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Summary
Cheddar Closing Bell (clip)
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Cheddar TV
Name: Cheddar TV
URL: https://cheddar.com/
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Not online media
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10/07/2020 08:10 pm
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0:08:14
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Transcript
RUSH TRANSCRIPT And the ░░░░░░░░ K the news sent ░░░░░░░░ tumbling on Monday more ░░░░░░░░ 80 sees us theaters ░░░░░░░░ open at this time ░░░░░░░░ Republican congressman and buck ░░░░░░░░ that a house panel ░░░░░░░░ by democratic lawmakers are ░░░░░░░░ to break up tech ░░░░░░░░ the anti trust report ░░░░░░░░ supposedly poised to propose ░░░░░░░░ reforms to block giants ░░░░░░░░ as Amazon and Apple ░░░░░░░░ both owning market place ░░░░░░░░ and selling their own ░░░░░░░░ on them the actual ░░░░░░░░ s release has been ░░░░░░░░ due to new information ░░░░░░░░ Facebook s acquisition of ░░░░░░░░ joining us now we ░░░░░░░░ got Nate bradley day ░░░░░░░░ donate technology is founder ░░░░░░░░ CEO great to have ░░░░░░░░ here with us today ░░░░░░░░ break this down this ░░░░░░░░ which is lasting over ░░░░░░░░ year we should mention ░░░░░░░░ supposedly entering its final ░░░░░░░░ so what are you ░░░░░░░░ to see when the ░░░░░░░░ comes out Well we ░░░░░░░░ haven t seen this ░░░░░░░░ of for quite some ░░░░░░░░ 1996 actually we Kind ░░░░░░░░ gave an and the ░░░░░░░░ come companies take a ░░░░░░░░ with this section at ░░░░░░░░ 30 which is part ░░░░░░░░ the communications decency act ░░░░░░░░ when you look at ░░░░░░░░ legislation It really help ░░░░░░░░ use their platforms in ░░░░░░░░ way that you know ░░░░░░░░ their liability with respect ░░░░░░░░ 3rd party if you ░░░░░░░░ Amazon along You know ░░░░░░░░ have a platform when ░░░░░░░░ you can you know ░░░░░░░░ your wares for sale ░░░░░░░░ then they go to ░░░░░░░░ on your company and ░░░░░░░░ turn around and want ░░░░░░░░ Amazon branded product that ░░░░░░░░ with you and so ░░░░░░░░ is kind of that ░░░░░░░░ at the basis of ░░░░░░░░ is going on these ░░░░░░░░ obviously it got bigger ░░░░░░░░ bigger competitions been You ░░░░░░░░ actually looking to them ░░░░░░░░ exit strategies as opposed ░░░░░░░░ competing with them They ░░░░░░░░ seen in the industry ░░░░░░░░ as Exit opportunity for ░░░░░░░░ rather than someone you ░░░░░░░░ you compete against because ░░░░░░░░ s it s a ░░░░░░░░ there and competing in ░░░░░░░░ of these giant so ░░░░░░░░ think you re you ░░░░░░░░ looking at the legislature ░░░░░░░░ the United States looking ░░░░░░░░ a to level the ░░░░░░░░ field again and in ░░░░░░░░ of exercise some of ░░░░░░░░ antitrust laws to 2 ░░░░░░░░ bring the bridal back ░░░░░░░░ little bit on these ░░░░░░░░ giants This was a ░░░░░░░░ of discussion in the ░░░░░░░░ hearing is that took ░░░░░░░░ over the summer this ░░░░░░░░ as well and what ░░░░░░░░ you expecting the companies ░░░░░░░░ further employee as their ░░░░░░░░ Well it you know ░░░░░░░░ make a great case ░░░░░░░░ the the need for ░░░░░░░░ platforms and it s ░░░░░░░░ that the adoption that ░░░░░░░░ have You know that ░░░░░░░░ re there they look ░░░░░░░░ not be punished for ░░░░░░░░ and in they have ░░░░░░░░ arguments about you know ░░░░░░░░ the freedoms that they ░░░░░░░░ as companies too to ░░░░░░░░ as large as they ░░░░░░░░ can based on their ░░░░░░░░ and growth I think ░░░░░░░░ counterargument start a compelling ░░░░░░░░ well you know with ░░░░░░░░ to Young entrepreneurial companies ░░░░░░░░ standing a chance against ░░░░░░░░ or then using you ░░░░░░░░ an abuse of market ░░░░░░░░ their advantage and that ░░░░░░░░ s really you know ░░░░░░░░ you look at some ░░░░░░░░ the situations where you ░░░░░░░░ the The largest search ░░░░░░░░ in the world owns ░░░░░░░░ largest video destination site ░░░░░░░░ the world and with ░░░░░░░░ and YouTube is relationship ░░░░░░░░ re being called into ░░░░░░░░ its hard to deny ░░░░░░░░ they they and abusive ░░░░░░░░ you quite a bit ░░░░░░░░ trouble for any entrepreneur ░░░░░░░░ s trying to ensure ░░░░░░░░ space bp part of ░░░░░░░░ system without involving them ░░░░░░░░ know what when I ░░░░░░░░ about this on Going ░░░░░░░░ and these probes into ░░░░░░░░ there have been anti ░░░░░░░░ violations this point in ░░░░░░░░ I think back to ░░░░░░░░ know Simon properties Brookfield ░░░░░░░░ when you go into ░░░░░░░░ mall you don t ░░░░░░░░ Simon properties are brookfield ░░░░░░░░ a t shirt that ░░░░░░░░ re going to be ░░░░░░░░ to get from h ░░░░░░░░ m and simply slapping ░░░░░░░░ or brookfield on it ░░░░░░░░ same case almost and ░░░░░░░░ the best analogy I ░░░░░░░░ come up with with ░░░░░░░░ to some of these ░░░░░░░░ that also have different ░░░░░░░░ elements on the may ░░░░░░░░ e commerce that rely ░░░░░░░░ them to make sure ░░░░░░░░ they have more users ░░░░░░░░ are on their apps ░░░░░░░░ their platforms as well ░░░░░░░░ you also have the ░░░░░░░░ companies also offering news ░░░░░░░░ directly up against some ░░░░░░░░ the very competitors and ░░░░░░░░ there and so what ░░░░░░░░ some of the ramifications ░░░░░░░░ would result at the ░░░░░░░░ of this what is ░░░░░░░░ best case or worst ░░░░░░░░ scenario Well I think ░░░░░░░░ the best you have ░░░░░░░░ leveling of the playing ░░░░░░░░ know that these thrive ░░░░░░░░ of new they they ░░░░░░░░ are an exit door ░░░░░░░░ know for entrepreneurs to ░░░░░░░░ of its drive to ░░░░░░░░ 80 s bigger companies ░░░░░░░░ going to buy me ░░░░░░░░ eventually and that that ░░░░░░░░ kind of a guiding ░░░░░░░░ in technology coming today ░░░░░░░░ know I an outcome ░░░░░░░░ would also be acceptable ░░░░░░░░ is broadening back a ░░░░░░░░ bit of these these ░░░░░░░░ these larger companies and ░░░░░░░░ them more in in ░░░░░░░░ their to focus on ░░░░░░░░ core deliverables you know ░░░░░░░░ like Google that have ░░░░░░░░ gone expanse of their ░░░░░░░░ is is part of ░░░░░░░░ investigation It s largely ░░░░░░░░ them You know being ░░░░░░░░ things to all people ░░░░░░░░ with without without a ░░░░░░░░ that back There there ░░░░░░░░ limited in their scope ░░░░░░░░ so I think you ░░░░░░░░ best case we re ░░░░░░░░ to see Some of ░░░░░░░░ legislation succeed I think ░░░░░░░░ case it s just ░░░░░░░░ of a roundtable discussion ░░░░░░░░ that ends up not ░░░░░░░░ the ball forward again ░░░░░░░░ 1996 we ve been ░░░░░░░░ powers to these entities ░░░░░░░░ and more we kind ░░░░░░░░ call them from time ░░░░░░░░ time to discuss you ░░░░░░░░ the ramifications of something ░░░░░░░░ ve done or somewhere ░░░░░░░░ their abuse of power ░░░░░░░░ had influence over Let ░░░░░░░░ say elections are other ░░░░░░░░ that their their their ░░░░░░░░ can kind of overlap ░░░░░░░░ our society with so ░░░░░░░░ security and many other ░░░░░░░░ are kind of at ░░░░░░░░ avenue garden of what ░░░░░░░░ re discussing here right ░░░░░░░░ with these giants in ░░░░░░░░ know I think from ░░░░░░░░ you know words case ░░░░░░░░ is just more of ░░░░░░░░ same not doing you ░░░░░░░░ with respect to these ░░░░░░░░ entities we have to ░░░░░░░░ action at some point ░░░░░░░░ say enough is enough ░░░░░░░░ it s high time ░░░░░░░░ address these issues head ░░░░░░░░ there s been a ░░░░░░░░ of debate in Washington ░░░░░░░░ in the digital realms ░░░░░░░░ repealing section 2 30 ░░░░░░░░ Twitter labeled one of ░░░░░░░░ president s earlier misleading ░░░░░░░░ potentially harmful President Trump ░░░░░░░░ to Twitter demanded a ░░░░░░░░ to section 2 30 ░░░░░░░░ explain exactly what it ░░░░░░░░ for and there s ░░░░░░░░ tweet it s it ░░░░░░░░ what is section 2 ░░░░░░░░ and what would happen ░░░░░░░░ it were repealed Well ░░░░░░░░ was to mediate Section ░░░░░░░░ 30 is part of ░░░░░░░░ second to 30 of ░░░░░░░░ communications decency act and ░░░░░░░░ that acted was Mediated ░░░░░░░░ parties companies from being ░░░░░░░░ for what 3rd parties ░░░░░░░░ on platforms so if ░░░░░░░░ re you too Yes ░░░░░░░░ have to police you ░░░░░░░░ that that that content ░░░░░░░░ you have but you ░░░░░░░░ leading a tid under ░░░░░░░░ 2 30 of liability ░░░░░░░░ reese back to 3rd ░░░░░░░░ posts and so It ░░░░░░░░ repealing it and by ░░░░░░░░ these companies more responsible ░░░░░░░░ I believe the movement ░░░░░░░░ repealing here has to ░░░░░░░░ freedom of speech and ░░░░░░░░ fact that they ve ░░░░░░░░ the sensors of their ░░░░░░░░ Platforms and from the ░░░░░░░░ particular platform that Communication ░░░░░░░░ are acceptable and those ░░░░░░░░ are and some believe ░░░░░░░░ that is overstepping the ░░░░░░░░ of what what section ░░░░░░░░ 30 with devised to ░░░░░░░░ which is more to ░░░░░░░░ the kind of the ░░░░░░░░ in 1996 that we ░░░░░░░░ dragging Internet companies down ░░░░░░░░ have and kind stunting ░░░░░░░░ grow respect to these ░░░░░░░░ platforms and now you ░░░░░░░░ see now that growth ░░░░░░░░ not an issue right ░░░░░░░░ or the privacy concerns ░░░░░░░░ the issues around 2 ░░░░░░░░ we have to do ░░░░░░░░ if a pregame speech in
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