JD Vance’s Silicon Valley Ties 7/16/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 16 July 2024
⏱️ 8 minutes
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| 0:00.0 | Former President Trump announcing Ohio Senator JD Vance has his presidential running mate |
| 0:05.0 | but despite Vance's long-time ties to Silicon Valley as a former venture capitalist, |
| 0:09.5 | his attitude toward tech regulation is not as straightforward as you might expect. |
| 0:14.6 | Are Deirdrebosa digging into that for today's tech check? |
| 0:16.8 | Morning, D. |
| 0:17.8 | Hey, good morning, Carl. |
| 0:18.7 | Vance's loyalty and politics, they reside firmly with little tech so any optimism that another |
| 0:24.9 | Trump administration would be friendlier or at least less hostile to big tech |
| 0:29.4 | that deserves another look as do any deals that will undergo regulatory scrutiny like |
| 0:34.0 | Google's 23 billion dollar bid for Cybersecurity Startup Whiz which one analyst |
| 0:38.4 | yesterday called just the tip of the iceberg in a massive M&A cycle for 2025 if Trump wins. |
| 0:45.5 | Vance posted earlier this year, it's time to break Google up, calling it the most important |
| 0:50.7 | election integrity issue. |
| 0:52.4 | He's also been critical of Meta Apple, Amazon, |
| 0:54.8 | part of what he calls the big tech oligarchy. |
| 0:57.6 | He's even called the FTC's Lena Khan, |
| 0:59.6 | one of the few people in the Biden administration |
| 1:02.4 | that, quote, I think is doing a pretty good job |
| 1:05.0 | acknowledging that his support of Khan's aggressive antitrust stance that sets |
| 1:09.7 | him apart from most of his Republican colleagues. It gets murky here as well. As a VC he |
| 1:14.6 | backed startups like Rumbull. That's a conservative video platform that stands to |
| 1:18.9 | benefit if YouTube is more regulated. His other investments through Narya Capital were at the earliest stages of a startup's life, |
... |
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