Washington vs. Big Tech: Taking on the Trillion-Dollar Club

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 30 July 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jeff Bezos, Tim Cook, Mark Zuckerberg, and Sundar Pichai, leaders of the four tech titans, testified remotely on Capitol Hill for 6 hours this week. Becky Quick, Andrew Ross Sorkin, and Wilfred Frost recap the highlights of the hearings, from antitrust defenses to privacy concerns and technical glitches. Former White House Chief Technology Officer Aneesh Chopra breaks down the evidence presented by the House Judiciary Antitrust Subcommittee and how the hearings may change FTC, DOJ, and state-led investigations into Amazon, Apple, Facebook, and Alphabet. Plus, Senator Mark Warner (D-VA) raises his concerns about what might follow a big tech breakup.

Transcript

Click on a timestamp to play from that location

0:00.0	This is Kewalk Pod. I'm C.N.C. producer Katie Kramer. Today on our podcast, Big Tech's, Big Hearing
0:09.9	down the six hour remote capital hill hearing with Jeff
0:13.0	Bezos, Mark Zuckerberg, Tim Cook, and Sundarpichai,
0:16.3	tech glitches and all.
0:18.1	Mr. Bezos, I believe you're on mute.
0:20.2	Grilled by Congress, the four Titans of tech
0:22.4	defended their acquisitions
0:23.7	their privacy standards and their revenue streams.
0:26.5	Former White House Chief Technology Officer Anish Chopra explains what might have changed
0:31.3	for Big Tech's business and regulation.
0:34.0	The active investigations at the State Attorneys General, FTC, and the Department of Justice
0:39.7	may or may not have heard something new that could be added to the docket for them to investigate
0:44.9	on those court judgments.
0:47.1	And Senator Mark Warner on his long-term concerns for breaking up those companies.
0:51.0	I'm not in the break- up category yet because these are all global companies
0:56.5	and frankly to have them replaced by Alibaba or Badu or Badu or 10 cents.
1:02.9	Chinese companies may not be the better alternative.
1:05.8	It's Thursday, July 30th, 2020,
1:08.4	Squawk Pod begins right now.
1:11.4	Good morning, everybody. Welcome to Squawk Box here on
1:13.9	see mb c i'm be kwick along with and ros sorkin and wilford frost
1:18.5	joes out today but wolf welcome
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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