Slate Money - Little Googlettes
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3.9 • 1.1K Ratings
🗓️ 24 October 2020
⏱️ 44 minutes
🧾️ Download transcript
Summary
Felix Salmon, Emily Peck, and Anna Szymanski discuss the antitrust case against Google, the life and death of Quibi, and Purdue Pharma’s $8.3 billion fine.
In the Slate Plus segment: Goldman Sachs.
Email: slatemoney@slate.com
Podcast production by Jessamine Molli.
Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hello! Welcome to the little Googlet episode of Slate Money, your guide to the business and finance news of the week. I'm Felix Salmon of Axios. |
| 0:22.6 | I'm here with Emily Peck of Huffpost. |
| 0:24.9 | Hello. |
| 0:26.1 | I'm here with Anna Shamansky of Breaking Views. |
| 0:29.2 | Hello. |
| 0:30.5 | And, oh my God, this was a busy week. |
| 0:33.0 | I wrote in my Axios Capital newsletter this week, which you should all subscribe to, |
| 0:37.0 | that there was this long list of announcements just this week, which you should all subscribe to that there was this |
| 0:37.8 | long list of announcements just this week from Purdue and Google and Goldman and Brogman |
| 0:45.5 | and all of this like crime crackdown is happening in the world of white collar crime. |
| 0:51.5 | So that's really what we're going to talk about, although we're |
| 0:54.4 | also going to talk about Quibi, because honestly, we have to talk about Quibi, right? Quibi is an amazing story. If you wanted to burn through $1.4 billion in six months, could you do it? Because Jeffrey Katzenberg could. So we're going to talk about Quibi. We're going to talk about Purdue Farmer and the $8.3 billion fine on them |
| 1:11.8 | and whether it's really real or not. |
| 1:13.5 | But first we're going to talk about Quibi. We're going to talk about Purdue Farmer and the $8.3 billion fine on |
| 1:11.6 | them and whether it's really real or not. But first we're going to talk about Google, this big |
| 1:17.3 | antitrust case, which is really important. So stay tuned for that. It's all coming up on Slate |
| 1:23.9 | money. So here's something which I didn't realize up until this week, which is that |
| 1:31.3 | antitrust cases, you hear about them a lot when there emerges, right? One company announces |
| 1:37.2 | it's going to buy another company and then everyone's like, well, assuming it passes antitrust, |
| 1:41.4 | you know, filters and sometimes it doesn't and the EU government or the US government |
| 1:45.8 | says you can't do that merger because it would be anti-competitive. That's basically all of antitrust. |
| 1:52.0 | When the government just goes along to a company where there's no merger involved, it's just a very big |
... |
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