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Cathie Wood suggests former Salesforce CEO Bret Taylor should run Twitter

Yahoo Finance's Julie Hyman and Brian Sozzi discuss Ark Invest Founder Cathie Wood's comments on who should run Twitter next following Elon Musk's takeover.

Video transcript

[AUDIO LOGO]

JULIE HYMAN: Cathie Wood of Ark Invest, of course, known for her strong opinions. In one hot take, former Salesforce co-CEO Bret Taylor should be next in line to run Twitter. Of course, he was chairman of Twitter as well. I got the chance to speak with Wood yesterday. And we talked about why she thinks he'd be a good fit.

CATHIE WOOD: And I thought, hmm, he was on the Twitter board. Maybe? You never know. I'm not-- this is not even a rumor. I'm just saying he's the kind of person that I believe Elon Musk is attracted to and will surround himself with at Twitter.

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JULIE HYMAN: So, Sozz, that was kind of a fun thought bubble from Cathie at the end of our lengthy interview yesterday. And we talked about a lot of other stuff, including her performance, which maybe we'll get to in a moment.

But she was talking about how she's confident that Musk is taking the right tack in putting good engineers around him at Twitter, and sort of working on that side of the business. And she brought up Taylor, obviously, because he just left Salesforce. And that he is a good operator.

Now, again, this was a thought bubble. It wasn't like she was saying she has any particular information. It was sort of an intriguing idea. He certainly didn't seem to direct all of his ire that he did at Parag Agrawal, the former CEO, as he did at Taylor. But of course, Taylor must have been, one would think, instrumental in pushing Musk to get the-- you know, to do the deal.

BRIAN SOZZI: Right. And to my knowledge, I don't think Elon ever attacked Bret on Twitter.

JULIE HYMAN: Don't think so.

BRIAN SOZZI: Never called him out so that's interesting. But, you know, I've got to spend some time with Bret this year at various events. I don't see it. I get where Cathie's making that assumption or that prediction. But these are two wildly different people, I think in terms of personality.

Bret is pretty just focused. You know, he's an executor. And that's good. Elon is just really-- just from a personality standpoint, I could just see this clashing.

JULIE HYMAN: Yeah, well, I guess we'll have to see. I mean, we should note as well, when we talk about Cathie Wood, the other thing that we really talked about a lot with her was how her funds have done, which is not well. And what's going on with interest rates. And she thinks that things are poised to improve next year.

She talked about the, you know, dot-com bust, right? And how that's set many of those industries back by many years. But because of where we are in the innovation cycle now, that this market and economic setback will not be as deleterious to the innovation economy, if you will, as it was back then.

BRIAN SOZZI: Can't get any worse could it?

JULIE HYMAN: Yeah, it could get worse.

BRIAN SOZZI: It's been--

JULIE HYMAN: You're not seeing companies go out of business, as they did during the dot-com boom by anywhere near the same rate because it's a more mature industry, which I think--

BRIAN SOZZI: Sure.

JULIE HYMAN: --is the point she was trying to make. But--

BRIAN SOZZI: All right, well--

JULIE HYMAN: --as to whether her performance will improve--

BRIAN SOZZI: We will be here to report it.

JULIE HYMAN: Yes.

BRIAN SOZZI: Julie Hyman, thank you so much for coming and for the interview. I appreciate it.

JULIE HYMAN: Yeah, good to be here. Thanks for having me.

BRIAN SOZZI: Thank you so much.