Connect with us

Bloomberg Technology

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.”

Published

on

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.”

Continue Reading
Advertisement
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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Bloomberg Technology

Intel Rebuffs Arm, China Tech Stocks Soar | Bloomberg Technology

Bloomberg’s Caroline Hyde and Ed Ludlow break down Arm’s interest in Intel’s product division, only to have Intel turn down Arm’s advances, and China stocks in the US are set for their best week since 2022. Plus, “money is green” when it comes to database and nuclear build out according to US Energy Secretary Granholm,…

Published

on

Bloomberg’s Caroline Hyde and Ed Ludlow break down Arm’s interest in Intel’s product division, only to have Intel turn down Arm’s advances, and China stocks in the US are set for their best week since 2022. Plus, “money is green” when it comes to database and nuclear build out according to US Energy Secretary Granholm, who supports the US AI efforts to expand, even with foreign investment.

Chapters:
00:00:55 – Arm Rebuffed by Intel on Buying Unit
00:27:00 – Fivetran CEO George Fraser
00:35:47 – DirecTV, Dish Said Close to Merger Deal
00:39:46 – Lackluster Reception to iPhone 16
——–
“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.

Like this video? Subscribe and turn on the notifications for Bloomberg Technology on YouTube:

Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

Get the latest in tech from Silicon Valley and around the world here:

Follow Ed Ludlow on Twitter here:
Follow Caroline Hyde on Twitter here:

Connect with us on…
Twitter:
Facebook:
Instagram:

Continue Reading

Bloomberg Technology

Apple’s iPhone 16 Receives a Lackluster Reception

Apple shares continue to outperform and avoid volatility despite growing concern around iPhone sales growth. Bloomberg Intelligence senior analyst Anurag Rana discusses a recent Bloomberg Intelligence survey showing that the iPhone 16 did not excite consumers enough to warrant a smartphone super cycle. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.” ——– Like…

Published

on

Apple shares continue to outperform and avoid volatility despite growing concern around iPhone sales growth. Bloomberg Intelligence senior analyst Anurag Rana discusses a recent Bloomberg Intelligence survey showing that the iPhone 16 did not excite consumers enough to warrant a smartphone super cycle. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Bloomberg Technology

China Stocks Set for Best Week Since 2022

Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a shift in investor sentiment after Beijing ramped up its economic stimulus. That shift was felt in Chinese stocks in the US as well, where they’re set for their best week since 2022. Fiona…

Published

on

Chinese equities capped their biggest weekly rally since 2008 with a burst of trading that overwhelmed the Shanghai stock exchange, underscoring a shift in investor sentiment after Beijing ramped up its economic stimulus. That shift was felt in Chinese stocks in the US as well, where they’re set for their best week since 2022. Fiona Cincotta, City Index Senior Analyst joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Trending