innovation is, but yet we don t talk about the reality there are half as many businesses being formed today as there were 40 years ago. there were half as many public stocks as there were 20 years ago. small chains can t chains can t get out of the crib. if you look at the rise of the big tech and the decline of the wages of the middle class, you would have a difficult time saying there s not a correlation. the amount of power these companies can achieve, low cost of capital, the scale, their ability to put small companies out of business and as i said, put big companies out of business prematurely is having a real impact on our economy. it s small business two-thirds and it s never been easier to be a billionaire, but tougher to be a millionaire. facebook has technology that goes out and assesses if an app is getting traction and then it
or this merger needs to be restrained and the companies with five or ten times the distribution of content don t need to be broken up seems irrational. final quick thought. the most powerful person in the world according to you it s not putin, it s not trump. who is it? and why? oh, hands down it s mark zuckerberg who has assembled a community more vast than christianity and 2.2 billion people and has license to take that mood up or down. he s not elected. cannot be removed from office and last year tried to get a shareholders to agree to a three class shareholder system where he can end up owning none of the company and control it. facebook has been weaponized by foreign actors. if cnn had been weaponized by russia, the advertisers would have run from it. the markets are failing,
adopts the features into one of its app and it goes and buys it. the markets are failing. professor, i pulled a graphic from your work in esquire. relative to facebook and google which says, the facebook and google are together worth $1.3 trillion. you can merge the world s top five advertising agencies with five major media companies and still need to add five major communications companies to get only 90% of what google and facebook are worth together. you have similar data relative to amazon. but you know there s a response to a lot of this. i ll go with amazon. amazon loves to say, well, 4%, that s all we have. that s our only share of u.s. retail. so 4% is a number and you re right, it s the one they use, but here are the other numbers. they re 40 % of all online sales. they have 70% share of voice. and get this, they have prime or
recall in the debate with marco rubio. he s opened the door for this discuss but nonetheless, cbs has to vet this story carefully to be careful and as you point out the lawyer he now has is the lawyer who made that privacy suit against gawker. so they have to be careful about invading privacy and making sure that what she says about sex has some sort of newsworthy angle. perhaps this will finally be the case where we test that size of hand hypothesis. george freeman thank you for being here. i appreciate it. thank you very much. a pleasure. still to come, your best and worst tweets and facebook comments. what do we have? smerconish, he had an affair with a porn star, what s new? loads of businessmen have affairs with porn stars and they re people too. not going to hurt him politically, but will the red ties get totsed out of the white house?
i m out of a job. but amazon is just one of the booming big tech companies along with apple, facebook and google. you ll meet the man who advocates breaking them up like ma bell with the railroads. and president trump s lawyers taking new steps to keep adult film actress stormy daniels silent saying she owes $20 million for violating the nda. can they prevent 60 minutes from airing her interview? but first, jeff sessions fired andrew mccabe late friday, less than two days shy of his retirement. this stems from the internal review conducted by michael horowitz which hasn t been made public. the report is said to have found that mccabe misled investigators about his role in directing other fbi officials to speak to media. about the investigation into the clinton e-mails and the clinton foundation. attorney general jeff sessions