of criticism for a long time. it hasn t performed very well, unlike facebook or meta - or google and youtube. it has really been an also ran when it comes to advertisingl on social media. and so there s been a lot of activist investors - who wanted to get rid of dorsey. - and dorsey also has a second job. - he s the chief executive - of square, which is a payments processing company, which is worth a lot more money than twitter, and he has a bigger stake in that. than he does - in twitter as well. so i think- it was all lining up. it s been a long time that - shareholders have been wanting to push him out. but it sounds like the new boss is arriving into a very different atmosphere. you know, here in britain, this online harms bill going through, but you know there s other things going on around the world. you know, how much appetite do you think there is now to rein in the tech giants? well, i think there s an enormously growing pressure to reign in the tech companies. i was at a
growing pressure to reign- in the tech companies. i was at a future techl forum event this week that the british government held and i think the mood among - regulators has changed enormously. and i think on your show early this year you had someone from the competitionl and markets authority who was making this point, that - i think there has been a presumption of an action, the market| should be allowed to run its course and monopolies would be self correcting. i but i think that mood has changed, and there is now a far more - interventionist mood. and we ve actuallyjust seen that, have we not, this week with the competition and markets authority have done with meta, facebook s parent company, you know, telling them they ve got to sell giphy. but can you unpack that for us? how does a british competition and markets authority tell an american company its got to sell? yeah, indeed, it s quite - an extraordinary story in a way because giphy is a new york based lossmaking platform t
you know, here in britain, this online harms bill going through, but you know there s other things going on around the world. you know, how much appetite do you think there is now to rein in the tech giants? well, i think there s an enormously growing pressure to reign in the tech companies. i was at a future techl forum event this week that the british government held and i think the mood . among regulators has changed enormously. | and i think on your show early this year you had l someone from the competition and markets authority- who was making this point, - that i think there is a presumption of an action, the market| should be allowed to run its course and monopolies would be self correcting. i but i think that mood has- changed, and there is now a far more interventionist mood. and we ve actuallyjust seen that, have we not, this week with the competition and markets authority have done with meta, facebook s parent company, you know, telling them they ve got to sell giphy.