#52 - Microsoft's inside deal to buy TikTok, Jeff Bezos flops Congress appearance and Matthew Ball explains how Epic Games sees Fortnite as a stepping stone towards owning the metaverse.

In this weeks episode, we are covering an extremely busy week in tech news - we'll start off with an update on the Microsoft TikTok deal, an overview of what happened when the CEO's of Amazon, Apple, Facebook and Google showed up remotely for questioning in front of Congress, an update on the metaverse from Mathew Ball and we’ll wrap up with an overview of what happened with the $765M Kodak loan. On Spotify click these timestamps in the show notes to skip ahead in the episode.

* Microsoft and TikTok deal (1:30)

* Summary of tech CEO’s appearance in front of Congress. (16:20)

* Matthew Ball updates our understanding of the metaverse. (25:10)

* Kodak’s $765M loan to produce pharmaceuticals (41:50)

Listen on Apple, Spotify, or Google Podcasts.

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💸 Will Microsoft buy TikTok?

💩 Jeff Bezos’ appearance in front of Congress.

The 90-minute interview is embedded in this tweet below.

👽 Interested in who will benefit most from the metaverse and the shift in media attention?

This episode of ILTB is a must-listen if you’re interested in the future of media and how Epic Games plans to own the metaverse. We summarize the episode at (25:10)

🔮 Predictions:

*Not investment advice, for informational purpose only, full disclosure is at the end of the podcast audio.*

* Microsoft balks from the deal and Bytedance spins off the North American version Tikok to appease the Government.

* Amazon is going to get broken up.

* Epic Games owns the infrastructure of the metaverse with their unreal engine and Tim Sweeney becomes one of the wealthiest people in the world.

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p.p.s. This week’s riddle:

I’m known for phantoms, ghosts, and diamonds, but my next project will need a pilot. From LA to New York City in under 90 minutes,not even the spirit of ecstasy can get upgraded to business.Answer from last week: Kodak!Enjoy the rest of your week!

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