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DOJ antitrust case against Google; why Quibi failed
Nicholas Thompson, editor-in-chief of WIRED, helps us make sense of today's stories in technology:
Why is the Department of Justice suing Google?
Well, they are suing Google because Google is a giant, massive company that has a dominant position in search. In fact, on your phone, you almost can't use any other search engine or at least your phone is preloaded with Google as a search engine and you probably don't know how to change it. The Department of Justice alleges that Google has used its power and its muscle to maintain its position, and that violates the antitrust laws.
Goodbye Quibi. Why did the video streaming platform fail?
Well, Quibi failed in part because of timing, it launched right at the start of the pandemic, which was very, very hard. Secondly, they just didn't have the right content, nothing seemed magical. And third, they made a bunch of tactical errors. They didn't allow people to screenshot and share stuff from the videos they saw. They weren't available on every platform. They made some mistakes. And now, unfortunately, they're gone.
Barr pressures DOJ to bring antitrust suit against Google
Nicholas Thompson, editor-in-chief of WIRED, discusses technology industry news today:
What's the deal with Google and antitrust?
Well, we've long known that the Department of Justice is likely bringing an antitrust suit against Google. What we've just learned this week is that William Barr, the attorney general, is pressuring them to bring it really quickly, and the career lawyers don't like that idea. Why is he doing that? Maybe because he thinks they're going slowly, maybe because he wants a political victory for Trump before the election.
Should we be worried about the decline in stock for Apple, Amazon and Tesla?
No, we should not. Those stocks, well, tech stocks swing wildly. All three companies are totally fine. Their stocks were quite inflated.
What is the controversy over Disney Plus's new movie, Mulan?
Amazing thing is that about five minutes ago, I got an e-mail saying my kids had purchased it and are watching it. The controversy is, what I saw, which is, "I've already paid for Disney Plus and I have to pay $30 more?" If they like it, it's worth it, but it's still a lot.