What Did 4 Tech Honchos + Congress Do? Play Dodgeball!

Let39s be clear here amp8230 this is about four putative heads of four of the very biggest American companies who all rely on the internet for their business without except in one case really paying for any underlying distribution costs outside of a couple of cloudsIt was Zoom oops really Cisco39s WebEx on steroids amp8230 sort ofSome aspects of the performances were predictable some Congress folk clearly lacking any real knowledge of what the remote executives were talking about coupled with a lot of canned responses from Facebook39s Zuckerberg One surprise was Alphabet39s Uh amp8230 pause uh uh Pichai39s confusion about what Google actually does amp8230 he39s promised a lot of followup Frankly I doubt anything substantive will get filed anywhere but a trashcanSome folks in Congress just don39t like anything about those four wellpaid cue music indicating soft understanding combined with jealousy tech chiefs and their almost tooimportantforquestioning companiesSo takeaways1There39s a good case for breaking up Facebook amp8230 by nullifying their purchases of Instagram and What39s App An aside can the US do that The short answer is probably Facebook39s origin is clouded by Winklevoss39s of course and that plus the company39s tendency to copy or acquire instead of innovate is questionable Rhode Island39s David Cicilline does his homework Solid questions wishywashy answers And the Chair of the House Antitrust Subcommittee had done his homework as well2In a testament with a grin Dana Milbank of The Washington Post noted his boss came off the best because as he noted quotBezos who also owns The Post handled them all with grace and aplomb Also he was handsome charming and welldressedquot3Republicans seemed to simply whine about being dissed and ignored online somehow amp8230 all notwithstanding a large number of Republican leaning websites newsletters and whatever4All four tech execs then beat earnings expectations on Thursday Apple39s stock jumped 11 and announced a four for one stock split Alphabet was up Facebook revenue was up 11 Amazon39s growth engine AWS web services slowed to only 29 while everybody in America shopped on amp8230and onamp8230 Which leads to the Wall Street question quotWhat pandemicquotGoogle has built out fiber Quit when it wasn39t immediately a really big deal And now they39re once again sort of rolling in out in a market or twoRandom Notes And the pandemic rages on while our President whines that nobody likes him anymoreStay safeClick the social buttons to share this story with colleagues and friendsThe opinions expressed here are the author39s views and do not necessarily represent the views of MediaVillagecomMyersBizNet

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What Did 4 Tech Honchos + Congress Do? Play Dodgeball!

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Paul S. Maxwell

"About That" with Carl Mayer: Corinne Casagrande (Episode 8: Consumer Spending) - By Carl Mayer

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What Did 4 Tech Honchos + Congress Do? Play Dodgeball!

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