TNB Tech Minute: Justice Department Sues Apple

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 21 March 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Plus: Senator Elizabeth Warren calls on the SEC to investigate Tesla. And Reddit shares soar in long-awaited IPO. Alex Ossola hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:07.0	Do more and spend less like Uber 8 by 8 and DataBrix Mosaic.
0:12.0	Take a free test drive of OC at oracle.com
0:15.5	slash Wall Street.
0:18.7	Here's your TMB Tech Minute for Thursday, March 21st.
0:22.6	I'm Alex Oscela for the Wall Street Journal.
0:25.4	The Justice Department and more than a dozen states
0:27.8	are suing Apple.
0:29.0	The antitrust suit says that Apple tries to keep users
0:31.8	from switching to devices on outside operating systems, such as
0:34.8	Android smartphones. Attorney General Merrick Garland said that Apple controls over 65% of the
0:40.6	US smartphone market. In a statement, an Apple spokesman said that the company plans to vigorously defend against the lawsuit
0:47.0	and that if the suit were successful, it would hinder the company's ability to create products that set them apart.
0:52.0	We exclusively report that Senator... ability to create products that set them apart.
0:53.2	We exclusively report that Senator Elizabeth Warren has renewed calls on the Securities and
0:57.4	Exchange Commission to investigate whether Tesla ran afoul of regulations governing board
1:01.8	independence at public companies.
1:04.0	In a letter sent this week, Warren also expressed concern about the potential conflicts of interest
1:08.4	between Tesla and the private companies Elon Musk runs, including X. An SEC spokesperson said that the agency's chair
1:15.0	would respond to members of Congress directly and that the SEC doesn't comment on
1:18.8	the existence or non-existence of a possible investigation. Tesla and Musk didn't respond to requests for comment.
1:25.6	And Reddit shares searched 48% from the offer price in their stock market debut.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.