[background sounds] his meeting will come to order that went out objection. Title in the frank. Congressional standards into the 21st in sentry. I now recognize was on for five minutes. Of interest is americas most maligned superhero congressman able to fly across the country in six hours on alaska airlines. [laughter] were thinking about titling his hearing frankenstein. How the house is ghoulish mailing standards have hunted members for decades but i suppose we should go with the official title for the record, like most of the issues that whose committee mandated and congressional mailing standards. Its very inside baseball. Most people frank is the name. Is a hotdog but the reality is for members of congress that congressional frank is actually fundamental with how we communicate with ours constituents. Every time we respond to constituent requesters and newsletters are upcoming townhouse, we use the frank. And a surprise with the rise of social media, congress is seeing overall use
Zuckerberg describes libra as complex and risky. More on his testimony effort of a House Committee wednesday on capitol hill. Plus, tesla reports Third Quarter earnings and shares spiking on a surprise profit. We have the latest. And cloud carries clout. Microsoft First Quarter revenue beats the highest analyst estimates. Demands come in strong but may be waning. We will explore. First, to our top story. Facebook Ceo Mark Zuckerberg fielded questions from the House Financial Services committee on merits of its plan to establish its own digital money called libra. While he struggled to convince them of facebooks plan, he did share one major view with lawmakers. Mark this project is too big for any one company to do on its own, which is why we set up this independent Libra Association with other companies and nonprofits. It is a very complex project. As you say, it is risky. Taylor for more, we head to washington, where our own kurt wagoner was standing by. Whats your first takeaway . Ku
Hearing on Online Platforms and market power focussing on the free and Diverse Press. I recognize myself for an opening statement. In recent years, there has been a cascade of competition problems on the internet. Concentration has pushed local journalism to the verge of extincti extinction. The combination of predatory acquisitions and high Network Effects and switching costs undermine entrepreneurship and startup rates. The sheer dominance has resulted in less products leaving people without a competitive alternative of services. In response to these trends, the committee announced we would conduct a bipartisan investigation into competition in the Online Market place. The purpose stoof document anticompetitive conduct online and sense whether our competition system and current enforcement levels are adequate to address the problems. We will conduct a top to bottom review to a series of hearings, request information relevant to the information and engage in a series of discussions. T
The chair is authorized to declare recesses of the committee at any time. We welcome everyone to our first hearing on Online Platforms and market power, focusing on the free and Diverse Press. I now recognize myself for an Opening Statement. In recent years, there has been a cascade of competition problems on the internet. Concentration in the Digital Marketing has pushed for journalism to the verge of extension. The acquisitions, growing innovation kills him, and high Network Effects and switching costs, appear to undermine entrepreneurship and startup rates. The sheer dominance of some platforms has resulted in the worst products, significantly less choice, leaving people without a competitive alternative to services that harvest the data, manipulative behavior to monetize her attention. Response to these trends, the committee will commit conduct a bipartisan the purpose of this investigation is to document anticompetitive combat conduct online. Examine and and assess whether the com
The chair is authorized to declare recesses of the committee at any time. We welcome everyone to our first hearing on Online Platforms and market power, focusing on the free and Diverse Press. I now recognize myself for an Opening Statement. In recent years, there has been a cascade of competition problems on the internet. Concentration in the Digital Marketing has pushed for journalism to the verge of extension. The acquisitions, growing innovation kills him, and high Network Effects and switching costs, appear to undermine entrepreneurship and startup rates. The sheer dominance of some platforms has resulted in the worst products, significantly less choice, leaving people without a competitive alternative to services that harvest the data, manipulative behavior to monetize her attention. Response to these trends, the committee will commit conduct a bipartisan the purpose of this investigation is to document anticompetitive combat conduct online. Examine and and assess whether the com