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Podcast: TikTok, Reels and the big business of social

This week on the Source Code Podcast: Shakeel Hashim on Uber acquisitions and Rackspace IPOs, Emily Birnbaum on CFIUS' surprising turn in the spotlight, and Fanbytes CEO Tim Armoo on how the social landscape is changing.

For more on the topics in this episode:

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Martin Cooper with his original DynaTAC cell phone.

Photo: Ted Soqui/Getty Images

Martin Cooper helped invent one of the most consequential and successful products in history: the cell phone. And almost five decades after he made the first public cell phone call, on a 2-pound brick of a device called the DynaTAC, he's written a book about his career called "Cutting the Cord: The Cell Phone Has Transformed Humanity." In it he tells the story of the cell phone's invention, and looks at how it has changed the world and will continue to do so.

Cooper came on the Source Code Podcast to talk about his time at Motorola, the process of designing the first-ever cell phone, whether today's tech giants are monopolies and why he's bullish on the future of AI.

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David Pierce

David Pierce ( @pierce) is Protocol's editor at large. Prior to joining Protocol, he was a columnist at The Wall Street Journal, a senior writer with Wired, and deputy editor at The Verge. He owns all the phones.

People

Poshmark made ecommerce social. Wall Street is on board.

"When we go social, we're not going back," says co-founder Tracy Sun.

Tracy Sun is Poshmark's co-founder and SVP of new markets.

Photo: Poshmark/Ken Jay

Investors were keen to buy into Poshmark's vision for the future of retail — one that is social, online and secondhand. The company's stock price more than doubled within a few minutes of its Nasdaq debut this morning, rising from $42 to $103.

Poshmark is anything but an overnight success. The California-based company, founded in 2011, has steadily attracted a community of 31.7 million active users to its marketplace for secondhand apparel, accessories, footwear, home and beauty products. In 2019, these users spent an average of 27 minutes per day on the platform, placing it in the same realm as some of the most popular social media services. This is likely why Poshmark points out in its S-1 that it isn't just an ecommerce platform, but a "social marketplace." Users can like, comment, share and follow other buyers and sellers on the platform.

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Hirsh Chitkara
Hirsh Chitkara (@ChitkaraHirsh) is a researcher at Protocol, based out of New York City. Before joining Protocol, he worked for Business Insider Intelligence, where he wrote about Big Tech, telecoms, workplace privacy, smart cities, and geopolitics. He also worked on the Strategy & Analytics team at the Cleveland Indians.
People

One man’s plan to build a new internet

Dfinity Chief Scientist Dominic Williams comes on the Source Code Podcast.

Dfinity's founder and chief scientist, Dominic Williams.

Photo: Dfinity

Much is wrong with the internet we have now. But what does better look like?

Dominic Williams, the founder and chief scientist at Dfinity, thinks he has an answer. It's called the Internet Computer, and it builds on top of the internet's most basic protocols to create a new generation of the web that doesn't exist on a bunch of private networks controlled by tech giants, but is run by the network itself. It's zero-trust and unhackable and yeah, you guessed it, it's blockchain. But blockchain that works "at web speed," Williams said.

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David Pierce

David Pierce ( @pierce) is Protocol's editor at large. Prior to joining Protocol, he was a columnist at The Wall Street Journal, a senior writer with Wired, and deputy editor at The Verge. He owns all the phones.

People

‘Everyone's in the space industry. They just don't know it yet.’

Dylan Taylor, CEO of Voyager Space Holdings, comes on the Source Code Podcast to talk about the big business of space travel.

Thanks to companies like SpaceX, the space business is heating up fast.

Photo: SpaceX

A few hundred people have been to space. Just shy of 250 have been to the International Space Station, and all of two dozen have been on the moon. Pretty soon, though, all of those numbers are about to get a lot bigger.

The space industry is booming, as companies and governments alike vie to create new ways to get people into orbit and new things to do once they get there. They're trying to figure out what space tourism might look like; how to design a space hotel; what life might look like on Mars; and how to train a whole lot of astronauts in a really short time. And, eventually, how to bring the cost of a ticket down to something more than a handful of people can afford.

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David Pierce

David Pierce ( @pierce) is Protocol's editor at large. Prior to joining Protocol, he was a columnist at The Wall Street Journal, a senior writer with Wired, and deputy editor at The Verge. He owns all the phones.

People

How to build a better Facebook

MeWe CEO Mark Weinstein comes on the Source Code Podcast to talk privacy, regulation and how to beat Facebook by being absolutely nothing like Facebook.

MeWe looks a little like Facebook — but it wants to act completely differently.

Image: MeWe

Many have tried to take on Facebook over the years, and none have succeeded. But Mark Weinstein thinks he might have a shot. Weinstein is the CEO of MeWe, and while he's not crazy enough to think he can completely take down the Big Blue app, he's pretty sure he can win over a few hundred million of its users.

MeWe has some things in common with Facebook — it has a news feed, you can post pictures and status updates, there are lots of groups — but its business model and view of the world couldn't be more different. It has no algorithmic timelines, no personalization and no ad business. It's up to 13 million users now, twice the number it had a year ago, and Weinstein thinks it's only just beginning to take off.

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David Pierce

David Pierce ( @pierce) is Protocol's editor at large. Prior to joining Protocol, he was a columnist at The Wall Street Journal, a senior writer with Wired, and deputy editor at The Verge. He owns all the phones.

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