This week, Felix Salmon, Emily Peck and Stacy-Marie Ishmael talk about Facebook’s transformation to Metaverse, how the billionaire income tax would work (and why it won’t happen), and Hertz’s new deal with Tesla.  In the Plus segment: How a butt dial blundered a coup. Mentioned In the show: “<a href="https://www.vox.com/recode/22750807/hertz-tesla-uber-electric-car">Why Hertz’s big Tesla deal is such a blockbuster</a>” by Rebecca Heilweil“<a href="https://www.washingtonpost.com/us-policy/2021/10/26/billioniare-tax-dems-biden/">Democrats’ billionaire tax would heavily target 10 wealthiest Americans, but alternative plan is emerging</a>” by Jeff Stein, Andrew Van Dam and Tony Romm“<a href="https://www.wsj.com/articles/how-the-billionaires-income-tax-would-work-11635325201">How the Billionaires Income Tax Would Work</a>” by Richard Rubin “<a href="https://www.bloomberg.com/news/articles/2021-09-29/what-the-metaverse-is-who-s-in-it-and-why-it-matters-quicktake?sref=C3P1bRLC">What the Metaverse Is, Who’s in It and Why It Matters</a>” by Nate Lanxon “<a href="https://www.bloomberg.com/news/articles/2021-10-29/facebook-s-doppelganger-etf-rakes-in-cash-on-mistaken-identify?sref=C3P1bRLC">Facebook’s Doppelganger ETF Rakes in Cash on Mistaken Identity</a>” by Vildana Hajric and Claire Ballentine“<a href="https://www.theverge.com/2021/10/28/22745234/facebook-new-name-meta-metaverse-zuckerberg-rebrand">Facebook just revealed its new name: Meta</a>” by Kim Lyons “<a href="https://www.bloomberg.com/opinion/articles/2021-10-25/rogers-chairman-fires-board-for-firing-him-for-firing-ceo?sref=C3P1bRLC">Rogers Chairman Fires Board for Firing Him for Firing CEO</a>” by Matt Levine   Email: <a href="mailto:slatemoney@slate.com">slatemoney@slate.com</a>Podcast production by Cheyna Roth Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Slate Money

Backdoor to Monarchy

A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon.Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of our show page. Or, visit https://slate.com/moneyplus to get access wherever you listen.