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Pivot

Russia crackdown on social media, Amazon buys MGM, and is 5G worth the hype?

Pivot

Vox Media Podcast Network

Technology, News Commentary, News, Tech News

4.29.2K Ratings

🗓️ 28 May 2021

⏱️ 48 minutes

🧾️ Download transcript

Summary

Kara and Scott talk about Russia increasing penalties and crackdowns on Google, Twitter, and Facebook. They also discuss Amazon's $8.45billion purchase of MGM Studios. In listener mail they answer a question about whether 5G is actually worth the hype. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hi, everyone. This is Pivot from the Vox Media Podcast Network. I'm Cara Swisher.

0:07.0

Do you expect me to talk, Mr. Bond? No, I expect superior absorption, not that single-ply bullshit bounty.

0:14.0

That's the big story. It is. We'll be talking about that story. That's Jeff Bezos is buying MGM and that includes James Bond.

0:21.0

You can't talk about it now. The actual answer is I expect you to die, Mr. Gabboy. I expect you to die.

0:26.0

I expect you to die. And then it proceeds to tell you his whole plan to how to kill him and then James Bond gets out of it.

0:32.0

That's how it goes on the James Bond. In any case, I love James Bond and this is a really interesting moment.

0:37.0

Before that, there's a lot going on. There's a lot going on. Speaking of Amazon, the DC Attorney General is bringing in other anti-trust lawsuit against Amazon.

0:46.0

The company says Amazon is abusing its power by requiring third-party sellers to offer their products at the same price they sell them elsewhere.

0:53.0

That's an issue. You're in DC. What do you think?

0:57.0

I use Amazon a lot. I think it shows how much power Amazon has. Amazon, of course, makes the argument that people can buy their stuff elsewhere if they don't like it.

1:09.0

I mean, that's their argument as a lot of people's arguments. Same thing with Apple. That was essentially saying, if they don't like Apple, they can go over to Android or they can't.

1:18.0

I think it's a tough one. This is a little bit of probably PR on the DC Attorney General's part.

1:24.0

At the same time, it's going to be a pile-up of lawsuits in this area. I think they're going to be subject to lots and lots and lots of these all over the place because ambitious Attorney General's, it's a good look to be against Amazon.

1:35.0

With the power they have with the Washington Post here, over commerce, lots of people use Amazon here. I'd be curious to know what the usage figures in Washington are, but they're probably pretty high compared to the general public.

1:50.0

I don't know what they are. I'm sure lots of stuff will come out. It's a good look for the Attorney General.

1:55.0

We'll see how far it goes because they can make the argument. There's a store over there going by it there. There's a giant. There's a list.

2:03.0

Your comments are telling. That is, current antitrust law is based off of this kind of board of Chicago notion that as long as the consumer wins and they always bring up consumer choice.

2:15.0

Brandeisian antitrust, which I think we need to go back to, talks about market power. If you want to talk about power, regardless of whether or not you have a choice, if one company has such dominance and such access to so much cheap capital that no consumer is really going to choose anything else, they are by catarizing the business formation, putting good employers out of business, then that is reason for antitrust.

2:39.0

Just a couple of points here while everyone is talking about MGM because we're obsessed with James Bond, they missed bigger news this week about Amazon, which highlights just how powerful this company is and just why it needs to be broken up. Do you realize?

2:54.0

Amazon's ad business, which no one ever talks about their ad business.

2:58.0

We talked about it. We're aware it's big.

3:00.0

Other than us, other than double O8 and double O9 here.

...

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