The Windfall Tax; Twitter’s Advertiser Exodus 11/02/22

The Biden Administration is highlighting the record high profits of big oil companies by proposing the implementation of a windfall profit tax. National Economic Council Director Brian Deese calls for gas companies to lower their prices and reduce the high margins they’re charging. However, the proposal for this tax remains controversial as the midterm elections approach. Plus, the Twitter soap opera’s latest episode: Axios’ Dan Primack on Elon Musk’s first few days as Chief Twit – questions of moderation, revenue, verification and keeping advertisers from heading to the door.

In this episode:

Brian Deese, @BrianDeeseNEC

Dan Primack, @danprimack

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Becky Quick @BeckyQuick

Zach Vallese, @zachvallese

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