EARNINGS REPORT. WELL IT ON IN
THE NEWS TODAY AND THE SLACK
HAS ALSO SLACKING OFF IN TERMS
LAGGARDS ON
THE DAY.
>> ALL RIGHT GUYS AND IN SOME
OF THE BIG STORIES THAT WE'RE
TRACKING YOUR TODAY THE STATES
ARE JOINING TOGETHER TO TAKE ON
FACEBOOK 47 ATTORNEYS
GENERAL ARE INVESTIGATING THE
TECH GIANT FOR ANTI-TRUST
VIOLATIONS THIS BUILDS ON THE
NEW YORK LED INVESTIGATION THAT
WAS ORIGINALLY ANNOUNCED
IN SEPTEMBER JOINING US NOW
WE'VE GOT OUT SANDRA LEVINE WHO
IS THE TECH REPORTER AT
POLITICO ALEXANDER SUCH A
PLEASURE TO HAVE YOU HERE WITH
US TODAY, LET'S BREAK THIS DOWN
THIS PROBE WAS 0 IN ON WHETHER
FACEBOOK BROKE ANY LAWS AS A
RESULT OF ANTICOMPETITIVE
CONDUCT WHAT DOES THAT
MEAN NOW NATIONWIDE WHAT IS
THIS NATIONWIDE PROBE SIGNAL
FOR FACEBOOK.
>> HAVING ME SO AS YOU SAID THE
NUMBER IS NOW UP TO 47
ATTORNEYS GENERAL FROM STATES
AND US TERRITORIES THAT'S FROM
NEARLY EVERY VIEW AS STATES AND
US TERRITORIES NOW ON THE NEW
AGEE'S THAT WE JUST HEARD ABOUT
TODAY AGEE'S FROM MASSACHUSETTS
PENNSYLVANIA, TEXAS AND
VIRGINIA AND IT REMAINS TO BE
SEEN WHAT THE OUTCOME OF THESE
PROBLEMS ARE BUT WHAT WE MIGHT
SEE AT THE END WE MIGHT SEE
HEAVY FINES AGAIN SOME OF THESE
TECH COMPANIES. YOU MIGHT ALSO
C ORDERS FOR THE COMPANY'S TO
FUNDAMENTALLY CHANGE THE WAY
THEY OPERATE TO DETER FUTURE
BAD BEHAVIOR AND WE MIGHT
ALSO SEE. YOU
KNOW THESE TECH COMPANIES TAKEN
TO COURT AND POTENTIALLY
BROKEN UP OR MY TO THE
UNWINDING OF PAST MERGERS SO
FOR FACEBOOK ACQUIRED INSTAGRAM
AND WHAT'S APP AND ADD GOOGLE
HAD PURCHASE YOUTUBE AND SO
WE COULD AT A MUCH LATER POINT
SEE THE UNWINDING OF THOSE FOR
TEMPERATURES AND THIS COMES
AFTER FACEBOOK.
>> REALLY SEEING REGULATION AND
PRESSURE REGULATORY PRESSURE
FROM ALL KINDS OF PLACES UP
AND DOWN AND OUR SYSTEM HERE
THE JUSTICE DEPARTMENT HAS BEEN
LOOKING INTO FACEBOOK WE KNOW
OF COURSE THE SETTLEMENT THIS
YEAR WITH THE SEC FOR
5 BILLION. THIS LATEST PROBE
HEAR WHAT YOU THINK IS IS AT
THE HEART OF THIS BECAUSE THE
COME THE IN A STATEMENT SAYING
THAT IT WOULD WORK WELL
CONSTRUCTIVELY WITH STATE
ATTORNEYS GENERAL AND THAT
PEOPLE HAVE
MULTIPLE CHOICES FOR EVERY ONE
OF THE SERVICES WE PROVIDE.
>> RIGHT SO ALL OF THESE BIG
COMPANIES WILL WILL MAINTAIN
THAT THEY ARE NOT IN FACT
MONOPOLY THEY ARE ALL
QUICK TO POINT OUT THE VARIOUS
OTHER PLAY AREAS IN THERE.
