>> WELCOME BACK TO BETWEEN
BELLS EVERYBODY HOUSE LAWMAKERS
FRIDAY INTRODUCE 5 NEW
ANTI-TRUST LEGISLATION IS
TAKING DIRECT AIM AT BIG
TECH COMPANIES LIKE AMAZON
APPLE GOOGLE AND FACEBOOK AND
BIGGER TALK ABOUT THIS AS IT
BROKE ON FRIDAY. THE PROPOSALS
WOULD MAKE IT EASIER FOR
REGULATORS TO POLICE BIG BACK
FOR MORE ON THIS WE'RE JOINED
BY MORGAN WRIGHT CHIEF SECURITY
ADVISER SENTINEL, ONE MORGAN
WELCOME TO THE SHOW.
THIS IS THE MOST AGGRESSIVE
CHALLENGE WE'VE SEEN FROM
CAPITOL HILL. SO HOW EXACTLY
COULD THESE BILLS RESHAPE HOW
THESE COMPANIES OPERATE MOVING
FORWARD.
>> YOU KNOW REAL QUICKLY AND
THANKS AGAIN FOR THE
INVITATION, THE BAD NEWS FOR
BIG TECH IS YOU'VE GOT
DEMOCRATS AND REPUBLICANS
COMING TOGETHER NOW ALBEIT FOR
DIFFERENT PURPOSES. BUT THE DAY
I HAVE ONE THING CLEARLY IN
THEIR SIGHTS AND THAT'S BIG
TECH SO THIS COULD RESHAPE
EVERYTHING FROM COMPETITION TO
AD
REVENUES TO HOW SEARCH IS DONE
TO THE ABILITY TO PROMOTE YOUR
OWN PRODUCTS ON YOUR OWN
PLATFORM TO THE EXCLUSION OF
EVERYBODY ELSE AND EVEN TAKE
AWAY PRODUCTS FROM OTHER
COMPANIES BECAUSE YOU'VE
REPLICATE THOSE SO I THINK IT'S
HUGE IN A T THE BIGGEST THING
FOR ME THAT ONE OF MY KEY TAKE
AWAY
FROM THIS WAS THE FACT IS THAT
WHEN YOU LOOK AT JUST THE SHEER
SIZE AND SCOPE
OF THESE COMPANIES FACEBOOK IF
IT WERE COUNTRY WOULD BE 2 AND
A HALF TIMES THE SIZE OF CHINA
THEY HAVE FOR THE 5 TOP SOCIAL
MEDIA PLATFORMS IN THE WORLD SO
IT'S DONE
HARD TO ARGUE THAT YOU'RE NOT A
MONOPOLY. THE QUESTION WILL BE
IS IN THE NUANCE AND THEN
OBVIOUSLY ONE OF THE FAVORITE
THINGS WATER COOLER DISCUSSION
SECTION 2.30. HOW WILL THAT
CHANGE IN TERMS OF LIABILITY SO
THE GOOD NEWS IS THERE
SOMETHING HAPPENING. THE BAD
NEWS IS WE DON'T KNOW WHAT FORM
IT'S GOING TO BE WHEN IT
FINALLY GETS SAID AND DONE.
>> YOU KNOW TALK ABOUT BIG
TECH'S MONOPOLY POWER IS
NOTHING NEW MORGAN I DON'T HAVE
TO TELL YOU THAT, BUT NOW
THERE'S ACTUALLY LEGISLATION
BEING INTRODUCED SO WHAT
HURDLES YOU THESE BIG TECH
COMPANIES FACE IF THESE BILLS
ARE EVENTUALLY PASSED.
