Crypto collapse hits black Americans hard

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 fightTwitter hires Wachtell legal firm to sue Elon Musk for ending $44bn acquisitionCrypto collapse reverberates widely among black American investorsCairo houseboats adrift in storm over developmentThe 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 Hosted on Acast. See acast.com/privacy for more information.