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The Intelligence from The Economist

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

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K 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.

0:07.0

I'm your host, Jason Palmer.

0:09.0

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

0:17.0

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

0:22.0

The Pro-Democracy movement started with scholars and artists.

0:26.0

Now that it's absorbing other protest groups with other agendas, there seems to be a glimmer of hope for change.

0:33.0

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

0:40.0

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

0:45.0

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

0:49.0

But first...

0:56.0

No company. No company should have this much unchecked power over our personal information and our social interactions.

1:08.0

American authorities push back against big tech firms sharpened yesterday with two lawsuits against Facebook.

1:15.0

One filed by the Federal Trade Commission and another by the attorneys general of 48 states and territories.

1:22.0

Attorney General Leticia James of New York, who led the state's investigation, called on the courts to halt the social media giants' anti-competitive conduct.

1:31.0

Today we are sending a clear and a strong message to Facebook and every other company that any efforts to stifle competition and hurt small businesses,

1:42.0

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

1:52.0

The Federal Trade Commission said Facebook's purchases of WhatsApp and Instagram had stifled competition and that it would push to make the company sell them off again.

2:02.0

Facebook isn't the only object of regulatory scrutiny. In October, America's Justice Department filed a sweeping antitrust suit against Google.

2:12.0

There's a growing consensus in America that the tech giants are just too giant.

2:17.0

But in trenching in law, what is fair for consumers and competitors will be no easy task.

2:23.0

The lawsuit to ledge that Facebook has behaved in an anti-competitive manner.

2:29.0

Paul Hodson is the economist's technology correspondent.

...

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