>> THE FIRST THING YOU'RE GOING
TO HAVE IS A HUGE LOBBYING AND
LEGISLATIVE EFFORT SO MAKE NO
MISTAKE IT WILL BE SPENDING
10'S OF MILLIONS OF DOLLARS ON
THESE
LOBBYING EFFORTS, YOU KNOW THE
BIG HURDLES WILL BE GETTING
THROUGH CONFERENCES GETTING
THROUGH THESE COMMITTEE
HEARINGS THEY WILL BE SENATE
AND CONGRESSIONAL HEARINGS
HOUSE HEARINGS. THEY'RE TRYING
WHAT THEY'RE TRYING TO DO IS
FIGURE OUT WHAT OLD BUT WE
SHOULD THE SHAPE OF THIS LOOK
LIKE YOU KNOW I TESTIFIED
BEFORE CONGRESS TWICE I'VE SEEN
WHAT THE INTRODUCED WHAT THEY
EVENTUALLY END UP WITH SO JUST
BECAUSE THEY INTRODUCE IT THAT
WAY DOES IT
MEAN IT WILL EVENTUALLY BE THAT
YOU KNOW ONE OF THE OUTLIERS
HERE WHICH IS IT KEY PIECE OF
THIS IS THE MIDTERM ELECTIONS
LESS
NEXT YEAR. I'M NOT THE PERSON
ON THE 1, 0, GUY BUT I KNOW
THAT POLITICIANS INFLUENCE
POLICY DEPENDING ON HOW LONG
THIS TAKES TO GET THROUGH YOU
MIGHT HAVE A CHANGE IN THE
HOUSE AND SENATE
WHICH WILL ULTIMATELY CHANGE
THE KIND OF BILL THAT ENDS UP
ON A PRESIDENT BIDEN DEATH SO
THAT'S THE BIG THING CAN THEY
GET IT DONE BEFORE THE NEXT
MIDTERM AND IF NOT WHAT WILL
THAT LOOK LIKE.
>> DO YOU THINK THIS WILL
EVENTUALLY LEVEL THE PLAYING
FIELD FOR OTHER BUSINESSES
GOING UP AGAINST THESE BIG TECH
COMPANIES.
>> NOW IF YOU'LL NEVER HAVE 11
LEVEL PLAYING JUST
IT DOESN'T HAPPENED IN THE FREE
MARKET LIKE THIS, BUT WHAT
YOU'LL GET I THINK IT'S MORE
WASTE A FAIRLY COMPETE. LOOK
NOBODY'S GOING REPLACE FACEBOOK
OR YOUTUBE OR TWITCH YOU KNOW
IN MY FUTURE, YOU KNOW IN MY
LIFETIME. HOWEVER, THOUGH I
THINK YOU CAN
HAVE ALL TURN IT IS TO THAT AND
I THINK ONE OF THE OTHER BIG
THINGS ABOUT THIS LEGISLATION
THAT I THINK IS REALLY KEY.
IT'S THE ABILITY FOR THESE HUGE
MAMMOTH COMPANIES LIKE FACEBOOK
THAT'S ON THE SCREEN RIGHT NOW
OR OF AMAZON TO BUY IT
COMPETITORS AND THEN KILL OFF
THE COMPANY. I SAW THAT
HAPPENED WHEN I WAS WORKING
AT CISCO YOU KNOW THE PUBLIC
SAFETY SPACE WE SAW A COMPANY
BY A COMPANY JUST TO KILL OFF
THE TECHNOLOGY BECAUSE GUESS
WHAT IT WAS DISRUPTIVE. SO
I THINK YOU'RE SEEING A LOT OF
THIS LEVELING OUT AND THE
ABILITY FOR PEOPLE TO ACTUALLY
GET THEIR IDEA TO MARKET
WITHOUT IT CONSUMED, YOU
KNOW BY THESE BIG ONES AND THEN
SQUELCH BECAUSE IT WOULD BE
DISRUPTIVE. YEAH, I THINK IT
COULD BE A NEW DAY FOR
TECHNOLOGY IN FOR INNOVATION.
I DON'T THINK IT WILL ALL
HAPPEN DOWN SILICON VALLEY.
I THINK YOU'RE SEEING UTAH
TEXAS WE'RE SEEING THE CENTERS
OF INNOVATION POP UP SO I THINK
IT WILL DRIVE ACTUALLY JOBS IN
CREATION OUTSIDE THE SILICON
VALLEY INTO OTHER PARTS OF THE
U.S. AS WELL.
