Congress’s plans to break up Big Tech
Recode Daily
Recode
4.6 • 1.3K Ratings
🗓️ 15 June 2021
⏱️ 9 minutes
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| 0:00.0 | This episode is brought to you by Kraken. |
| 0:03.0 | Crypto is like the financial system, but different. |
| 0:07.0 | It doesn't care where you come from, what you look like, |
| 0:10.0 | your credit score, or your outrageous food delivery habits. |
| 0:13.0 | Crypto is finance for everyone, everywhere, all the time. |
| 0:18.0 | Visit Kraken.com slash see what crypto can be to learn more. |
| 0:22.0 | Don't invest unless you're prepared to lose all the money you invest. |
| 0:25.0 | 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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