I AM IN EACH OF THE RESPECTIVE
SECTORS THAT THEY SAY CREATE
FIERCE COMPETITION FOR THEM AND
THEY THEY YOU KNOW THEY HOLD
THAT AT THAT
I MEAN THAT CONSUMERS ACTUALLY
DO HAVE BUT ANOTHER BIG PART OF
THIS YOU KNOW THIS FOCUS ON
FACEBOOK MARKET POWER AND
WHETHER IT'S BEEN ENGAGING IN
ANTICOMPETITIVE BEHAVIOR IS
THAT THE 2020 PRESIDENTIAL
CANDIDATES ARE TALKING ABOUT IT
A LOT ON THE CAMPAIGN TRAIL A
SPECIFICALLY TO FACEBOOK BUT
ALSO WHAT MORE MORE LARGELY
AMAZON HAS GOT SINGLED OUT.
WE'RE LARGELY THE SILICON
VALLEY,
TECH GIANTS AND MANY OF THE
2020 FIRST AND SENATOR
ELIZABETH WARREN HAVE BEEN
TALKING ABOUT THIS.
>> AND SO LET'S GO
THERE. I SUPPOSE THE 2020
ELECTIONS WERE STILL MORE THAN
A YEAR AWAY FROM THE
PRESIDENTIAL ELECTIONS. BUT
FACEBOOK SAYS IT'S ALREADY 40
INTERFERENCE ATTEMPTS FROM
RUSSIA IRAN MARK
ZUCKERBERG SAYS HE'S CONFIDENT
THAT FACEBOOK WILL NOT SEE A
REPEAT OF 2016 SHOULD HE BE
CONFIDENT.
>> SO SO CASE THAT THIS WEEK
UNVEILED SEVERAL
NEW MEASURE, THERE'S THAT ARE
AIMED AT SECURING BE THE 2020
ELECTION. SO THAT WE DON'T SEE
WHAT WE FIND
2016 SO HIGHLIGHTS OF THOSE
MEASURES ARE THAT FACEBOOK HAS
SAID IT WILL MORE CLEARLY
IDENTIFY AH AH IT WILL MARK
REALLY IDENTIFY. POSTS AND
CONTENT ON FACEBOOK THAT COME
FROM STATE-CONTROLLED OR
STATE-SPONSORED MEDIA OUTLETS
FACEBOOK HAS ALSO SAID THAT IT
WILL MORE
CLEARLY IDENTITY THE IT WILL
MORE CLEARLY INDICATE THE
IDENTITIES AND THE ORIGINS OF
PAGES AND CONTENT POSTED
ON FACEBOOK NAMELY THE COUNTRY
OF ORIGIN OF THOSE PEOPLE OR
THOSE ORGANIZATIONS POSTING THE
CONTENT. AND AND LASTLY
FACEBOOK HAS SAID THAT IT WILL
MORE CLEARLY ON IN
THE CASE OR MORE PROMINENTLY
ALERT USERS TO VIRAL CONTENT
THAT HAS BEEN FOUND TO BE FALSE
BY 3RD PARTY INDEPENDENT FACT
CHECKERS AND SO THAT IS
I MEAN INDICATOR THAT FACEBOOK
IS TRYING TO MOVE FORWARD TO
PROTECT THE 2020 ELECTION, BUT
ALL OF THIS NEWS THIS WEEK HAS
BEEN LARGELY OVERSHADOWED BY
CONTINUED CRITICISM OF A OF A
RECENT CASE, THE POLICY
REGARDING
ITS POLITICAL AND SO ON
FACEBOOK HAS COME UNDER FIRE
RECENTLY FOR ITS POLITICAL ADS
POLICY WHICH SAYS THAT FACEBOOK
WILL NOT TAKE DOWN. AS THEIR
CONTENT POSTED BY PAUL
PETITIONS EVEN IF THAT MATERIAL
HAS IS A LIE AND EVEN
THAT IS FALSE OR EVEN IF IT
OTHERWISE VIOLATES COMPANY
POLICY
AND SO MANY PEOPLE YOU KNOW WHO
ARE
LOOKING AT THAT THAT THAT 30
ANNOUNCEMENT AT 13 OUNCE AND
THIS WEEK ABOUT HOW FACEBOOK
WILL MORE
PROMINENTLY INDICATE WHAT
CONTENT IS OFF MANY PEOPLE
THINK THAT THE POLITICAL AS
POLICY GOES DIRECTLY COUNTER
TO THAT.
