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Transcripts For BLOOMBERG Bloomberg Technology 20240714

Just how high can the great firewall in china really go . But first, to our top story, the u. S. Government is increasing its scrutiny of big Tech Companies. On top of the department of justice and federal trade commission dividing oversight for possible probes into google, facebook, apple, and amazon, the house judiciary says it will spearhead its own investigation into possible antitrust practices. House lawmakers plan to hold hearings on the matter, a move endorsed by House Majority leader nancy pelosi, who had this warning. Unwarranted, concentrated power in the hands of a few is dangerous to democracy, especially when digital platforms control content. The era of selfregulation is over. Joining me to discuss is our bloomberg tech correspondent. What is the latest Development Today in all of these potential or actual investigations . The only sort of publicly confirmed new investigation is the one you mentioned coming out of congress. The doj and ftc have not even confirmed reporti

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240714

Locking down its deliveries the keyes are drones to amazon locking down its deliveries . Shares tumbled at the start of the week after news broke these companies could be the target of antitrust probes. Are les case, they the department of justice is mulling an antitrust probe and has restriction over a potential apple pro. Meanwhile probe. Meanwhile, the ftc is looking at whether apple practices harm competition. Google makes up over half of digital ad revenue and their closest competitor amazon has 9 of the market. The digitaldominate ad market but does own up to half of ecommerce. We also learned a potential amazon probe fall under the ftc. The director of the enforcement policy and bloombergs Senior Editor for global tech join us for reaction. What we have is a political reality, not get a legal one. The tech environment is big, complex, and intimidating. So our two antitrust agencies have met to divvy up the playing. Ield, so to speak emily does this mean that they will or that an

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240714

We take a look at the ecommerce giants plan. Of top story, shares alphabet, facebook, apple, and amazon tumbled at the start of the week after news broke these companies could be the target of antitrust probes. In googles case, they are the department of justice is mulling an antitrust probe and has restriction over a potential apple probe. They now reportedly have jurisdiction over a potential apple probe. Meanwhile, the ftc is looking at whether apple practices harm competition in the digital market. Google and facebook make up over half of digital ad revenue and their closest competitor amazon has 9 of the market. Amazon does not dominate the digital ad market, but does own up to half of the ecommerce market. We also learned a potential amazon probe fall under the ftc. The director of the enforcement policy and bloombergs Senior Editor for global tech join us for reaction. Brad what we have is a political reality, not get a legal one. The tech environment is big, complex, and intimi

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