David Sachs

I don't think that's going to happen.

But again, the timelines matter a lot.

And getting to a world with no money is not something that's going to happen in the next five years.

The more it veers into the consumer-facing, just trying to monetize, trying to addict people, trying to do all that, that is obviously going to create a lot of harm.

From Twitter headquarters, it's David Sachs here.

Ilan is sitting next to me.

And we want to welcome you to this historic Twitter Spaces event.

Every time you make a change, and it could be a very reasonable change, you still won't get it approved if you have to go to 50 states.

So this centralizes it.

Every time you make a change, and it could be a very reasonable change, you still won't get it approved if you have to go to 50 states.

So this centralizes it.

Well, first of all, let me give credit to Sam for calling this Code Red, breaking the glass and pulling the alarm.

I think it's so easy for CEOs in general to engage in happy talk and

ignore problems, especially when discussing them is going to create a PR story that they don't like.

And I do think one of the things that's unique about Silicon Valley is just that the founders and CEOs do treat the situation of their companies in a more existential way because we actually do have tremendous competition.

And so anytime I think a CEO is willing to, again, take a bad PR story in order to focus their troops on a real business problem, I think they deserve credit for it.

Because I think when you look at the rest of the Fortune 500, these CEOs are just kind of managing PR all the time.

Now, with respect to...

the ecosystem as a whole, it is very competitive.

And I think we've got five major companies, and they all have their strengths.