>> RIGHT AND I MEAN THIS IS
COMING NOW AGAIN LIKE I SAID
FROM ALL DIFFERENT DIRECTIONS.
WE HAVE SENATOR WARREN ALSO
ATTACKING FACEBOOK NOW WE BUT
AGAIN
ZUCKERBERG APPEARING ON THE
HILL
IF YOU LOOK AT EVERYTHING ALL
TOGETHER HERE THAT THAT
IS NOW NOW AGAIN COMING FROM
ALL SIDES AGAINST FACEBOOK AS I
MENTIONED FTC HOUSE JUDICIARY,
US FINANCIAL QUESTIONS AT
A BANKING. IT IS SPACE FOR A
WEEKEND STAY AS A COMPANY RIGHT
NOW DO YOU THINK OR DO YOU
THINK THAT IT'S STILL PRETTY
MUCH SHUTTING ALONG A DESPITE
ALL THESE CONCERNS.
>> I THINK IT REALLY DOES
DEPEND, HEY LOOK AT FACEBOOK
IS IS CERTAINLY AWARE THAT IT
IS FACING THIS BACKLASH AND IT
IS A WAY AND THAT IS THAT IT IS
FEELING MORE HEAT AND IT DID
YOU KNOW EVEN
6 MONTHS OR EVEN CLOSER TO THE
2016
ONE VERY GOOD SIGNAL OF THIS IS
JUST THE FACT THAT MARK
ZUCKERBERG THE CEO OF THE
COMPANY HAS BEEN SPENDING SO
MUCH MORE TIME IN WASHINGTON
THAT HE USUALLY DOES AND HE'S
MADE THIS RECENT FLURRY
OF APPEARANCES. ON THE HILL AND
AT GEORGETOWN UNIVERSITY LAST
WEEK WHERE HE SPOKE ABOUT
PRIEST BEACH AND IT IS IT IS
QUITE UNUSUAL FOR THE CEO OF
THIS COMPANY WHO HAS WHO IS IN
THE PAST
MORE ON OTHER EXECUTIVES FROM
THE COMPANY LIKE LIKE SHERYL
SANDBERG TO MAKE THESE PUBLIC
APPEARANCES ACTUALLY BE PUTTING
IN THE 8TH TIME AND AND AGAIN
BECOMING THE PUBLIC FACE OF THE
COMPANY AND I REALLY DO THINK
THAT IS
A REFLECTION. THE OF THE YOU
KNOW THE INCREASED SCRUTINY BY
ANTITRUST REGULATORS INCREASE
HEAT FROM THE 2020 CANDIDATES
AND OTHERS.
>> SHOULD FACEBOOK EXPECT OTHER
TECH EXACTS TO COME TO THEIR
DEFENSE OR ARE THEY OUT THIS
FIGHTING THERE. THIS BY
THEMSELVES.
>> REMAINS TO BE SEEN
WHAT YOU KNOW WHAT OTHER TECH
EXECUTIVES COME DIRECTLY TO
BASE THAT'S THE FENCE. BUT ONE
THING THAT IS NOTABLE IS THAT
YOU HAD EXECUTIVES FROM OTHER
COMPANIES. OTHER SILICON VALLEY
COMPANIES ARE REALLY NEIGHBORS
OF FACEBOOK AND
COMING OUT TO SAY THAT THEY
AGREE WITH ELIZABETH WARREN'S
FISH IN THAT PIECE THAT SHOULD
BE BROKEN UP AND AND AND THAT
THEY THINK THAT FACEBOOK NEEDS
TO BE DOING A BETTER JOB, THE
CONTENT MODERATION. ONE EXAMPLE
OF THIS IS THAT IS THE SALES
FOR SEO MAR ANY OFF AND HE'S
ONE OF THE SILICON VALLEY CEOS
TO 2 VERY PUBLIC VERY PUBLICLY
COME OUT TO DENOUNCE MARK
ZUCKERBERG AND TO SUPPORT
ELIZABETH WARREN AND WE EXPECT
THAT OTHERS AS WE GET CLOSER TO
THE 2020 ELECTION. AND AS THESE
AND I TRUST THE INVESTIGATION
AND DID AND FURTHER THAT THAT