Amazon Faces Monopoly Suit, Google Turns 25 & OpenAI’s New Valuation

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 27 September 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Trade Commission has sued Amazon claiming its online marketplace is a monopoly. WSJ reporter Dana Mattioli explains the claims. Plus, Google faces its own antitrust suit over its search engine. WSJ reporter Miles Kruppa discusses how the tech giant, which turns 25 today, is dealing with recent challenges. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.5	Welcome to Tech News Briefing.
0:35.0	It's Wednesday, September 27th.
0:37.4	I'm Zoe Thomas for the Wall Street Journal.
0:40.6	Monopoly seems to be top of mind for regulators and big tech companies right now.
0:46.0	It's not a game, though.
0:48.2	The future of how we do things online could be impacted by two landmark antitrust cases,
0:54.7	one against Amazon, the other targeting Google.
0:58.0	They'll tell you how both are playing out.
1:07.8	Starting with that Amazon case, the Federal Trade Commission and 17 states have sued
1:13.1	the company, alleging the online retailer illegally wields monopoly power that keeps prices
1:18.8	artificially high, locks sellers into its platform, and harms its rivals.
1:25.6	Our reporter Dana Madioli has been covering Amazon for a long time, and she joins me now
1:30.8	with the details.
1:32.2	Dana, can you tell us more about the FTC's claims?
	...

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