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Equity

Equity Shot: The DoJ, Google, and the suit could mean for startups

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 20 October 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

It's a big day in tech because the US Federal Government is going after Google on anti-competitive grounds. Sure, the timing appears crassly political and the case is not picking up huge plaudits thus far for its air-tightness, but that doesn't mean we can ignore it.

Transcript

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0:00.0

Hello and welcome to an equity shot. My name is Alex Wilhelm.

0:13.1

I have Danny Criden on the phone.

0:15.1

Danny, how are you?

0:16.2

I'm doing it all right, Alex.

0:17.2

How are you today?

0:18.9

Better than Google, who has been sued by the DOJ and 11 state AGs over anti-competitive behavior.

0:25.6

Now Danny, we have known for a long time that this was coming.

0:28.6

It was pre-Saged, I think, rather heavily.

0:31.7

I have had a chance to dig into the actual filing. I have many many opinions but just

0:35.9

going to set the ground here for people that are tuning in and are unsure of why we've reached this moment.

0:40.7

Why Google and why now? Well it did take me a little bit of time to find the

0:44.6

filing I was using Bing and after a while I gave up and used Google which may be part of the problem

0:49.4

but let's let's boil it down so you know obviously big tech has gotten really really large over the last decade

0:55.1

There's been increasing concerns about all the big tech companies everything from Facebook to Apple to Google and onwards and onwards

1:01.2

One of the angles that the government is trying to take on sort of regulating these companies

1:05.6

is around antitrust.

1:07.4

So in the United States, the major antitrust act is the Sherman Act.

1:10.4

That's what the DOJ filed under this morning under section two.

1:13.2

It's particularly focused on search and particularly search advertising.

1:17.4

And so, you know, one of the things on the conference call with journalists this morning

1:21.0

that the W.D. A.G. was talking about

1:23.1

is you know obviously there's a lot of concerns about social media bias. There's a lot of

...

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