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What the tech antitrust hearing did and did not prove

Nicholas Thompson, editor-in-chief of WIRED, discusses technology industry news today:


What happened at the antitrust hearings this week?

Well, CEOs of Apple, Amazon, Google, Facebook testified in front of the Subcommittee in Antitrust of the House Judiciary Committee for five hours. There's a fair amount of nonsense and conspiracy talk, but mostly it was a pretty good hearing where the House members dug into questions about whether four companies abused their market positions to their advantage? Whether they used predatory pricing to drive competitors out of the market? Whether they used inside information from their services to identify and then copy and kill competitors? And the evidence that was presented, if I were to sum it up quickly, is, yes, they did do that. They did abuse their market power. But what wasn't presented was clear evidence of consumer harm. We know they acted in ways that distorted capitalism, but were people really hurt? That's a big question. I look forward to their report.

Evaluating Data Privacy & Regulation in the US

How much regulation and oversight should the US government have when it comes to big tech? In an interview with Ian Bremmer for GZERO World, Marietje Schaake, former member of EU Parliament and international policy director of the Cyber Policy Center at Stanford University, argues that government relies on private tech firms for much of its own tech and data infrastructure, and that could be against the interest of citizens and consumers. Using examples of election security and misinformation promulgated in the COVID-19 pandemic, Schaake discusses the competing nature of profit-driven advertising platforms and the public good.

Should Facebook be broken up?

Should Facebook be broken up?

I think Facebook is too big. I think it's too powerful. I wish there was more competition in tech. But I lean towards thinking our current Department of Justice wouldn't do a great job breaking it up.

What was the coolest thing Google announced at its keynote?

I think probably the high-end phone for $400. To have a competitive high-end smartphone and for half the price - pretty neat!

Was the strike against Uber and Lyft successful?

Probably not. I mean by their very nature, because anybody can join or almost anybody can become an Uber and Lyft driver, it is very hard to organize a strike. I think that's what we saw over the last few days.

What should we all learn from Theranos?

Well, don't trust magical unicorns. But also if you're a journalist, there are amazing stories out there. Go find them.

Facebook Bans 'Dangerous' Voices: Tech in 60 Seconds

Will Facebook face a backlash over banning Louis Farrakhan and Alex Jones?

Yes! Every time Facebook bans somebody they will proclaim themselves a free speech martyr. That doesn't mean Facebook shouldn't have banned them.

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Google's CEO testified before Congress this week. Here's what you need to know. Also check out Nicholas Thompson's holiday gift offer!

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And go deeper on issues like cybersecurity and artificial intelligence at Microsoft Today in Technology.

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