4.8 • 786 Ratings
🗓️ 15 August 2020
⏱️ 20 minutes
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0:00.0 | Here's the way that Angela Dalton from Signam sum this up. She wrote, step one, let Apple and Google know that you won't be paying their 30% tax to them on the Fortnite mobile app anymore. |
0:10.4 | Step two, wait for both to play along by cutting you off from their app stores. |
0:14.9 | Step three, slap a couple of brilliant antitrust suits on the table, complete with violations of both the Sherman Act and |
0:21.2 | California's Cartwright Act and an entertaining trailer of content, 1980 Fortnite, that would |
0:26.8 | bring a smile of yes to most faces. Move over Elizabeth Warren in your Big Tech is Bad Medium Post. |
0:33.1 | Are we witnessing the most creative execution of an activist moment we have seen from a company in history? |
0:40.7 | Welcome back to The Breakdown with me, NLW. |
0:44.8 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
0:50.7 | The breakdown is sponsored by crypto.com, BitStamp, and Nexo.io, and produced and distributed by CoinDess. |
1:00.4 | What's going on, guys? It is Friday, August 14th, and today we are talking about the Internet's |
1:07.7 | First World War, the battle royale between Fortnite, Apple, and Google. |
1:14.0 | First, however, let's do the brief. |
1:16.4 | First up on the brief today, our regular check-in around COVID economic indicators. |
1:21.8 | So the first has to do with jobless claims. |
1:25.3 | Initial jobless claims came in under one million for the first time |
1:29.1 | since the crisis began. Now, they're only down to the 960,000 range, so you're still seeing |
1:35.2 | nearly a million jobless claims even this far into things. But what you're not seeing is a |
1:41.7 | return to increased numbers, which we had a couple weeks ago. |
1:45.3 | The same applies to the continuing claims, which are in the 15 to 16 million range now, |
1:50.8 | down from 20 million just about a month ago. |
1:53.6 | Now, it's kind of hard and weird in some ways to think about being excited about such |
1:59.1 | huge numbers. |
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