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Facebook’s Acquisition of Instagram Was Illegal: Rep. Cicilline

Aug.26 — U.S. Representative David Cicilline, a Rhode Island Democrat, discusses his year-long investigation into anti-competitive behavior among big tech companies with Emily Chang on “Bloomberg Technology.”

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Aug.26 — U.S. Representative David Cicilline, a Rhode Island Democrat, discusses his year-long investigation into anti-competitive behavior among big tech companies with Emily Chang on “Bloomberg Technology.”

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10 Comments

10 Comments

  1. Bling The Visual Creator

    August 26, 2020 at 9:43 pm

    First one to comment, yeeeeeeay ????????

    • derty MI QWERTY

      August 26, 2020 at 10:26 pm

      you a sad person ????

  2. ECDCTECH

    August 26, 2020 at 10:02 pm

    Why are people disliking this? He is saying the truth.

    • derty MI QWERTY

      August 26, 2020 at 10:27 pm

      Fecesbook lovers in the stock.. the same naive people invested like fangirl into crApple overhyped tech corps

    • Oliver Berner

      August 26, 2020 at 11:05 pm

      [Feel free to ignore and/or delete the following poorly written, badly formulated unfinished comment.]

      – “Well it seems like Zuckerberg didn’t do anything more illegal in acquiring Instagram than the president, Microsoft or Oracle etc will perhaps potentially be doing against Tik Tok on september 15th. “I” don’t really care personally though “I” don’t use tik tok nor do “I” see value in the app.. In relation to what is missing on market, which most likely will never materialize.” Due to the other “so called competitors”. Who make billions out of ads and users who for example may or may not be creating short-videos of themselves or others “eating hot dogs with chilli sauce” & reacting to it “making a channel, brand”, companies out of it and naming “themselves” influencers, creators… And (mis-(?) using words as “innovation…”

    • ECDCTECH

      August 26, 2020 at 11:18 pm

      derty MI QWERTY I guess so. I own all the major tech stock FAANG but of course he is right.

  3. Justin

    August 26, 2020 at 10:15 pm

    Democrats hate capitalism. We need less government intervention.

    • Oliver Berner

      August 26, 2020 at 10:53 pm

      [Feel free to ignore and/or delete the following poorly written, badly formulated unfinished comment. – “Live long (longer than “life” allows) and prosper (more than “it will” let you)”]

      “Capitalism is sort of by “the regulatory” and unregulated nature as well, due to “human intervention” and “partisan agenda” on behalf of “an entity” often with ulterior motives, “corrupt”. – Look at the competitive way y’all are intending to shut down Tik tok. Sell or “die…” But you ain’t doing “business here” by september 15th.

      IF product A is better than product B, doesn’t really matter – As demonstrated they can shutdown companies and force the parent companies to sell them to domestic actors, like Microsoft. – Imagine if apple was a Chinese company and the president signed an order which forced “Bytedance” to sell for example apple to “Microsoft”. What if Google was forced to sell Youtube in China to Alibaba.. Or Facebook be forced to sell Instagram to Tencent By order and decree from president Xi Jinping. that isn’t very competitive now is it. . What if every nation did that while “stealing proprietary technology and userbase of the original company. – See Capitalism is sort of like a Van Gogh painting completely worthless, until the point when someone re-evaluates the product – to “make a killing” even if the original creator didn’t get a cent. Then maybe when the painter is all dead and gone its time for “an IPO”. While Ms. “Betty McNabb” painted equally as good but has a lower valuation and is kept unknown until her untimely demise. Two contending products which by default, dead mr. Van Gogh in the end will always “win” due to price jacking. (…) And market speculators estimating and attributing value to his canvas which no other living being will match, as long as they have a say in the matter. – Marketing team puts B in the front and no one hears of A because algoritms filter out A and traditional media doesn’t feature A, as well as “the industry”.

      “What does competition mean? In a two party system, c’mon! – Anti-competitive behaviour, well did they observe governments? Haven’t they been in a court room. Have they.. Anyone seen cops being open to being questioned, criticised or overruled by independent entities. Competition or is it bullying, monopoly and competition policy…” (…) – “How often do they answer truthfully…”

    • ECDCTECH

      August 26, 2020 at 11:19 pm

      Lmao this ain’t a problem with Capitalism.

  4. Normalized Audio

    August 26, 2020 at 10:58 pm

    Bezos forgot his diapers.

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Bloomberg Technology

Jackson Hole, Anthropic’s Court Win and PayPal Deal Collapse | Bloomberg Tech 8/28/2026

Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic’s AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal,…

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Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic’s AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal, a deal that would have ranked as one of the biggest-ever leveraged buyouts.

00:00:00 – Bloomberg Tech Begins
00:02:30 – Mike McKee, Bloomberg News
00:05:25 – Max Gokhman, Franklin Templeton
00:11:13 – Ryan Gould, Bloomberg News
00:14:04 – Han Fengtao, Spirit AI
00:19:31 – Rachel Metz, Bloomberg News
00:24:41 – Mike McKee & Lisa Abramowicz, Bloomberg News
00:28:25 – Ryan Vlastelica, Bloomberg News
00:34:04 – Michael Shepard, Bloomberg News
00:37:18 – Andrew Bailey, Bank of England Governor
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Anthropic Scores Legal Win Against Trump Administration

A US judge ordered the Trump administration to lift its ban on Anthropic’s AI technology for federal agencies, finding the restriction wasn’t adequately justified and was partly intended to make a public example of the company. Bloomberg’s Rachel Metz explains why the ruling doesn’t immediately end Anthropic’s legal fight. She also breaks down a separate…

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A US judge ordered the Trump administration to lift its ban on Anthropic’s AI technology for federal agencies, finding the restriction wasn’t adequately justified and was partly intended to make a public example of the company. Bloomberg’s Rachel Metz explains why the ruling doesn’t immediately end Anthropic’s legal fight. She also breaks down a separate warning from Anthropic, OpenAI, and other companies about the growing threat of AI-enabled cyberattacks with Tim Stenovec on “Bloomberg Tech.”
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AI Could Push Inflation Either Way, Says BOE’s Bailey

Bank of England Governor Andrew Bailey says AI could prove either inflationary or disinflationary depending on whether its impact on demand arrives before productivity gains on the supply side. Speaking at Jackson Hole, Bailey also discusses the UK inflation outlook, why he agrees with Federal Reserve Chairman Kevin Warsh on the limitations of forward guidance,…

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Bank of England Governor Andrew Bailey says AI could prove either inflationary or disinflationary depending on whether its impact on demand arrives before productivity gains on the supply side. Speaking at Jackson Hole, Bailey also discusses the UK inflation outlook, why he agrees with Federal Reserve Chairman Kevin Warsh on the limitations of forward guidance, and why the BOE will make its own rate decisions regardless of the Fed’s path. He joins Bloomberg’s Lisa Abramowicz on “Bloomberg Tech.”
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