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What Next | Daily News and Analysis

TBD | How the Crisis Could Embolden Big Tech

What Next | Daily News and Analysis

Slate Podcasts

Daily News, News, News Commentary

4.32.4K Ratings

🗓️ 1 May 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

This week, the world’s largest tech companies posted their quarterly earnings. And—unlike most other companies in the world—things aren’t looking so bad. With the global economy reeling, and people sheltering indoors, the tech giants have an opportunity to reshape the way we live. Don’t expect them to wait on the sidelines. Guest: Elizabeth Dwoskin, Silicon Valley correspondent at the Washington Post Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

When you're a reporter, especially one on a specific beat, you get to know your beat

0:09.7

inside and out.

0:11.2

You watch for trends, you get acquainted with the characters, and you really get a feel

0:15.4

for the narrative arcs in what you're covering.

0:18.5

That's what Elizabeth Duoskin does.

0:20.7

She's a reporter for The Washington Post, and she's been covering her beat Silicon Valley

0:24.6

for seven years.

0:26.3

And when she talks about it, you can hear her brain almost right chapters past, present,

0:32.0

and future.

0:33.0

It's just a lens to look at what is going on across the tech landscape.

0:37.9

When I moved to Silicon Valley, it was the moment of euphoria, and it was a tech bubble.

0:43.0

This was the rise of Uber with its at the time, $60 billion valuation.

0:47.7

And then, you know, that euphoria started to crash right around the 2016 election, and

0:51.8

I covered that narrative.

0:55.1

Elizabeth was reporting as tech's glossy narrative lost a little sheen.

1:00.9

Facebook had the Cambridge Analytica scandal, and several other ones over privacy.

1:05.7

This was a major breach of trust, and I'm really sorry that this happened.

1:09.9

Both Amazon and Google had protests and walkouts.

1:15.5

And those same companies that once provoked wonder were often seen as villains.

1:20.8

Then governments started pushing back.

1:23.1

The Department of Justice opened an antitrust review of the leading tech companies.

1:27.6

Strict data privacy laws were passed in Europe and in California.

...

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