4.5 • 705 Ratings
🗓️ 1 April 2019
⏱️ 10 minutes
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0:00.0 | Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics. |
0:09.7 | Sponsored by Bridge Bank. Be bold. Venture wisely. On today's show, lift stock price stalls and the world's most popular email service turns 15. |
0:18.4 | But first, Mr. Zuckerberg goes to Washington. Well, at least to the Washington |
0:22.0 | Post. So Facebook CEO wrote a 969 word op-ed yesterday for Jeff Bezos's media venture, trying to head |
0:28.9 | off growing criticism of his company, and in short, seem to be arguing for new government regulations, |
0:34.8 | particularly in areas like data privacy, election integrity, and even |
0:38.4 | speech. He writes, quote, lawmakers often tell me we have too much power over speech, and |
0:44.1 | frankly, I agree. I've come to believe that we shouldn't make so many important decisions about |
0:49.1 | speech on our own, end quote. Okay, so either government or quasi-government bodies who create standards, including on things like data portability, are what Facebook wants, and it makes some sense since regulation often benefits big incumbents, particularly if they get ahead of the train and help shape the tracks. What's a bit more confusing, though, are comments made by Facebook policy executive Kevin Martin to Axios this morning, in which he argues against Senator Elizabeth Warren's plan to break up companies like Facebook, arguing that the company can do a better job on areas like user privacy if it's unified, if it's big. |
1:23.1 | But didn't Zuckerberg just say Facebook is too big, too scaled to do it without regulation? |
1:28.3 | In a word, confusing. |
1:29.7 | So we'll go deeper in 20 seconds with Kim Hart, Axios managing editor. |
1:32.9 | But first, this. |
1:34.3 | The Equity Fund Resources Group at Bridgebank is a central hub for the venture capital and private equity communities. |
1:40.5 | Offering banking services for funds, partners, and their portfolio companies, Bridgebank's |
1:44.6 | financial solutions are designed for the entire innovation ecosystem and include creative |
1:49.2 | credit solutions, robust treasury and cash management capabilities, and a suite of international |
1:54.1 | banking products. |
1:55.5 | Bridgebank is a division of Western Alliance Bank. |
1:58.2 | Bridgebank, be bold, venture wisely. |
2:04.0 | We're joined now by Axios managing editor Kim Hart. So Kim, why is Zuckerberg writing this op-ed now? Well, the writing is definitely |
2:09.7 | on the wall that lawmakers around the world are more and more nervous about just the large scale, |
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