which facebook lot we haven't really talked much about facebook purchased and made. but at the time they offered a billion dollars to this company and is one of the great burdens of all time. it's still super popular among young people and influences our culture and it still at the center of it. and as you said, it's real isn't real or the toy take a picture of it on instagram. i think though it's tough to tease out how much of it rests at the feet of these big companies and how much of it is i wouldn't call it natural evolution, but in evan inevitable evolution of this kind of technology coming into being. if that wasn't for facebook founded by mark sucker book, i think there would be something like it's founded by someone else. the idea was mere he does manage to do it better. the ubiquitous internet, the activity, global devices, these things just beget the kind of social networks that we have now. in the kind of products we see with instagram and what happened in tick-tock. they're even going to be part of our lives anyway, were on this course. this is sort of my

papers facebook says it's standing up for the little guy so does apple. ok let's bring in the panel from new york we have jim anderson he's the c.e.o. of social flow a company that helps media organizations distribute its social content online in berlin we have joined the bryson professor of technology and ethics at the hurty school of governance and here and oh how we have mark owen jones a professor who specializes in social media and the digital humanities been highly for a university welcome to all jim anderson in new york i come to you 1st so apple's going to give us you me everyone else around the world 1000000000 of us more privacy what's the problem. well there's no problem with that and apple definitely has a strong hand here when you go to consumers you say would you like more previously most of them are going to say yes i saw one statistic saying 3 out of 4 people would say yes and don't track me i think that's actually low i think it's probably more like 9 out of 10 people the problem is what facebook is trying to say is wow you know that that

page yes we do have one that's facebook dot com forward slash a.j. inside story you can also join the conversation on twitter handle at a.j. inside story for me peter dalby and everyone here on the team in doha thanks for watching we will see you very soon for the moment but i. discovered kazakstan has a new strategic location at the crossroads of europe and asia. develop and grow your business. in the leading logistics trade business. in 1st in a country with a great business climate. system tax regime. investment incentives employ a well educated highly skilled and multi-lingual workforce. by investing in kazakstan you invest in the largest economy of the region where the growth and prosperity of your business will always be our key priority. invest in kazakstan seize the best opportunities in the heart of eurasia. from the from venice of caracas so the battlefields are wrong also our job is to get to the truth and empower people through knowledge egypt strongman is ruling within fire and faced and the silence from his allies is deafening the u.s.

the second they joined facebook they are told by facebook's grosjean, their team famous for figuringout how they can get as more and more addicted to facebook, they are told that they can be helped only at an internal study determines instagram is not a threat to facebook. the founders are really, they attempt to maintain their independence and their brand and their craft as zuckerberg had promised, but it doesn't really work out that way. in 2016 when they really accelerate their growth by copying snapchat stories and making a lot of changes to the instagram app, zuckerberg is in the throes of crisis around the presidential election in the fallout of people understanding that facebook can manipulate, that facebook status may get a lot more data than we want them to, and people are starting to be very critical facebook at a time that instagram is really thriving. he starts to think what is the reason that facebook is struggling? is because people are being directed to this alternative app that has the better brand. and so he calls this cannibalization and he starts to restrict resour

and then facebook came along. sarah: facebook needed to do something about the fact that they were behind on mobile. that was a couple weeks before they went public as a company, and investors were concerned they would never be able to make money on mobile phones. and yet they see this app that is so natural on your phone, really seems to fit in with your life as you carry your iphone around. they thought, if somebody else owns this, this would be terrible for us. we would rather own this then compete with it -- than compete with it. mark zuckerberg offered more than anyone had ever offered for an app, and he told the founders something really interesting. he said he could allow them to stay independent, that they could remain ceo and cofounder of this app and remainder visionaries -- remain the visionaries, and he would remain hands-off. to them, this was such an amazing thing, that simply none of the risk of remaining a private company and all the rewards of maintaining control over the future of their app as we

thirteen employees in 2012 and then facebook came along. >> guest: facebook needed to do something about the fact that they were behind on mobile. that was a couple of weeks before they went public and they were concerned that they would never be able to make money and again, they see this so natural. it seems to fit in as you carry your phone around and they thought if somebody else owned this, this would be terrible for us. we would rather own this to compete with it so mark zuckerberg offered more than anyone had ever offered for an app and he told the founders something really interesting. he said he would allow them to stay independent. they could remain ceo and cofounder and remain with the visionaries and he would be hands-off. the founder of instagram, this was such an amazing thing that they would be able to eat essentially have none of the risks of remaining a private company and all of the rewards of maintaining the control. given the possibility that they could crush them if they didn't, it was a viable option. >> what was the relationship prior to the sale? >> it was interes

