[LAUGHTER]
GET HIM ON THE PHONE SEE WHAT
HE'S GOT.
INCH PRETTY MUCH.
SERIOUS STUFF ON TOOK.
THEY'RE MAKING CHANGE TOTS NEWS
FEED MORE UPDATES FROM FAMILY
AND FRIENDS.
FEWER FROM BUSINESSES.
GALLOWAY IS WITH US NOW HE'S
AUTHOR OF THE FOUR, THE HAD YOU
HADDEN DNA OF AMAZON APPLE
FACEBOOK, AND GOOGLE.
SCOTT WELCOME BACK TO THE
PROGRAM GOOD TO SEE YOU.
>> TO SEE YOU.
>> DO YOU THINK AS HEAD GUY AT
FACEBOOK --
THAT ZUCKERBERG SHOULD SHOW MORE
RESPONSIBILITY TO HIS SHARE HOLD
PERCENT, THE OWNERS OF THE
COMPANY OR HIS TWO BILLION
CUSTOMERS WHERE DOES HIS
ALLEGIANCE LIE?
>> TYPICALLY WHEN YOU'RE GOOD TO
YOUR CUSTOMERS IT IS SAIL AS
BEING GOOD TO SHARE HOLD PERCENT
TO OFFER A FERAS ARIC EXPERIENCE
AND PUT THEM AT THE TOP OF THE
>> THE THE POWER AMASSED BY BIG
TECHNOLOGY COMPANIES IS JUST TOO
MUCH.
AND YOU GOT TO REIGN THEM IN IT
STRIKES ME THAT STUKER OR BURG
HAS ENORMOUS POWER.
HE DECIDES --
WHAT GOES INTO THE NEWS FEED OR
MOST POWERFUL PERSON AND
INFLUENCE ELECTIONS COULD
INFLUENCE YOUR MOOD AS POSSIBLY
FACEBOOK IS PROBABLY THE MOST --
TALKED ABOUT DRUG OR PRODUCT IN
TERMS OF TEEN DEPRESSION NOW BUT
I FIND IN YOUR LAST SEGMENT THIS
BAD FOR BUSINESS I THINK MARK
ANYTHING BAD FOR BUSINESS.
YOU'RE SEEING AN ACCELERATION IN
THE AD REVENUE NOT A DECLINE.
THIS IS A HEAD PRETENDING TO BE
CONCERNED ABOUT SOME OF THE
CRITICISM THEY FALLEN UNDER.
THE AD LOAD WILL NOT CHANGE.
IT IS STILT THE MOST ROBUST
COLLECTION OF TARGET IT IS IN
THE WORLD.
WITH THE MOST ROBUST TARGETING,
THE BUSINESS IS NOT GOING TO --
BUSINESS WILL CONTINUE TO
ACCELERATE.
>> ANOTHER EXAMPLE OF THE POWER
OF AMAZON.
AMAZON SAYS IT'S ONIS LINE
GROCERY SALES HAVE SURGED SINCE
IT BOUGHT WHOLE FOODS LAST YEAR.
AGAIN, THERE'S NO STOPPING THE
AMAZON EFFECT AND THERE'S NO
STOPPING IT THIS COMPANY EVEN
THOUGH YOU WOULD LIKE TO REIGN
IT IN, THERE'S NO MECHANISM FOR
REIGNING IT IN THE MOMENT OR IS
BE --
AMSTERDAM WAS TO FACEBOOK BEST
IN THE LAST DECADE FOR $14
BILLION THEY'RE ABLE TO SAY
FASTEST GROWING OFFLINE RETAILER
NOW IN ADDITION TO BEING FASTEST
COMPANY, HAD IS PROBABLY A 30 OR
50 BILLION CREATIVE ACQUISITION
BASED ON THEIR ABILITY TO
ANNOUNCE FOUR CONSECUTIVE
QUARTERLY PRESS RELEASES SAY
WE'RE FASTEST GROWING OFFLINE
RETAILER SO GENIUS AND WHEN I
PUSH BACK A LITTLE BIT WE CAN
POINT IT IS HEALTHY TO REOXYGEN
THE RATE.
>> SO OR FAR WHAT AMAZON IS
DOING IS HELPING CUSTOMERS AND
CONSUMERS.
I MEAN THEY'VE LOWERED RATE OF
INFLATION FOR HEAVENS.
NEED TO SHOW ABUSE TO THAT POWER
OR RESTRAIN A COMPETITION I
TRADES ON UNDERLINE PERFORMANCE
WAS STOCK MACROENVIRONMENT, AND
WHAT THEY'RE DOING YOU HAVE WHAT
THE POWER THAT IS RESTRAINING
COMPETITION SO I THINK THERE'S
ACTUALLY A INTERVENTION HERE.
>> I DON'T CARE WHICH SIDE OF
THE POLITICAL FENCE YOU'RE ON.
AND THERE'S FIVE --
AND YOU KNOW IT RAISES QUESTIONS
BECAUSE CAN YOU REALLY PUT THAT
POWER IN THE CORPORATION OR --
RIGHT ON BROTHER.
>> I'M WITH YOU, AND LET'S LOOK
AT THE OBJECT OF EVERYONE'S
AFFECTION IN TERMS OF AMBITION
ECONOMY GOOGLE 750 MARKET CAP
WOULD GOOGLE EXIST TODAY IF THE
DOJ HAD MOVED ON MICROSOFT AND
SAID STOP KILLING COMPANIES --
AND MANY THAT STATE.
GOOGLE WOULD NOT BE HERE HAD WE
NOT HAVE DOJ INTERVENTION TO SAY
STOP KILLING SMALL COMPANIES.
SO THE ANTIDOTE TO REGULATION IS
U TRUST BUSTING AND IT IS TIME
STUART.
>> IT IS A VERY INTERESTING
CORPORATIONS.
FOUR COMPANIES NOW WITH A MARKET
CAP TRADER THAN GDB OF FRANCE OR
INDIA.
QUITE A STATISTIC.
IF YOU'RE NOT CAREFUL YOU WILL.