perspective from scott galloway, professor of marketing at nyu stern school of business. also host of the markets podcast and co-host of pivot with kara swisher. scott, what's your reaction to this decision by meta, especially the timing, the political backdrop, obviously. >> well, the timing is pretty obvious. this was i mean, essentially, mark zuckerberg is one of the most brilliant businessmen in history, and we should stop using the term stakeholder value. it's all about shareholder value. and this will reduce their safety and content moderation budget which was $5 billion in 2022. so if they can cut that in half without the need to moderate content and reduce their safety and security team at a pe of 30, you're looking at a $75 billion increase in market cap. this is $10 billion in zuckerberg's. pocket. uh the more meta effect, if you will, is it will weaken democracies. uh, one of the keys are the three pillars of really strong democracies are trust in our institutions, shared values or shared stories and social networks that have a lot of trust. and this will weake

that's what scott galloway talked about before.he talked about the concentration of these monopolies, these five, six, seven monopolies that are monopolies. there's just no other way. if you look at a classical definition of monopoly, monopoly five, six and seven of these silicon valley companies are monopolies. and then the income disparity. we've had the greatest transfer of wealth, redistribution of wealth in the history of mankind from the, the 80s and really starting in the early 1990s to today, going from the middle class to the richest billionaires. and scott galloway talked about it last hour. just saying the tax system is rigged. people like him that make hundreds of millions of dollars basically pay ten, 11% of taxes. somebody that's working and starting a small business in new york state or other places paying like 50, 52, 53% of taxes to governments up and down the line. and while the richest of the rich have like maybe a 6% effective tax rate. >> yeah. >> and you mentioned earlier, joe, a moment ago, about the incredib

scott galloway said something to me that that always resonates, which is that it's not so much that thedemic changed things as much as it acted as an accelerant. and i think this is one of those instances you still have time to vote on today's poll question. it's birkenstock.com . do you agree with james carville that kamala harris lost for one simple reason the economy, when you go to vote, subscribe to the newsletter. while you're there, you're going to get exclusive editorial cartoons. here are two more. first, from rob rogers. and second, from jack ohman. come on. >> i lay on my back, frozen, thinking the darkest thoughts, and then everything changed, dana said. >> you're still you and i love you, super man. >> the christopher reeve story coming in february on cnn. >> the first time you try bounce, it hits you. your laundry feels way fresher, softer. so you start to wonder if i put a sheet of bounce on the finance guy, will it make him softer? bounce can't do it all. but for better laundry, put a sheet on it with sale through the heart of historic cities, an unforgettable scenery wi

i listen to scott galloway the other day.aims 10 years ago we only had 400 tax codes and now we have 4000. the wealth disparity that is happening is because of our tax codes, this whole thing with the external revenue service that we are trying to do. what are we going to do with that money, are we going to give those back to the people? to the billionaires, the oil companies? host: let's hear from david in texas, republican line. caller: two things. i want your show frequently and i see these politicians talking about money and taxes, how many corporations at this time have their businesses have a po box in bermuda to avoid paying taxes? i had a theory after watching the confirmation hearings, the democrats being unethical. are the republicans that afraid of donald trump? thank you so much for your time. host: pam bondi expected to go through the hearing at the senate judiciary committee. a shot of the room. it will fill up as the hour goes on. c-span, you will be able to watch a little bit of it before it transitions to oth

. >> joining us now professor of marketing at the nyu stern school of business, our friend scott gallowayo-host of the raging moderates podcast. scott, so glad you're here to walk us through this this morning. remember, it was just four years ago, about right now that mark zuckerberg and facebook meta pulled donald trump's accounts down after the attack on the capitol on january 6th. now, you fast forward four years. donald trump threatening mark zuckerberg during the campaign. and it does look just in the last few days, last couple of weeks, like full capitulation, giving donald trump exactly what he wants. what do you see in this move? first off, good to be with you, willie. i see that all ceos in tech should stop using the term stakeholders and just go back to really the truth here and talk about shareholders. four years ago, the term was called moderation. now it's being called censorship. and with this decision, the ceo of meta, mark zuckerberg, it's kind of a twofer. he gets to placate, at least temporarily, the president who threatened to put him in jail for the rest of his life, a

professor of marketing at the nyu stern school of business, scott galloway, thank you very much.k is entitled "the algebra of wealth a simple formula for financial security." great conversation. i want to make a comment about a word that was used in this interview. donald trump was tried civilly and was found libel of sexual abuse, not rape. but the judge in the case likened his actions to rape, but the liability was officially called sexual abuse. >>> coming up, donald trump says he will be inheriting a bad economy when he takes office later this month. steve rattner is standing by at the southwest wall with his charts to debunk that claim. "morning joe" will be right back. "morning joe" will be right back copd isn't pretty. from the struggle to breathe... to getting stopped in your tracks. bye, grandma. ♪♪ but with trelegy, i can finally move forward. with 3 medicines in 1 inhaler, trelegy keeps my airways open for a full 24 hours and prevents future flare-ups. once-daily trelegy also improves lung function, so i can breathe more freely all day and night. trelegy won't replace