we want to regulate facebook specifically. there is a set of practices bind facebook, google, amazon that describes what is happening in all of the consumer internet industry that is focused on an uninhibited basis to develop on an uninhibited basis, using our profiles to curate social content and target a profit maximizing way. it has become the fact that companies like facebook you could see it as a machine. with algorithms sitting on top, you have a set of circumstances where these companies do that without any restriction or consideration for democratic interest, that is when we start to recognize over time this is harming our election, this is timing disadvantaged population and we need to restrict the possibility of data on an uninhibited basis, the company is as a general matter, what they want to see with interest in the problem and restrict the way they engage in corporate development to the extent that the ways they engage mergers and acquisition and strategic arrangements to the extent those and able monopolization,

but i think very broadly speaking, first companies like facebook have monopolized sectors, facebook, google, amazon we think of social media for sure and online video e-mail, e-commerce, asked text messaging. these are very important sectors and markets economically speaking because there is a lot of economic activity that happens. they are new markets but they are important in the economy in 2020. one of these companies has monopolized each of the sectors and i think through that monopoly they are extracting tremendous amounts of wealth by using their monopoly position to diminish the quality of service over the internet to extract exploitative rent out of us that he used their platforms in the form of our attention and data and finally also diminish the pace of innovation when we think about social media or search, these are not markets that are evolving rapidly anymore. google just really tries to protect its hegemony and facebook is the same. the strategic things they do within the company's and at this stage it's about protecting their monopolies and maintaining the ability to e

advertisers to get them to boycott facebook instead of having facebook make unilateral changes in theublic interest at the same time, we might see facebook begin to be a little bit more aggressive, a little bit more active against hateful conduct, against dis and misinformation on its platforms with almost immediate effect and if that's the case, then we might see the advocates and those in political power now perhaps back off if they do see facebook taking the requisite action now >> all right dip dipayan ghosh, thanks. >> thank you for having me kp your eye on bitcoin today. another record high, above 39,000 "squawk alley" will continue after a short break. something else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription

>> like a tale of two facebooks. you have the facebook that the users know. everything else on the outside, earnings and uncertainty, regulation, all of that is white noise to them. i get on every day, i connect, that is drives growth and earnings there is other side of it uncertainty around regulation. we have a brand new administration may look at technology differently. if anyone thinks the biden administration is free pass, we love technology. that is not the case. they will be looking pretty hard at facebook. facebook is going into this year, obviously the pandemic creates uncertainty, but i think it is really what is the regulation what could happen on the monopoly side. also things when they make a mistake, say whatsapp will have big change of terms of service and everybody starts leaving it, when those kinds of things happen how do they steer through it. gerry: and jonathan, do you think, looking at niece numbers. we'll obviously get google alphabet next week. these two companies are taking lion's share of digital advertising. there doesn't seem a let

this sort of message on facebook should not be removed, shouldn't it?ook at each case on its merits. i am part of a panel that is looking at the covid case at the moment. i probably shouldn't talk about that, but looking at that you are in this world of looking at protecting free speech, looking at who is speaking rather than with what kind of authority and how actionable it is. i think if somebody is out there saying "inject "bleach into your arms, that's going to cure you" or "swallow domestos", that is clearly dangerous and crazy and that is going to endanger people. if it is people that we know are lockdown sceptics who are making the argument that lockdowns don't work or that you want herd immunity, i think i am in favour of allowing those to remain up, possibly with warnings, possibly with the tools that facebook have and other social media platforms that can suppress the veracity of those kind of messages but i think if you don't then what you are going to do is suppress those arguments into places like whatsapp where they can't be seen and they

facebook is under enormous pressure.fferent efforts to rein in facebook? of course. this is like gutenberg, like gutenberg on speed. the cataclysms in society after someone worked out a way to print books when monks had previously been hand writing them, and we have got that to the power of a billion now, so of course there will be problems there will be paroxysms as society rearranges itself, and my only caution is to say "look, stop demanding that everyone does this by next "tuesday, because otherwise we will not get good results." if you're going to do the incredibly difficult work of balancing the freedom of expression that facebook represents at its best, with minimising the harms, with a kind of organisation that we don't even know how to describe, we have not yet agreed whether it is a platform or a publisher, and that whole section 230 debate, so we are dealing with something vast and immensely complex, and it will not be solved overnight, and it shouldn't be because we would make bad mistakes if you did. it seem

