Crypto collapse hits black Americans hard
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Twitter is mounting legal action against Elon Musk as he tries to terminate the deal to buy the social media company, black Americans’ higher exposure to cryptocurrencies has left them more vulnerable to the financial downturn, Cairo’s storied houseboats have been removed as part of bigger changes that many fear will destroy heritage and green space in the Egyptian capital.
Mentioned in this podcast:
Experts say Musk faces uphill battle for victory in Twitter legal fight
Twitter hires Wachtell legal firm to sue Elon Musk for ending $44bn acquisition
Crypto collapse reverberates widely among black American investors
Cairo houseboats adrift in storm over development
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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