Fri. 04/24 - Google Battens Down The Hatches

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 24 April 2020

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

AT&T’s CEO rides off into the sunset is both a surprise and not a surprise at all. Whole bunch of interesting Google news all at once. More on that iOS zero-day, more data on tech industry hiring and layoffs, and, of course, the weekend longreads suggestions. Sponsors: TinyCapital.com CognitoHQ.com Links: AT&T CEO Randall Stephenson to step down, COO Stankey to take over (CNBC) Google to cut marketing budgets by as much as half, directors warned of hiring freezes (CNBC) Google ditched tipping feature for donating money to sites (TechCrunch) Google will make all advertisers prove their identities, so people can see who they are and which country they’re in (CNBC) Apple Finds No Evidence Hackers Exploited iPhone, iPad Mail Flaw (Bloomberg) Tech companies pull back on hiring, flashing another grim warning sign for the U.S. economy (CNBC) Weekend Longreads Suggestions: Silicon Valley balanced grueling schedules with workplace perks. Coronavirus is forcing change (CNET) Preppers Are Quite Prepared to Enjoy Some Vindication (NYTimes) Following the money in a massive “sextortion” spam scheme (Sophos) How Instagram managed to survive antitrust scrutiny when it was acquired by Facebook (Fast Company) IN THE CORONAVIRUS ERA, THE FORCE IS STILL WITH JACK DORSEY (Vanity Fair) Subscribe to the ad-free feed right here, inside your podcast app! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Beam ride home for Friday, April 24th, 2020. I'm Brian McCullough today.
0:09.0	AT&T's CEO rides off into the sunset, as both a surprise and not a surprise at all.
0:15.8	Whole bunch of interesting Google News all at once.
0:18.2	More on that iOS Zero Day, more data on tech industry hiring and layoffs and of course the weekend long read
0:24.8	suggestions here's what you missed today in the world of tech.
0:29.8	This might be a bit inside baseball, but it is big news, even if you're not familiar with some of the names.
0:38.0	AT&T CEO Randall Stevenson is stepping down from his post and the current president and
0:44.8	C.O. John Stanky will be taking over the CEO position beginning July 1st.
0:51.2	Now I'm not sure how far to get into the weeds here, but Stevenson leaving now is sort of surprising,
0:59.8	and at the same time it was widely expected he would leave soon and yet at the same time there had been activist investors who were pushing Stevenson to leave earlier and the whole stanky taking over thing is eyebrow raising because stanky is the dude that pushed AT&T to get into the content business which was always controversial.
1:20.0	Like if you've been anticipating hbio max Stanky is the dude that made that happen.
1:24.3	He's also the dude that pushed out all of the old blood at HBO, the old blood that some people
1:31.0	like me would call geniuses.
1:33.0	Anyway, this is from C. M.C.
1:36.0	quote, Stanky who was being groomed as Stevenson's successor over the last couple years
1:40.0	recently dropped his position as CEO of AT&T's Warner Media, which will soon be led by Hulu co-founder
1:47.6	Jason Killar. Elliot Management, the activist investment firm that pushed for executive changes at AT&T said it supports Stanky as the company's next CEO.
1:58.0	The firm had previously been skeptical of putting Stanky at the helm of the company,
2:03.0	CMBC previously reported, end quote.
2:06.0	So yeah, you can see there are layers within layers
2:08.6	of Kremlinology that you could go into here if you want. Who's really winning now is hard to say
2:15.0	and what this means for AT&T going forward
	...

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