needs to be fit facebook needs competition facebook is dominant so requires competition so that maybe antitrust action against facebook the it is so that you've got more you know more options right more options and then regarding 230. i think they i don't think there's any. intention to deny free speech i think the the problem is is that there has been 0 constraint on speech published on facebook twitter and so on because of a kind of an of an of a concept in the law that by that that i think new york courts were responsible for that if if an internet provider like facebook were to attempt to regulate speech then they would lose their section to 30 protections. but i think there that it's all screwed up or it really does it really does need to be changed so that so that facebook is operates more like the newspaper you know you if you want to publish up in the newspaper you have to meet certain guidelines you just can't make up whatever you want and have it published but in a facebook today and on twitter you can do that so that's ron i think that's that's where we're having so much tr

facebook is the same. the strategic things that they do within their companies at this stage are really just about protecting their monopoly advantage maintaining their ability to extract monopoly rents at the expense of the rest of society while keeping the policy and regulatory circumstance in their favor in places like washington and its business model that i more explicitly kind of explain and describe based on my interaction with that business model within facebook and in government that i think is responsible for this tremendous set of negative externalities, harms that the rest of society and disinformation and hate speech, that businesses responsible for all those harmful results. >> you feel that the profit maximizing strategies of these companies is directly in opposition to the well-being of this democratic society and as you pointed out all this disinformation being one of the, being symptomatic of that. really you are trying to get to some core truths aboutthis industry right now . and in orde

our law is not that we posted on facebook or. i mean it's hard to say that that's not how it was already there we were all over the world. really. it's an interesting time year one of the things we've seen repeatedly over the past decade or so was this constant battle between big tech and government for information is that surprising facebook didn't put up more of a fight over surrendering the private information in particular i think you know just just to iraq where you can come in in a moment. facebook had an opportunity to shine during nearly 5 years of islamic state heads had been beheaded. people had been drone alive in each and every case was a struggle. to try and obtain some information from from from facebook and then. the go u.k. government was almost begging the social media giant please do something about it please intercept those messages please of the moment to us and google declined those all those all 1st citing free speech it is very surprising they suddenly facebook has become a champion of national security. wi

google and rival facebook of rigging the advertising auction opportunity ambitious texas attorney general ken paxton is leading that 10 state lawsuit accusing google quote a trillion dollar monopoly of brazenly abusing its monopolistic power going so far as to induce senior facebook executives to agree to a contractual scheme that undermines the heart of the competitive process fair charge or bomb rap let's ask attorney sara papen tonio of the law firm 11 papen tonio sara welcome back and 1st things 1st your quick legal leads to english explanation of the trust law. well haul an antitrust law became necessary years ago when we saw the steel industry and the railroad industry really taken off we started seeing major corporations teaming up with one another to fix prices for street competition and to control market participation in a way that took advantage of us consumers see the united states then realized that since corporations weren't going to act in the best interest of their consumers that we the united states had to force them to so they created what we call antitrust laws and the m

in while facebook has extended the suspension of trump's twitter of trump's facebook account for at least 2 weeks until power has been completely transferred to joe biden we believe the risks of allowing the president to continue to use all service during this period is simply too great therefore we are extending the book we've placed on his facebook and instagram accounts indefinitely and for at least the next 2 weeks until the peaceful transition of power is complete in addition to facebook social media giants like twitter you tube and instagram also took action against trump's accounts following his video addressing the rioters previously the platform had imposed just a 24 hour ban now the american life live streaming service twitch has followed the big tex leaning lead by doing the same. now for more insight into that we're joined live now by radio host and political analyst dave perkins dave thank you very much for joining us on the program now you donald now so we just witnessed basically yesterday social media giants censoring the president of the united states what what kind of pr

facebook, twitter, amazon all down today. transition of power, and inauguration coming up, and no one knows for sure if it will be peaceful. is it possible all of this is connected and this uncertainty and tumult has had an impact on bitcoin? bitcoin look, i think and crypto more broadly and the entire crypto industry really does have its own idiosyncratic growth trend going on. but some of these factors help and hinder the crypto movement at various times. bitcoin in particular is going after kind of a market segment like gold, then certainly in times of uncertainty like recently, where we see an appreciation and gold, we can expect to see bitcoin appreciate. but i don't think that is a driving factor behind any of this. what we are seeing is the growth story behind bitcoin and crypto more broadly, a much broader adoption, over the last couple of years and in terms of the outlook in the years ahead. emily: what would your call be for bitcoin in the next six months, let's say? spencer: [laughs] people get caught up in price t

