What does “monopoly” mean in the internet age?

Recode Daily

Recode

Society & Culture, Science, Technology

4.6 • 1.3K Ratings

🗓️ 2 July 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A Washington, DC, judge dismissed a lawsuit that accused Facebook of behaving like a monopoly, claiming the suit did not have enough detail. It’s a big win for the social media giant, but it’s also become a rallying cry for lawmakers who say it’s time to update the country’s outdated antitrust laws. Recode’s Shirin Ghaffary (@shiringhaffary) explains. References: Read Shirin’s story here. Enjoyed this episode? Rate Recode Daily ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts. What do you want to learn about on Recode Daily? Send your requests and questions to recodedaily@recode.net. We read every email! Subscribe for free. Be the first to hear the next episode of Recode Daily by subscribing in your favorite podcast app. Learn more about your ad choices. Visit megaphone.fm/adchoices This episode was made by: Host: Adam Clark Estes (@adamclarkestes) - Producer: Alan Rodriguez Espinoza (@ardzes) - Engineer: Cristian Ayala Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Support for this episode comes from Viator.
0:03.5	Experiences are what people love the most about travel.
0:07.0	That's why Viator is over 300,000 bookable experiences.
0:11.0	So there's always something for everyone.
0:13.0	They offer everything from simple tours to extreme adventures.
0:16.5	Plus, Viator's travel experiences have millions of real traveler reviews.
0:21.5	So you have the information you need to book the best activities for your trip.
0:25.5	Download the Viator app now and use code Viator10 for 10% off your first booking in the app.
0:30.5	One app, over 300,000 travel experiences you'll remember.
0:34.5	Do more with Viator.
0:44.5	Lawmakers have had it out for Facebook for a while.
0:47.5	Last year, a House Judiciary Subcommittee report accused the tech giant of anti-competitive behavior.
0:53.5	And in December, Facebook got sued.
0:56.5	But on Monday, those lawsuits were dismissed.
0:58.5	It's a big win for the social media company.
1:00.5	It also signals a rocky path forward for legislators.
1:03.5	On both sides of the aisle, we're trying to rein in big tech.
1:06.5	Here to break down the latest development is Recodes Serine Gaffari.
1:10.5	Hi, Serine.
1:11.5	Hey, Adam.
1:12.5	So let's start with the lawsuits. What were they about?
1:15.5	Yeah, so the lawsuits basically accused Facebook of acting as a monopoly to crush its competition.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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