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Economist Podcasts

If you already joined ‘em, beat ‘em: Facebook gets sued

Economist Podcasts

The Economist

News, News & Politics

4.35K Ratings

🗓️ 10 December 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

American regulators have put mergers that they approved years ago at the heart of antitrust lawsuits—a tricky bid to curb the social-media giant’s market power. We examine the surge of an artist-led protest movement in Cuba, where dissent on any scale is a dangerous proposition. And what a cross-border, ski-slope spat reveals about European co-operation. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio.

0:06.9

I'm your host, Jason Palmer.

0:09.8

Every weekday, we provide a fresh perspective on the events shaping your world.

0:17.8

In Cuba, noises from the Movimento San Isidro are growing louder.

0:22.5

The pro-democracy movement started with scholars and artists.

0:26.5

Now that it's absorbing other protest groups with other agendas,

0:30.0

there seems to be a glimmer of hope for change.

0:33.8

And, given that Europe's ski resorts were so central to the spread of the coronavirus earlier in the year,

0:40.3

you'd think a coordinated decision to shut them this season would be uncontroversial.

0:45.3

The fact that it isn't tells you a lot about European cooperation.

0:56.0

But first... No company.

1:01.1

No company should have this much unchecked power

1:03.8

over our personal information and our social interactions.

1:08.7

American authorities pushback against big tech firms sharpened yesterday with two lawsuits

1:13.9

against Facebook, one filed by the Federal Trade Commission and another by the Attorney's

1:19.1

General of 48 states and territories. Attorney General Letitia James of New York, who led the

1:25.6

state's investigation, called on the courts to halt the

1:28.5

social media giant's anti-competitive conduct.

1:30.8

Today, we are sending a clear and a strong message to Facebook in every other company

1:36.8

that any efforts to stifle competition and hurt small businesses, reduce innovation and

1:44.0

creativity,

1:45.0

or cut privacy protections, will be met with the full force of our offices.

...

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