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Marketplace Tech

Bytes: Week in Review — What a second Trump presidency could mean for the tech sector

Marketplace Tech

Marketplace

News, Technology

4.51.3K Ratings

🗓️ 8 November 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

The president-elect is also a former president who’s been a fixture in national politics for the last decade. But predicting what Donald Trump might have in mind for the tech industry in his second term based on that history, well, that’s a tough call. Trump has, at times, had strong words for some tech titans, cozied up to others, and pushed for — and then against — a TikTok ban. His first administration initiated several antitrust cases against tech companies, but Trump recently expressed skepticism about the potential breakup of Google after a federal judge ruled that its search business was a monopoly. Marketplace’s Meghan McCarty Carino spoke with Paresh Dave, a senior writer at Wired, about the future of tech antitrust policy and more in the second Trump term.

Transcript

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0:00.0

Reading the Trump tea leaves for the tech industry is kind of tricky.

0:06.9

From American Public Media, this is Marketplace Tech.

0:10.1

I'm Megan McCarty Carino.

0:20.6

We've got a new president-elect, who's also a former president, and a fixture of the political scene for the last decade.

0:29.3

But predicting what Donald Trump might have in mind for the tech industry based on that history, well, it's a tough bet.

0:36.9

But we're going all in for today's Marketplace

0:39.9

Techbytes week in review. Donald Trump has at times had strong words for some Tech Titans,

0:46.3

cozied up to others, pushed for and then against the banning of TikTok, and recently expressed

0:52.6

skepticism about the potential breakup of Google in an antitrust

0:56.8

case that ruled its search business a monopoly. Here to discuss the future of tech policy in the

1:03.3

second Trump term is Pereshtaveh, a senior writer at Wired. We know he often says one thing and

1:09.5

does another, and he also changes his minds on many things.

1:13.0

So I guess I'm not sold that he's definitely not going to move forward with trying to push for a breakup of Google.

1:21.0

We'll get an indication, perhaps later this month, when the Department of Justice is expected to lay out exactly what remedy

1:29.5

it seeks against Google now that it won the case in court. But we could also get an indication

1:35.6

if that filing deadline, if the DOJ asked for an extension into next year after January 20th when

1:41.8

President Trump takes office, that could be an indication that they're

1:45.5

going to defer to what he wants. But we have to remember here that these cases against Google,

1:50.4

against meta, against Amazon, they all began back in the Trump administration in many ways.

1:55.8

He was the one who really kicked off this aggressive enforcement against big tech companies that President Biden only

2:03.2

continued. That's important to bear in mind. And one of the big question marks, I think, is the future

2:09.6

of Federal Trade Commission chair, Lena Kahn, who has been probably in the Biden administration,

...

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