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What A Day

Zuck The Police

What A Day

What A Day

News, Daily News

4.612.6K Ratings

🗓️ 10 December 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Facebook is facing two major antitrust lawsuits, one from the Federal Trade Commission and one from nearly every state in the country. The suits argue that Facebook has turned itself into a social media monopoly by purchasing or unfairly stifling its rivals. As a solution, the FTC is calling for the company to break off WhatsApp and Instagram.

An FDA panel is meeting today to vote on whether to approve Pfizer's coronavirus vaccine. Meanwhile, Canada has now approved it, and the UK is now recommending that people prone to severe allergic reactions hold off on getting it.

And in headlines: another Trump EPA win for polluters, DoorDash has a banger IPO, and there’s more stuff than life now on Earth.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Thursday, December 10th. I'm Achila Hughes.

0:09.2

And I'm Gideon Resneck and this is what the day where we eat, sleep, and breathe gift guides.

0:14.0

Yeah, I'm reading approximately 10 gift guides a night specifically tailored to types of people who I'm honestly not friends with.

0:19.8

57 gifts for the left-handed right-brained girlfriend who is also a freelance train conductor.

0:24.3

Show it to me. I need it.

0:26.7

Is that just your girlfriend?

0:28.6

Yes.

0:36.9

On Seisha, what to expect from the FDA's vaccine meeting today, then some headlines.

0:41.1

But first the latest.

0:42.9

We're nearly a decade Facebook has used its dominance and monopoly power to crush small arrivals and snuff out competition.

0:53.0

All at the expense of everyday users.

0:57.1

That was New York Attorney General, Attisha James, announcing her lawsuit against Facebook.

1:01.5

We've been talking about tech monopolies and any trust investigations into some of the largest companies all year.

1:06.8

And yesterday, Facebook became the latest target with a massive set of lawsuits against the social network.

1:12.1

Sorry, Jesse Eisenberg, but your legacy is no longer intact.

1:15.8

So these lawsuits were brought by basically every state in the country as well as the federal government.

1:20.3

What do we learn?

1:21.3

Yeah, so there are two suits that were filed.

1:23.6

One is from the Federal Trade Commission and the other is led by James and incorporates about 48 attorneys general across the country.

1:30.3

If you're doing something that's getting that many people to sue you, doesn't seem all that great.

1:35.1

Both suits are basically arguing that Facebook has turned itself into a social media monopoly by purchasing rivals,

1:40.7

which they say is a way to illegally eliminate competition.

...

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