>> MORIN FIRST I SAY THANK YOU
FOR SHARING THAT STORY ON CISCO
ONLY BECAUSE FOR ME PERSONALLY
I'M SURE OUR GAVE IT SO MUCH
CONTACT THE CONTACTS WE
APPRECIATE THAT SO WE KNOW YOU
MENTIONED THIS THE BILLS WILL
NEED TO BE APPROVED BY THE
SENATE BEFORE THEY ARE SIGNED
INTO LAW BY THE PRESIDENT.
HOW LIKELY IS IT THAT THESE
BILLS WILL REACH PRESIDENT
BIDEN'S DESK. MORGAN.
>> YOU KNOW THAT'S THAT
IS THE $64,000 QUESTION I WISH
I WOULD
YOU KNOW THERE WILL BE SO YOU
KNOW LOOK WE'VE GOT THE SUMMER
LAW ALSO YOU'VE GOT THE BREAKS
YOU KNOW YOU'VE GOT THINK SO
COMING BACK AND I'D SAY AFTER
LABOR DAY THEY'LL PROBABLY GET
TO IT. THEY COULD HAVE YOU KNOW
BY LET'S SAY
JAN YOU IN FEBRUARY. BUT THE
BIG KEY TO THIS WILL BE WILL BE
HOW MUCH INFLUENCE AND EXERTION
OF POWER HIS INFLUENCE TO BIG
TECH EXERT ON THE LOBBYING
PROCESS AND THE BILL CREATION
PROCESS BECAUSE AS YOU KNOW A
LOT OF INFLUENCE ON K STREET
FROM A LOBBYIST AND FROM THESE
OUTSIDE FROM SO
YOU KNOW I THINK IT'LL BE
MESSY. I THINK WE'LL SEE
SOMETHING PROBABLY JANUARY
FEBRUARY TIME LINE THAT WE CAN
NOW WE'RE GETTING OUR HANDS
AROUND AND SAY.
YEAH, THIS IS PROBABLY WHAT IT
BILLS GOING TO LOOK LIKE.
>> HOW WILL CONSUMERS BE
IMPACTED BY THIS LEGISLATION.
MORGAN.
>> I THINK IN A BIG WAY I THINK
IT'S GOING TO MAKE
IT EASIER 4 OF YOU KNOW ONE OF
THE THINGS IS THE ABILITY FOR
YOU TO TAKE YOUR DATA AND GO TO
A COMPETITOR. YOU KNOW AND SO
NOT BEING HELD HOSTAGE BY THESE
DRACONIAN AND
VERY OBTUSE YOU CAN'T FIGURE
OUT IF IT TAKES A U.S. MARSHAL
ENSURE PUT TO BE ABLE TO RESCUE
YOU DATA YOU KNOW FROM SOME OF
THESE
PLACES SO I THINK IT'S GOING
MAKE IT EASIER FOR THE CONSUMER
TO ONE OF THE THINGS THAT
STARTED IN GERMANY WAS YOU KNOW
RIGHT TO BE FORGOTTEN.
I THINK THAT'S GOING TO BE HUGE
ESPECIALLY WHEN WE START
LOOKING AT THINGS LIKE I JUST
READ AN ARTICLE TODAY ABOUT
SHOULD TEENS HAVE THEIR SOCIAL
MEDIA HISTORY KIND OF WIPED OUT
A CERTAIN POINT BECAUSE YOU
REALLY WANT A 30 YEAR-OLD
PAYING THE PRICE FOR YOUR 13
YEAR-OLD OR 15 YEAR-OLD SELF
THAT POSTED SOMETHING STUPID,
YOU KNOW ON SOCIAL MEDIA.
SO IF THAT'S THE CASE I MIGHT
NOT HAVE A JOB,
YOU KNOW. SO I JUST YOU KNOW I
JUST THINK IT'S IMPORTANT THAT
WE START PUTTING THIS INTO
CONTEXT, YOU KNOW, BUT I THINK
WILL BE BIG IMPACT
FOR CONSUMER FOR PRIVACY FOR
PROTECTION AND FOR CHOICE AND
ESPECIALLY WHEN IT COMES TO
YOUR DATA THAT TO ME IS THE BIG
THING DO I MY DATA AND DO Y NO
WORD IS THAT WHEN I GET BACK I