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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

Rocket Explosion Deals Blow to Blue Origin’s Space Ambitions

Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the…

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Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the explosion and described it as “a very rough day” in a post on X. Bloomberg Intelligence analyst Matt Bloxham joined Caroline Hepker to discuss the implications.
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SpaceX Lowers IPO Valuation Target | Bloomberg Tech 5/29/2026

Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street…

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Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street estimates.

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00:01:38 – Benedikt Kammel, Bloomberg News
00:05:05 – Shirin Ghaffary, Bloomberg News
00:07:56 – Silas Brown, Bloomberg News
00:12:05 – David Kennedy, Dell Technologies
00:15:40 – Janet Mui, RBC Brewin Dolphin
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00:26:41 – Matthew Weir, Goldman Sachs
00:33:40 – George Ferguson, Bloomberg Intelligence
00:37:59 – Carolina Parada, Google Deepmind
00:40:40 – Loren Grush, Bloomberg News
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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 Valuation of $965 Billion Passes OpenAI

Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

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Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.”
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