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KQED's Forum

Major Federal Lawsuits Target Facebook’s Social Networking Monopoly

KQED's Forum

KQED

News, Politics, News Commentary

4.2726 Ratings

🗓️ 11 December 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

The federal government and 46 states filed sweeping antitrust lawsuits against Facebook on Wednesday, alleging that the social media company is illegally maintaining a monopoly that crushes competition and harms users. The lawsuits, filed in Washington, D.C., seek remedies that could require Facebook to sell off WhatsApp and Instagram. We'll talk about the complaints and what's at stake for the Menlo Park-based social networking giant. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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farm-fresh ingredients. Learn more at Rancho LePuerta.com.

0:27.3

Support for Forum comes from Broadway S.F. presenting Parade, the musical revival based on a

0:33.2

true story. From three-time Tony-winning composer Jason Robert Brown comes the story of Leo and

0:39.7

Lucille Frank, a newlywed Jewish couple struggling to make a life in Georgia. When Leo is accused

0:46.3

of an unspeakable crime, it propels them into an unimaginable test of faith, humanity, justice,

0:53.4

and devotion. The riveting and gloriously hopeful parade

0:57.6

plays the Orphium Theater for three weeks only, May 20th through June 8th. Tickets on sale now

1:04.4

at Broadway, sF.com.

1:08.3

From KQED. We're going to turn our attention now to Silicon Valley.

1:13.4

The federal government and 46 states filed sweeping antitrust laws against Facebook on Wednesday,

1:19.3

alleging that the social media company is illegally maintaining a monopoly that crushes competition and harms users.

1:26.3

The lawsuits filed in Washington, D.C., seek remedies that could require Facebook to sell off WhatsApp and Instagram.

1:32.3

And we're going to talk about the complaints and what's at stake for the Menlo Park-based social networking giant with Tony Rahm,

1:38.3

Senior Tech Policy Reporter for the Washington Post, and welcome Tony Rom.

1:42.3

Hey, thanks for having me.

1:45.0

Glad to have you and let's begin by sort of outlining what we're talking about here.

1:49.0

We're talking about Instagram, a $1 billion sale back in 2012 and WhatsApp, a $19 billion

1:55.0

sale of that managing service company in 2014.

...

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