uber, WeWork, Slack, and many others, Son hopes to accelerate technological advancements, whether the rest of the world is ready for it or not.
This week on Money Talking, , a senior contributing writer at Fast Company whose profile of Son and the company is the cover story for the magazine's February issue.
Wall Street’s Automated Turmoil
After reaching records highs last year, the stock market went south in the final months of 2018. In the end, it was the .
And the tumult is carrying over into the first week of trading in 2019.
What exactly is causing the turmoil? The government shutdown, rising interest rates, and unresolved trade tensions are all contributing to the ups and downs, but one reason for the triple point drops might have to do with how the market itself operates.
This week on Money Talking, , how it shapes the market's moves, and what it means for the average investor.
Malaysian '1MDB' Scandal And Goldman Sachs
On the other side of the globe, a corruption scandal has been rocking Malaysia for years involving a multi-billion government fund from which billions of dollars have gone missing. The fund, known as 1Malaysia Development Berhad, or 1MDB, was supposed to fund government-backed infrastructure projects, but investigators say it was instead used for the personal benefits of individuals, including the country's previous prime minister, .
The money was allegedly used to buy for the model Miranda Kerr.
This week, authorities in Malaysia , alleging the bank made false and misleading statements connected to work it did for the fund. The bank has denied wrongdoing and says it is cooperating.
To explain the complex story, Money Talking's of The New York Times about 1MBD and Goldman Sachs involvement.
To hear the complete interview, click "Listen."
Monopolies, Tech, and 'The Curse of Bigness'
It's a been a tough couple of years for technology companies. Facebook, Google, Twitter and others have faced criticism on many fronts, from accusations of bias to privacy concerns. Leaders of these companies have been called before Congress to testify about their businesses, most recently this week, when Google's CEO from members of the House Judiciary Committee.
Underlying those concerns is the realization that tech companies have become so big, powerful and necessary in our lives that many of us are troubled by that reality, but unsure what to do about it.
In his new book, " ," technology law expert Tim Wu examines the history of antitrust actions in the 20th century and makes the argument that breaking up today's largest companies will not only be good for business, but for our democracy as well.
This week on Money Talking, speaks with Wu about his book and the state of monopolies in the U.S.
Money and Art (But Whose Money?)
Last week's clash between U.S. law enforcement and Central American migrants took place thousands of miles from New York. But the controversy surrounding the conflict found its way to New York City through an unlikely place: the Whitney Museum.
Two days after the event, the arts news site Hyperallergic , the company that made the tear gas used on the border.
In response to the news, more than 100 staffers at the museum . The controversy has led to criticism of the Whitney and restarted a conversation about the role of money in the arts, especially when it comes from donors that people disagree with.
This week on Money Talking, , editor-in-chief of Hyperallergic .