Pieces, competition antitrust law and Consumer Protection which covers a wide swath of territory but includes everything from gardenvariety scams to fight the enforcement in both of those areas squarely in the middle of a lot of really interesting changes that our society is going through and technology which all of us are dealing and not many of us are using. Host technology and telecommute occasions have become a bigger part of your portfolio over the last couple of years, havent they . To some extent yes. I say to some extent because telecommute occasions are much more the purview of the Commerce Department then the ftc but for example with respect to privacy we do work there with respect to advertising claims we do work there and certainly technology is a big part of what we do. Host antitrust when it comes to technology, correct . Guest yes, very much so. Host there was a recent article in the wall street journal talking about the potential lawsuit against facebook. Could you tell
Of government. Created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Us this week on the communicators as federal trade Commission Commissioner Noah Phillips, one of three republicans sitting on that commission. This has been a couple of years you have been on the commission. What kind of work do you do . Commissioner phillips we do a lot of really exciting work. Twomission is divided into pieces. Competition, antitrust law, and consumer protection, which covers a wide swath of territory. Both of those areas put us squarely in the middle of a lot of interesting changes our society is going through and technologies, which all of us are dealing with and many of us are using. And teliknology medications have become a bigger part of your portfolio, havent they . Commissioner phillips to some extent, yes because to some extent telecommunications are much more the purview of the fcc, but with respect to privacy, we do work wi
Law, and Consumer Protection which covers a wide swathe of territory but includes everything from gardenvariety scams to [inaudible] both of those areas are squarely in the middle a lot of really interesting changes that our society is going through and technologies which all of us are dealing and not many of us are using. Host technology and telecommunications had become a bigger part of your portfolio over the last couple of years, havent they . Guest to some extent yes your essay to some extent because telecommunications are much more purview of the Commerce Department in the fcc. But, for example, with respect to privacy, we do work there with respect to advertising claims. We do work there and certain technology is a a big part of t we do. Host and antitrust when it comes to technology, correct . Guest yes, very much so. Host it was a recent article in the wall street journal talking about a potential lawsuit against facebook. Can you tell us about that . Guest all i can tell you
Chips made by their own engineers. Apple integrating hardware and software together is what makes our bankrupt so great. Having a world dallas silicon design team is a game changer. For apple, analysts say the transition should be a significant benefitbecause it gives the company that much more control over its hardware and it should translate to improved performance and performance. There is a broader insurgency because there are rivalries. Josh, that is a great set up today to bring in our next guest. Talking about apple, google ad revenue, good morning, dick, good to sue yee you how are you . Good, how are you good. Apple, it is amazing we didnt get any grand announcements, but the platform gets more vertical and stickier and i guess that is leading to the alltime highs. What do you think . Yeah, the hardware news was surprising to me i think it is worse news for intel than it is good news for apple. It was just surprising when people are trying to focus more on their Core Competenc
Problems that havent yet been solved. So thats what i call the perfect problem because that, in fact, is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve a problem that is solvable but hasnt been done. You had to do something you and you dont get to copy. And so we were then taken around for ideas and you do not have an idea and i didnt have an idea so we started looking for problems that we can solve and came up with the problem of how they got paid. When did you come to that conclusion, you talk in the book about your work, tummy about that moment that payments were a problem for small merchants. It was funny because as i said jack had been kicked out of twitter and my first reaction to that was jack was like a little brother to me, somebody felt like i needed to stand up for and what they did to him at twitter the first time was completely bile. So my first suggestion was lets go to San Francisco and get even with those guys. It was l