ALPHABET REPORTING A QUARTER
AFTER THE CLOSE AND TO OPEN AT
AN ALL-TIME HIGH.
GOOGLE'S PARENT COMPANY PUT
GOOGLE IN THE RACE TO
$1 TRILLION VALUATION.
JOINING ME NOW IS TECH EDITOR
PETE CONSOLE.
WHAT DID YOU MAKE OF THE
EARNINGS YESTERDAY?
>> THEIR AD ENGINE IS JUST GOING
AS STRONG AS EVER.
GOOGLE HAVE UP TO $5 BILLION
E.U. OVER A HUNDRED, BUT IT
SEEMINGLY WITH GOD COMMANDO,
EARNINGS WAS HUGE.
I WAS MORE OF A ONE-TIME FEE.
GOOGLE AND FACEBOOK ARE TOO BIG
PLAYERS IN THE AD SPACE.
I FEEL THAT THEIR A.I. AND AD
TECH HAS ONLY GOTTEN BETTER AND
BETTER AND TARGETING PEOPLE IN
USING BROADER SIGNALS TO SQUEEZE
AS MUCH MONEY OUT OF THE ENGINES
AS THEY CAN.
>> SPEAKING OF FACEBOOK, WE'LL
YESTERDAY'S TRADING SESSION.
INVESTORS SHAKEN OFF.
BECAUSE THEY JUST KILLED THEIR
PROJECT AS I WANT TO HEAR MORE
THINGS ABOUT SATELLITE INTERNET,
ALSO I WANT TO HEAR ABOUT HOW
WELL OCULUS GO HAS DONE.
IT'S REALLY THE FIRST TRUE
MASS-MARKET CONSUMER PRODUCT.
ZUCKERBERG WAS EXTREMELY BIG
WHEN THEY ACQUIRED YEARS AGO.
I WANT TO SEE IF THIS IS LIKE A
GOOD SORT OF FIRST STEP THAT
THEY KIND OF WANTED TO BE.
ZUCKERBERG TALKS A LOT ABOUT THE
EVOLUTION OF FACE UP TO BE
SOMETHING WHERE YOU SHARE ENTIRE
EXPERIENCES.
NOT JUST TEXT, IMAGES, VIDEO,
BUT AN ENTIRE ENVIRONMENT YOU
ARE IN AND THAT'S WHAT HE SEES
FACEBOOK AS 10 YEARS OUT.
PEOPLE MAY TECH INDUSTRY THOUGHT
IT WOULD HAVE GREATER
PENETRATION.
>> EVERY STEP TO GO.
I'VE TRIED IT.
EXPERIENCES ARE AMAZING AT THE
ASK ON THE USER THAT YOU NEED TO
HAVE SAID TO DO THIS ENTIRELY
DIFFERENT NAME IS A VERY
LONG-TERM THING.
10 YEARS IS EARLY.
>> YOUR OWN BUBBLE I GUESS.
>> WHETHER ALPHABET AND FACEBOOK
DOING THAT SAY PERHAPS TWITTER
IS LEARNING TO DO BUT NOT DOING
MATTER OF SCALE, TECHNOLOGY,
WHAT ARE THEY DOING THAT KEEPS
THEM WINNING?
ENGINE ON THESE.
ON PHONE IN THEIR WAY TO
MONETIZE THAT IT'S GOTTEN
BETTER.
>> D.C. REGULATORY CONCERNS ON
THE PRIVACY FRONT?
THAN IT CAUSES SOME DISRUPTION
TO THEIR OWN MARKET.
>> FOR FACEBOOK, YES THAT IS
HUGE.
YOU SEE HOW THEY HAVE TO ADAPT
WITH THE REGULATIONS IN EUROPE
AT THE GDP ARE.
>> WHEN YOU CAN DROP 5 BILLION
NOT REALLY AFFECT YOUR BUSINESS,
THAT IS PRETTY AMAZING.
DAGEN: I DON'T KNOW IF IT'S
PRIVACY REGULATION.
PRESIDENT TRUMP ALLUDED TO THIS
WITH THE "WASHINGTON POST" ON
THE AMAZON, BUT ANTITRUST
CONCERNS BECAUSE YOU SEEM TO
PLAY OUT IN THE U.S. OF
MICROSOFT.
THESE ARE TO ADD JUGGERNAUTS
WHEN IT COMES TO ONLINE ADS
SERVING THAT RAISES THE ISSUE.
>> IT IS A MONOPOLY.
THERE IS NO OTHER SERVICE THAT
OFFERS A FACE THAT OFFERS, WHICH
IS NOT THE TECHNOLOGY, NOT THE
APPS.
IT IS THE FACT THAT ALL YOUR
FRIENDS AND FAMILY ARE ALREADY
THERE.
THERE IS NO OTHER NETWORK IN THE
WORLD THAT CAN PROMISE THAT.
THEY HAVE A MONOPOLY ON THE
SOCIAL GRAPH, WHICH IS A TERM
MARK ZUCKERBERG USED HER AROUND
A LOT.
SHOULD THEY BE PENALIZED FOR
HAVING SUCH A GOOD PROJECT THAT
THIS IS PROBABLY ONE OF THEM.
THE ANTITRUST CONCERN IS THE ONE
SORT OF WILDCARD HERE WHERE THAT