"facebook is propagating falsehoods they know to be false.editorial impact at all on facebook. none. none whatsoever. it's irresponsible. it's totally irresponsible." and then, in an open letter to the company before the election, he asked them to do more to take down fake news. the will of the people has been heard! so, what could joe biden do when it comes to big tech and social media? for more than a century, the us has had tough antitrust laws. these were implemented after a handful of companies, or trusts, came to dominate the utilities of the us economy in the early 20th century. the same antitrust charge is now laid firmly at the door of big tech. there are already two antitrust lawsuits in the us — one against google, accusing the company of dominating search and advertising, and one against facebook, accused of using a buy—or—bury strategy to hurt rivals. many democrats want biden to go much further. democracy has prevailed! yeah, a number of democrats have called for breaking up dominant tech platforms. whether you're talking about

is going to limit his expressions he's too important a facebook india is too important to facebook india's facebook's largest market india is the site of facebook's fastest growth there are plenty of other leaders out there using these platforms to spread misinformation we've seen it from modi's b.g.p. party and we've seen it from both in our own brazil but all of these platforms and facebook in particular tend to pay much more attention give much more credence to issues in the u.s. they also pay much more attention to what u.s. experts are saying and people around the world who can crying for help and there are still countries where these platforms are not paying any attention at all or may not even have individuals moderating content in the very languages that are spoken there is shows the arbitrary nature of this this is really due to the decisions at least on facebook of one man mark zuckerberg right people inside say that he makes these important calls and you have to imagine that it has something to do you with how the company as a business wants to operate and be perceived in those

facebook, twitter, amazon all down today.have a transition of power and an inauguration coming up and no one knows for sure if it will be peaceful. is it possible all of this is connected or that this uncertainty and tumult have had an impact on bitcoin? spencer: i think bitcoin and crypto more broadly and the entire crypto industry has its own idiots at big -- its own idiosyncratic growth trend. i do think some factors help and the crypto movement at various times. bitcoin in particular is going after a market segment like gold, certainly in times of uncertainty like we have seen recently where we see appreciation in gold, you can expect to see bitcoin appreciate. i do not think it is the driving factor behind any of this. we are seeing is a growth story around bitcoin and crypto more broadly. a much broader adoption over the past couple of years and in terms of the outlook and years ahead. emily: what would your call be for bitcoin in the next six month? spencer: people get particularly caught up on price targets. i am a fo

you said the facebook board should do the same. to be clear, do you think mark zuckerberg should resign and the facebook board as well and why? >> i think we have to hold people accountable. every time something happens, there is an apology, some movement to change, and nothing happens. mark's 2019 facebook said it was banning white nationalism, and yet here we are. here we are with a white -- white supremacists taking over the capitol building. are we going to hold people accountable this time? my guess is no. i don't think he will be asked to leave. i don't even think there will be any hard conversations he will have to have. i hope the facebook board really thinks about why this is. how do we allow the platform to be taken over and be part of the weaponry in a white supremacist battle without any kind of guidelines or any kind of control, without any kind of accountability? that is the peace where tech is this.od at they are not good at accountability, looking out its actions, being what they lead to, it is focused on engagement

twitter facebook the enormous power of social media has never been so clear since the rioters stormed the u.s. capitol in washington the platforms out of control and what role has opened up for new players like mv today on the. u.s. president trump pretty much government. he used twitter to speak directly to his almost 90000000 followers among them were fans and foes people in politics in business and. from the press win win situation for trump on twitter for a long time but now social media has suddenly put the brakes on by blocking its accounts private companies are banning the world's most powerful men from speaking out what does it mean when digital corporations have this much influence in the twitter account at real donald trump pad 89000000 followers now all that's left of his beloved megaphone and weapon of choice is his twitter handle. trump fired up 12200 tweets in 2020 alone often with alarming content. so. i want him with just a few words on twitter trump was able to mobilize his supporters who recently even stormed the capitol in washington d.c. trump raised them on the po

facebook in particular. there is a bit of a divide and facebook. if you worked for facebook toward the beginning of its tenure it's considered more okay but if you worked with them after 2016 or after the cambridge analytical scandal and more recently were almost considered tarnished and the biden administration is not naming -- you may notice if people have ties to facebook or google it tends to be from earlier in the company's history rather than people who are there now and or have more recent ties. >> host: emily birnbaum. >> yet, i think i just can't be understated how much animosity and sheer anger there is within the democratic party specifically at facebook. for years now after 2016 and after the fallout from cambridge analytical census has been building that facebook enabled trump and facebook even allowed trump's rise. i think that is inevitably going to matter over the next couple of years. given that biden tries to fill his administration a lot of people left the obama administration to silicon valley companies and biden intends to, you

