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Channels with Peter Kafka

How to compete against Google and Facebook: Go around them! (Tim Armstrong, CEO, Oath)

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4585 Ratings

🗓️ 31 August 2017

⏱️ 52 minutes

🧾️ Download transcript

Summary

Tim Armstrong, the CEO of Verizon's media properties Yahoo and AOL, talks with Recode's Peter Kafka about how those sites — collectively known as Oath — will survive and evolve. Armstrong, previously an early sales exec at Google, says competing directly against Google and Facebook for advertising dollars would be "the worst thing we could do" and instead, Oath plans to find other ways to win a piece of the pie. He also explains why it makes sense for Verizon to own Yahoo and AOL in the first place, what he learned from the struggles of local news site Patch and whether he would run for political office (no). Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Today's show is brought to you by TransferWise. Do you ever need to send money internationally? Maybe you're an engineer, moved to the U.S., maybe you're a business owner trying to pay suppliers in another country, you're a freelancer getting paid by someone in a foreign country. You should use TransferWise. When it comes to sending money, banks are stuck in the past. TransferWise is the future. Go to the future. It's better there.

0:22.4

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0:27.8

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0:31.4

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0:36.8

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0:40.5

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0:44.0

You could download the app from Apple Store or Google Play.

0:46.7

Once again, that's TransferWise.com.

0:49.3

Transfer like I got to transfer money from one country to another country.

0:53.3

And wise, like I'm a wise person who listens to Recode Media.

0:57.0

It's TransferWISE.com.

1:02.4

This is Recode Media with Peter Kafka.

1:04.7

That's me.

1:05.4

I'm part of the Vox Media Podcast Network.

1:07.9

I am here in Vox Media Studios with Tim Armstrong, who is CEO of Oath. It's a new title

1:14.8

for you. Welcome, Tim. Peter, good to see you here. And the former Goldman Sachs building,

1:19.3

85, downtown. Amazing that you guys are here. The office looks spectacular. We're here. There's a

1:24.8

we work upstairs where Goldman used to be. Wow. Things have changed.

1:27.8

Times are changing. One thing that's not changed from the last 20 years, you've been working in

1:32.7

internet media? Yep.

1:34.2

Used to be running sales at Google. You're the first sales guy, first revenue guy at Google.

1:39.1

One of them. Ran AOL forever. Yep.

...

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