Netflix CEO Reed Hastings; Department of Justice VS. Big Tech

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 18 June 2020

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Department of Justice has submitted a proposal to Congress, recommending a rollback of the immunity shield that protects internet companies from liability for what’s posted on their platforms. Former White House Chief Technology Officer Aneesh Chopra discusses the “good, bad, and the ugly” of the Section 230 legal framework introduced in the 1990s. The Anti-Defamation League and five other organizations took out an ad in the LA Times: #StopHateforProfit. ADL CEO and National Director Jonathan Greenblatt explains the group’s campaign urging global corporations to take an “ad pause” from Facebook in July and in doing so, push Mark Zuckerberg to make changes to his platform. Plus, CNBC’s interview about race, inequity, and opportunity gaps with Netflix CEO Reed Hastings, UNCF CEO Michael Lomax, Spelman College President Mary Schmidt Campbell, and Morehouse College President David Thomas. Hastings is donating $120 million to HBCUs and raising the bar for corporate executives.

Transcript

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0:00.0	This is
0:02.0	C.
0:05.0	C. C. C. C. Cramer, today on our podcast.
0:06.0	A tug of war between Silicon Valley and Washington.
0:09.0	The Department of Justice is now involved in calls for social media's responsible content
0:14.4	moderation. Former White House Chief Technology Officer Anish Chopra.
0:18.4	If you agree that there's a problem that there's information online that's
0:21.8	propagated that perhaps is doing more harm,
0:24.0	then the question is do you want to see more engagement to bring some of that information off
0:28.6	or is do you want to see less? And the head of the Anti-Defamation League says Facebook should be doing more to see less of that content, his Stop Hate for Profit campaign.
0:39.0	This company is worth almost $700 billion. The idea that they can't tackle this problem is I think
0:46.8	laughable. Plus a conversation special to this podcast Netflix CEO Reed Hastings
0:52.4	donates 120 million dollars to historically black
0:55.3	colleges and raises the bar for corporate leaders.
0:58.4	We want to help draw attention to the HBCUs to them being part of the solution for America and for black children to aspire to.
1:08.0	Those stories and more.
1:10.0	It's Thursday, June 18th, 2020.
1:12.9	Squack Pot begins right now.
1:14.7	Good morning, everybody.
1:16.6	Welcome to Squack Box here on C.M.C.
1:19.0	I'm Becky Quake, along with Joe Kernan and Andrew Ross
1:21.4	Sorkin.
	...

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