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Axios Re:Cap

Mark Zuckerberg vs. Elizabeth Warren

Axios Re:Cap

Axios

Daily News, News

4.5705 Ratings

🗓️ 1 October 2019

⏱️ 11 minutes

🧾️ Download transcript

Summary

The Verge today published leaked audio from internal Facebook meetings, during which Mark Zuckerberg told employees that an Elizabeth Warren presidency posed an "existential" threat to the company. Dan digs in with The Verge's Casey Newton.

Transcript

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0:00.0

Welcome to Axisprerata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics.

0:13.2

Sponsored by Silicon Valley Bank. Ideas Bank here. I'm Danper Mac. On today's show, PayPal's big move into China and a possible texodus for Republicans.

0:22.7

But first, Mark Zuckerberg fights back. So earlier this morning, tech media site The Verge

0:28.3

published audio and a transcript from two internal Facebook meetings that occurred in July,

0:33.7

during which Mark Zuckerberg took questions from company employees. It touched on everything from

0:37.7

reputation to competition to corporate governance, but the biggest headlines related to comments

0:42.7

Zuckerberg made about a certain presidential candidate. Like Elizabeth Warren, who thinks

0:47.1

of the right answers to break up the companies, you know, if she gets elected president,

0:50.9

then I would bet that we will have a legal challenge, and I would bet that we

0:54.3

will win the legal challenge. This is one of those times where Zuck said the quiet part out loud,

0:59.2

and reflects how the so-called tech clash isn't just something being ginned up by DC journalists.

1:03.9

It's a real fear in Silicon Valley, particularly among big tech CEOs like Zuckerberg.

1:08.5

And remember, this came in July, well before Warren began

1:12.0

surging in the Democratic primary polls. So, four things to know. First, Zuckerberg said

1:16.7

his company would go to the legal mat to fight any breakup attempts and believes it would succeed.

1:21.6

Number two, he also argued that companies like Facebook and Amazon are better at fighting

1:25.3

things like election fraud because they're big,

1:28.2

although he didn't directly address the anti-competitive behavior piece that folks like Warren push on.

1:32.7

And three, speaking of Warren, she's already replied this morning via Twitter, not via Facebook,

1:37.5

saying that America, quote, must fix a corrupt system that lets giant companies like Facebook

1:42.0

engage in illegal anti-competitive practices,

1:44.7

stomp on consumer privacy rights, and repeatedly fumble their responsibility to protect our

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