NEIL: EVER GET THE FEELING
FACEBOOK CAN NOT GET OUT OF ITS
OWN WAY?
SOME USER INFORMATION CAME OUT
AGAIN.
I COULD GIVE YOU DETAILS.
IT IS UP ON OUR WEBSITE.
IT IS LATEST CHAPTER BUT
SOMETHING NYU MARKETING
PROPROFESSOR SCOTT GALLOWAY WAS
WAY AHEAD OF TALKING ABOUT BIG
TECHNOLOGY NAMES THAT LED THE
MARKET HIGHER, AMAZON, APPLE,
GOOGLE, AND OF COURSE THE
AFOREMENTIONED FACEBOOK.
THANKS FOR COMING.
>> THANKS FOR HAVING ME, NEIL.
NEIL: I WANT TO QUICKLY GET TO
FACEBOOK.
WHAT IS THE LATEST THING?
EVERY TIME THEY SAY, THAT'S IT,
THERE IS NOTHING MORE, WE'RE ON
TOP OF THIS, SOMETHING ELSE
COMES UP.
WHAT ELSE IS GOING ON?
FROM FACEBOOK, NOT AS BAD AS WE
ORIGINALLY REPORTED.
ONLY THING YOU KNOW FOR CERTAIN
IS THINGS GET WORSE.
IN THIS INSTANCE AFTER 2015 THEY
WERE NO LONGER SHARING THIS TYPE
OR THIS ROBUST DATA SET.
ENDS UP THEY WERE WITH MULTIPLE
PLATFORMS, INCLUDING CHINESE
PLATFORMS, WHICH PRESENTS A
SECURITY RISK, THE ONION, EVERY
THAN ORIGINALLY REPORTED.
NEIL: YOU KNOW, BACK IN THE
WINTER, YOU WROTE AN EXCELLENT
PIECE LOOKING AT INFLUENCE,
SIZE, DISPROPORTIONATE WEIGHT OF
SOME OF THESE TECHNOLOGY
FOUR, REFERRING TO AMAZON,
FACEBOOK, APPLE, AND GOOGLE, KEY
HEALTH, PRUNING FIRMS WHEN THEY
BECOME INVASIVE.
WHAT DID YOU MEAN BY THAT?
TIME FOR REGULATORS TO COME IN,
FOR EACH AND ALL OF THEM TO BE
COULD HAVE UNINTENDED
CONSEQUENCES.
I'M NOT A FAN OF REGULATION, AND
I THINK IT CAN BE EXPENSIVE AND
HAM-HANDED.
I BELIEVE THE REGULATION IN
EUROPE, GDPR, WILL NOT ONLY
CONSTRAINING THEM AND CEMENT
THEIR POSITION.
MY POINT, TIME TO BREAK THEM UP.
WE'RE AT A NATURAL PART IN THE
ECONOMIC CYCLE, A FEW COMPANIES
WITH EXCELLENT EXECUTION, LOCK
ECONOMIC ENVIRONMENT END UP WITH
SO MUCH INFLUENCE THAT SMALL
COMPANIES CAN'T GET OUT OF THE
CRIB AND BIG COMPANIES THAT ARE
TRADITIONALLY BETTER EMPLOYERS
ARE PREMATURELY EUTHANIZED.
THESE COMPANIES EFFECTS --
EFFECTIVELY DOMINATING THEIR
POWER.
AND EXERCISE THEIR MOW MOPLY
POWER.
WHEN WE UNLEASHED MA BELL, WE
FOUND OUT FIBER AND TECHNOLOGY
WERE LYING DORMANT IN BELL LABS
AND.
WE'RE AT THIS POINT NOW.
92% SHARE OF SEARCH, ONE
COMPANY, GOOGLE, AMAZON, LOSES
OR GAINS THE MARKET CAP OF
FEDERAL EXPRESS IN A DAY.
CAN TAKE TENS OF BILLIONS OF
DOLLARS OUT OF A SECTOR BY
ANNOUNCING ACQUISITION OF
100 MILLION-DOLLAR COMPANY AS WE
SAW YESTERDAY WITH PILL PACK.
TIME TO OXYGENATE.
THEY HAVEN'T DONE SOMETHING
ANYTHING WRONG WE HAVEN'T BEEN
DOING THAT.
ELECTED OFFICIALS HOLD SCRUTINY
WITH OTHER COMPANIES DID.
NEIL: BE CAREFUL WHEN YOU WISH
FOR, GO AFTER AMAZON, AGGRESSIVE
MOVES IT MADE TO ACQUIRE
COMPANIES, JUST DOING SO CAN
WIPES TENS OF BILLIONS OF
DOLLARS OUT OF THOSE RESPECTIVE
BUSINESSES, THE QUESTION BECOMES
HOW YOU BREAK IT UP, AND WHAT
BECAUSE, THESE ARE SUCH TANGLED
WEBS, WHAT DO YOU THINK?
>> I DON'T THINK IT IS THAT
HARD.
MOST OF THESE COMPANIES, THE
ROAD MAP IS TO LOOK BACK.
WHY DOES FACEBOOK, INTRAGRAM,
THEIR GUNS IN UNIFORM ATTACK ON
NUMBER FIVE, SNAP, PUTTING SNAP
OUT OF BUSINESS AS WE SPEAK, WHY
WOULDN'T WE SPIN INTRAGRAM?
WHY WOULDN'T WE ASK THEM TO SPIN
WHATSAPP?
WHY DOES AMAZON NEED TO OWN AWS,
ONE OF THE MOST PROFITABLE
SECTORS IN TECHNOLOGY WHEN THEY
CAN SUBSIDIZE RETAIL PLATFORM?
WHEN CHINESE CAME IN PRICED
BELOW DUMPING.
WHEN AMAZON DOES IT WE CALL IT
INNOVATION.
DIFFICULT.
THAT THE INITIAL REACTION WOULD
IT WOULD BE A ROUGH ADJUSTMENT
PROCESS.
THERE IS NO FREE LUNCH.
IT IS IMPOSSIBLE TO IMAGINE
THERE WOULDN'T BE LOSERS HERE
BUT YOU KNOW, I'M VOTING WITH MY
I BELIEVE AMAZON AND AWS IS TWO
SEPARATE COMPANIES WOULD BE
INSTAGRAM IS THE MOST VALUABLE
PLATFORM IN THE WORLD, WOULD
TRADE AD INCREDIBLE VALUATION.
I'M NOT CONVINCED SHAREHOLDERS
WOULDN'T CONVINCE, WOULDN'T
BENEFIT FROM A SPIN OF THESE
COMPANIES.
NEIL: ALL RIGHT.
MIGHT BE FORCED ON THEM ONE WAY
OR THE OTHER.