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Recode Daily

Congress’s plans to break up Big Tech

Recode Daily

Recode

Society & Culture, Science, Technology

4.61.3K Ratings

🗓️ 15 June 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

Last week, House Democrats on the Antitrust Subcommittee announced legislation aimed to check the power of Big Tech: namely Amazon, Apple, Facebook, and Google. As a number of Republicans co-sponsored the bills, things seem promising that congress may soon upend the business models of these tech giants. Recode’s Shirin Ghaffary, who’s been following antitrust reform explains which bill seems most promising. References: Read Shirin’s story here: https://www.vox.com/recode/22529779/antitrust-bills-house-big-tech Enjoyed this episode? Rate Recode Daily ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts. What do you want to learn about on Recode Daily? Send your requests and questions to recodedaily@recode.net. We read every email! Subscribe for free. Be the first to hear the next episode of Recode Daily by subscribing in your favorite podcast app. Learn more about your ad choices. Visit megaphone.fm/adchoices This episode was made by: Host: Adam Clark Estes (@adamclarkestes) Producer: Schuyler Swenson Engineer: Marisa Ewing of Hemlock Creek Productions Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode is brought to you by Kraken.

0:03.0

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0:22.0

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This is a high risk investment and you should not expect to be protected

0:28.0

if something goes wrong.

0:37.0

The looming threat of sweeping anti-trust reform is no longer looming.

0:42.0

Last week House Democrats on the Anti-Trust Subcommittee

0:45.0

announced legislation aimed at checking the power of big tech,

0:49.0

namely Amazon, Apple, Facebook, and Google.

0:52.0

And there's even hope for bipartisanship as a number of Republicans

0:56.0

sponsored the bills, which could upend the business models of these tech giants.

1:00.0

Jareen Gafari has been following anti-trust reform for Recode and is here to tell us more.

1:04.0

Hi Jareen.

1:05.0

Hi Adam.

1:06.0

So it sounds like some progress was made last Friday in Congress, what happened?

1:09.0

Yeah, so on Friday, five big bills were introduced collectively.

1:14.0

They're called a stronger online economy, opportunity, innovation, and choice.

1:18.0

What they're really about is essentially regulating big tech,

...

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