NYU's Scott Galloway: "Being an innovator doesn't make you Jesus"

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9 • 654 Ratings

🗓️ 28 October 2017

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Sunday Times' tech correspondent Danny Fortson brings on Scott Galloway of NYU's Stern School of Business and author of The Four, to talk about how the big Internet companies Amazon, Apple, Facebook and Google are like Darth Vader (2:10), Amazon's astoundingly low tax bill (5:45), its Jedi mind tricks (7:30), moving to a 'zero-click' model (9:30), the need to revisit antitrust laws (12:30), why Europe is going to lead the charge against Big Tech (14:30), how Google stockpiles geniuses (16:00), why Facebook is the most vulnerable (18:00), why the best thing it can do is overreact (21:45), Apple's historic ability to make money (22:45), how tech has replaced religion (24:30), its extraordinary concentration of power and wealth (27:00), what happens when Google gets hacked (30:30), Facebook's existential crisis (31:45), how the giants kill upstarts (33:15), and the coming war on Big Tech (37:00).

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Transcript

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0:00.0	At the University of Southampton, they won't just teach you.
0:03.8	They'll challenge, support and empower you.
0:06.5	Visit an Open Day to see why they're targeted by top employers
0:09.7	and to find out how their incredible research and mind-blowing facilities will shape your learning.
0:15.7	Hi, I'm Joshie, a math student here at Southampton.
0:18.7	Open Days really help me pitch your living here.
0:20.6	You can chat to students like me, meet our brilliant academics,
0:23.4	explore the campuses, and get a real feel for what it's like studying here.
0:26.7	Book your place.
0:27.7	Search Southampton Open Days.
0:32.6	Yo, technology.
0:35.3	What is it all about?
0:37.0	One in six queries posed to Google have never been asked before in the history of mankind.
0:42.3	Welcome to another edition of Danny in the Valley. We have a good one for you this week.
0:46.9	As all of you loyal listeners out there know, what we usually do is have on either a founder or an entrepreneur, an investor.
0:56.0	Maybe occasionally we do these, the more produced things like we did last week. But this week I wanted to do something a bit
1:00.5	different. I sat down with Scott Galloway, who's a professor at NYU's Stern School of Business,
1:06.0	and an entrepreneur himself, who has founded several companies. But he has also just written a book called
1:12.2	The Four, which is about the big four internet companies, Amazon, Apple, Google, and Facebook.
1:17.8	And it really looks at how they have carved up the world and why we shall be very afraid.
1:23.4	And I was excited to get some time with Professor Galloway because, one, he is just a font of
1:27.1	knowledge and astounding statistics about these companies.
	...

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