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WSJ Opinion: Free Expression

Big Tech’s Brutal Year

WSJ Opinion: Free Expression

Gerard Baker, Editor at Large, The Wall Street Journal

Society & Culture, News

4.6591 Ratings

🗓️ 19 December 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

With Congress calling for a ban on TikTok, the release of Elon Musk's 'Twitter Files' and the collapse of FTX, the technology sector faces the possibility of regulation now more than ever. On this episode of Free Expression, Rep. Ro Khanna (D-CA) speaks to Wall Street Journal Editor at Large Gerry Baker about why tech companies need to be more transparent about their policies, and the dangers of big political donations coming from the tech sector.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

From the opinion pages of the Wall Street Journal, this is Free Expression with Jerry Baker.

0:08.4

Welcome to Free Expression with me, Jerry Baker from the Wall Street Journal editorial page.

0:12.8

Delighted you're joining us. If you're not already a subscriber, please do subscribe wherever you get your podcasts.

0:18.0

This week, Twitter, cryptocurrency, Facebook and more. It's been a turbulent year for the tech

0:24.1

sector. Stock prices of the Silicon Valley giants like Facebook Parent Meta, along with Amazon and Google,

0:30.4

are down by between a third and two-thirds this year, with business conditions deteriorating.

0:35.4

They're making deep job cuts for the first time in their young history, And they continue to face questions about their outsized role in the modern American

0:41.9

economy, with demands from many sides for tougher regulation. Then there's cryptocurrency.

0:46.8

The spectacular collapse of FTX, a major crypto trading platform last month, and the prosecution

0:51.8

of its former CEO Sam Bankman Fre-Fried, on fraud charges,

0:56.4

have prompted concerns about the health and future of the whole business of digital currency.

1:01.6

Is it all just a decentralized Ponzi scheme? Some think it is. Or is it actually a valid

1:06.7

alternative to central bank-controlled money? And then, of course, there's Twitter. Acquired by

1:12.8

Elon Musk in October, the company that's one of the most influential platforms in the world for

1:16.5

the dissemination of news, information and commentary, has been the focus of extraordinary attention

1:20.8

ever since. Musk has been steadily releasing details of how the platform handled, censored,

1:26.9

and sometimes outright blocked

1:28.2

content and individuals before he acquired it. The Twitter files, as they're called, have revealed

1:33.0

troubling details about the company's approach to so-called misinformation, which often in the

1:37.1

past seems to encompass largely conservative views, and the latest revelations have shown

1:41.4

a close relationship with government law enforcement.

1:49.4

Meanwhile, Musk himself has sparked outrage among the major media by himself banning some users for what he calls violations.

...

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