facebook in particular. but now it's really not. there are a lot of people who are pushing president-elect biden not to select people from the tech companies. facebook in particular. there's a bit of the divide in facebook, like if you work for facebook towards the beginning of its tenure, it's considered more okay. if you work for them after 2016, after the cambridge analytica scandal and more recently, you are almost considered like tarnished, and the biden administration is not naming -- you may notice it people had ties to facebook or google it tends to be from earlier in the companies history rather than people who are there now and for have more recent ties. >> host: emily birnbaum. >> guest: it just can't be understated how much animosity and sheer anger there is within the democratic party specifically at facebook. for years now after 2016, after the fall from cambridge analytica this has been building among democrats that facebook enable trump and facebook even allowed trump's rise. i think that is

think on facebook on g.w. dot com and if you want to know more about amazon's founder jeff bezos make sure to check out our you tube channel that's it for me goodbye your next time. the 77 percent. fencing in kenya that's a room for everyone and i'm going to. kick boxing in uganda kenya. and soccer culture in south africa you know on. this episode is all about school let's fight all the city 7 percent. next on t.w. . swedish design meets chinese electric power the new costar. the electric sedan leave the competition in the dust with dynamism comfort and above all range does the pollstar of what it takes to compete with the tesla red. 16 s w. 19 years of his holiness wait to bring you more conservation. how do we make signals greener how can we protect habitats we can make a difference global ideas environmental syriza can blow through thousands on g.w. and on mine. hi there thanks for joining me on this very sporty at this in the 77 percent sure i am michael and also you can tell for myself this is going to be

there is a divide in facebook. if you worked for facebook toward the beginning of the tenure, it is considered more ok. if you worked with them after 2016, after the cambridge analytical scandal, it was considered tarnished. the biden administration is not naming -- if people have ties to facebook or google, it tends to be from earlier in their history, rather than people who are they are now or who have more recent ties. -- people who are there now, or have more recent ties. >> just pointing out how much animosity and anger there is within the democratic party at facebook. for years, after 2016, after the fallout from cambridge analytica, there was talk about facebook enabling trump, or allowing his rise. i think it is inevitably going to matter over the next couple of years. it is interesting, given biden filling his administration, a lot of people left the obama administration to silicon valley companies. biden intends to bring back some of the same people. now he is facing these kinds of questions about whether

"facebook is propagating falsehoods they know to be false.l on facebook. none. none whatsoever. it's irresponsible. it's totally irresponsible." and then, in an open letter to the company before the election, he asked them to do more to take down fake news. it didn't used to be this way — facebook execs reportedly had a good relationship with the 0bama administration — but then 2016 happened — cambridge analytica, the trump campaign's ruthlessly effective use of the social network, and things have gone downhill since then. ok, i'm recording... sarah miller is director of the american economic liberties project and also happens to be onjoe biden�*s transition team. she believes mark zuckerberg in particular should be worried. he is not a welcome figure at the cocktail party any more and i don't think he has been for a long time. there is not a lot of love lost there. i think facebook is really kind of broadly seen as the most prominent villain, kind of, among all the tech monopolists. and i don't think that's any different, kind of, among most

they don't have the scale that facebook does. so you know whether you like them or not, facebook is still fine until the advertisers leave, until users leave, but twitter's in a much worse situation in my opinion. >> karen >> well, it's a really fine line that they're trying to walk, but think about this though. another constituent that twitter and amazon are doing is their employe employees, right i read, i'm he not sure if it's true, it was coming from pressure from the employees that made amazon make the decision of shutting down parler's aws account. so i don't know how they solve that they can't just completely ignore those constituents. we'll see what kind of regulation comes, but i do think the stocks are already under pressure because of the uncertainty around regulation, right? we're seeing i don't know how many lawsuits filed by attorneys general. we know the government, both a bipartisan issue, if there are any left, how do we rein them in i think for some of them the smaller ones, if there is a lot of regulation, it's

were introduced only in shops the facebook and instagram. during the corona crisis he says it's to help retailers receive some of the financial losses suffered during the pandemic this is going to make up for all of that lost business but it can help and for lots of small businesses during this period this is the difference between staying afloat or going on over $160000000.00 small businesses use facebook's infrastructure to advertise products and services they use posts to embed links to their products that 1st users had to leave the app and buy products directly on the retailers websites but not anymore. meets paper is one of just a few small businesses and now to test the new e-commerce features jaimie no do the owner loves it. when like amazon and sellers here don't need to rely on an expensive shipping program. setting up shops is free no programming skills required . for you we want people to handwrite words of instagram's audience really. kind of helped us and telling that story so as we looked at their e-commerce features that were