Wed. 01/25 – Is This Latest Suit The Biggest Threat To Google

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 25 January 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

I’m gonna tell you why I think the latest antitrust suit against Google might be the most important one in terms of the overall tech ecosystem. And maybe the biggest threat Google is facing. Twitter reverses another thing they shouldn’t have broken in the first place. Why aren’t folks paying ransomware ransom as much anymore? And why are consumers not keeping their smart clothes dryers connected? Sponsors: Upside App and use promocode ridehome How To Fix The Internet podcast eff.org/podcast Links: US Sues Google to Break Up Ad Unit in Heated Antitrust Fight (Bloomberg) DOJ's new suit puts Google's ad business at risk (Axios) Google's most serious antitrust challenge to date (Platformer) Microsoft Cloud Strength Drives Second Quarter Results (Microsoft Investor Relations) Twitter for web will now stay on your preferred timeline (The Verge) Riot Games receives ‘ransom email’ for stolen source code following social engineering attack (The Record) Ransomware Revenue Down As More Victims Refuse to Pay (Chainalysis) LG, Whirlpool Target Customers Disconnected From ‘Smart’ Appliances (WSJ) After inking its OpenAI deal, Shutterstock rolls out a generative AI toolkit to create images based on text prompts (TechCrunch) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Main Ride Home for Wednesday, January 25th, 2023.
0:08.0	I'm Brian McCullough.
0:09.0	Today, I'm going to tell you why I think the latest antitrust suit against Google might be the most important one in terms of the overall tech ecosystem.
0:16.0	Also, maybe the biggest threat Google is facing right now.
0:19.0	Twitter reverses another thing they shouldn't have broken in the first place.
0:23.2	Why aren't folks paying ransom wear ransom as much anymore?
0:26.6	And why are consumers not keeping their smart clothes dryers connected?
0:30.7	Here's what you miss today in the world of tech.
0:35.0	The Department of Justice has indeed sued Google, calling for the breakup of its ad tech business that allegedly monopolizes the US ad market.
0:45.0	They were joined by California and seven other US states with this suit, quoting Bloomberg.
0:51.2	Google's pervasive power over the entire ad tech industry has been questioned by its
0:55.3	own digital advertising executives, according to the complaint.
0:59.0	The analogy would be if Goldman or Citibank owned the NYSE, end quote.
1:04.0	Issues raised in the suit include the 2007 acquisition of online advertising giant
1:08.6	Doubleclick for $3.1 billion, which the Justice Department is now seeking to unwind, the 2010 deal to buy
1:15.2	Invite Media for $81 million and the 2011 purchase of Admeld for $400 million.
1:21.5	The Justice Department's complaint also seeks damages from Google for allegedly
1:24.7	overcharging federal government agencies such as the US Army that purchased online ads.
1:30.3	The agency said the US government has spent more than $100 million on online display advertising since 2019,
1:36.0	but the complaint didn't indicate how much the Justice Department is seeking to recoup, end quote.
1:41.0	Now, again, this is basically just me telling you the news that I
1:44.9	prepped you for yesterday but I wanted to spend some extra time on this not only
	...

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