35 Burst results for "FTC"
Sexual abuse allegations surface in fighting game community
"Once again, not the happiest of weeks when it comes to sports, I'm just. I'm going to be real with the listeners here new age. Not The happiest of weeks we had an ups and downs right like after it. I say weeks. It feels like it's been weeks since our last episode with all the news that broke and. A couple of days. We've basically seen whole gaming community after we did A. Lovely Documentary Review. I felt like on one of the best documentaries I've seen right the smash brothers a lot of fun to do that in watch it in and then to see all of this as like well. That community just killed itself off essentially now. with on I'm sure with you know. Obviously. News is changing every single day. It does look like it's more of the ultimate side. It seems like it's more of the new school. Kids and not so much the crowd, so maybe we'll give him that. Maybe that's just me with my Malay glasses on like i. just want those guys to be good I. Don't want them to be pedophile and shit like that, but that's what gets me right. Is We finish the show? Last episode. I mean it was more so just kind of still talking about sexual assaults around like counter strike in things like that, and like we said like what do we say like with doc? Right is look sexual assault or sexual assault. You never want to see it. You never do, but if in this world there's going to be bad thing so if you have to pick one like. Make it to where it's? And it's just you know whatever I don't WanNa. See Pet of I. DON'T WANNA. See Pedophile. That's where I get emotional. It's where I'll get upset and it's not really fun to talk about and Lo and behold the FCC was like. Hold my controller. Watch this and it's like you. You saw one story news and you're like. shed. That's bad, and then like another one came after you're like. ooh, that's actually worse like I don't understand like. We've gone from words to action all of a sudden. Words are bad enough. And that it wasn't even like you saw one thing, and like okay, and then it was like everyone would tweet like. Oh well, this person knew about it. That person knew about like everyone in the smash scene, and the fighting game seemed kind of loosely knew all of this was going on the whole time. But regard for whatever reason ever said anything or never felt like they were in the position to, or they felt like it should have been handled behind closed doors which I'll say this because I've seen some people tweet out about it Richard Lewis. This is like he's loving. This in the sense of he can finally take shots back at the FCC for how they treated him with illeg, which was awful like. We've talked about on the show. Before the way, the FCC response to outsiders, coming in is like the worst I mean hell. We've even seen it trying to get into some of these fighting game events where they're like. No like you guys aren't exclusively talking fighting each sport, so we can't have you in the FTC event, look. Bad about Yvo. Part of that crowd. Reason no reason yeah, so there's there's that, and this is not though in my opinion, even though this episode is pretty much going to solely be focusing on the FTC, I don't think this is an FDIC issue. I don't think it's a smash. Brothers community issue. I just think this is an issue like I. Think there's something that got out of hand in a group of people it's. The numbers are a little bit more staggering, obviously, upwards of fifty people involved and counting right. Yeah, like I mean it feels like it could potentially be the start and I feel like more stories and. victims will come forward, but. It's a little bit. It feels a little bit more prominent to me. In the in the community of FDIC at the moment compared to others like it's been spread out everywhere else you know like it comes to streamers, but streamers are not. Like their their own, also their own community, right big name streamers, so I guess you could say that that community is also flawed in my eyes, but that's not. As surprising just based on like the personalities and all that kind of take place in Edgy, sees kinda known to be like more like socially awkward in. We've set it on the show like I don't think you have to beat around the bush. especially. This time I feel like. If you got your shots, shoot them right. The FCC is weird. And before that was always kind of I said that as a compliment right like almost like. Hey, take it as a compliment, you guys. Are Weird. You really love your anime. You like your firs-. Your neck owes whatever your I get it. I get it put. It's your thing and whatever right? You guys are happy with it. You're weird, but it's okay. That's who they are. Exactly that's that's who they were. They were a different side of e sports. And now it's kind of like. Oh! No now it's weird. It's like the tone on that Tad different with me now where it's like. Okay I. You know as creepy it's. Weird alike it's a full of a bunch of creeps again. It's not everybody so it's not a blanket statement that we're talking about. Here is just the fact that there's so many players accused so many big name players accused. You saw people like in the. Narrow situation in particular like you saw people like. Telling them to do it, you know that the conversation that was leaked the person at blurred out the name, but they were able to figure out who was drawing a blank on that now, but they were like instigating them in like. Saying like yeah, this is like this is how it is like. This is okay. You know in, so you know. A lot of people knew about what was going on behind the scenes. Hell like these events are significantly smaller. These people are always together when they're going to them. Some of these events are like home style events. Still you know and so It just. Leaves a really bad taste in your mouth, because of not only the the high volume of people. It's the people that are involved. They're high profile individuals in I. Think the fact that it seems like the lot of the community knew it was happening. In worked trying to stop it or weren't helping out,
EVO 2020 was cancelled
"Yvo Twenty twenty has been canceled due to various sexual abuse allegations. Yvo Is the biggest annual fighting game tournament in the world, and even with the covid nineteen issues plaguing everyone on the planet. The tournament was soldiering on with plans to make it fully online. Earlier this week, however that all fell apart, and in order to learn more about it, I called on Imran Khan to explain everything Imron. Come into the gaming ride home show again for having me Yvo was canceled. And I just want you to give me the full story. What happened? Why was it canceled? Everything start from the beginning, so ego is the biggest fighting tournament in America Kinda the biggest in the world. There's like some discussion about that at this point, but ego is basically where fighting games have been aspiring to for the last twenty thirty years and listening started in the ninety S. This year, obviously because of covid kit have their usual Mandalay Bay Las Vegas big gathering of fighting game players. So this year they ended up canceling I place. Eve Online Eve online was a different thing where the. Mainly, got games together with like Netco like mortal Kombat eleven and them fighting her indie game that was originally based on my little pony, but basically it was A. It has to evolve brand that could stay around despite not being the big mass gathering tournament that they expect over the last couple of weeks. There's been a bigger. industry-wide movement to out sexual predators in gaming and the gaming industry, and some companies have been hit harder than that are with that bubis off for example, but for the most part it's. It's not a huge thing within the FTC. Because the FTC's always kind of had a reputation of like. Being a bit more open with their sexual harassment and it's always like. It's never been to a level of. A mass critical mass. Joey quilter this past week yesterday in for yesterday in fact was outed by a player. Named He's just does mikey. He goes online and is after the tag is crack. Peron but George Taylor. Who is the head of the current? President Vivo who founded it with Tommy Tony Kanaan. was outed for experiences when he was. Close, to twenty, where they were southern golf land, which is an amusement park in l. a.. That mikey accused him of basically. Paying money to young kids to take their shirts. Germany polls mikey related experience where he said quarter. Paid him twenty dollars to see his genitals inside a restroom and bought him pornography so. It's IT'S A. It's a larger thing that when you look at it from the perspective of not a child who just thinks they're having fun. It's real creepy, but what is conditions came out. Other people's Front, also coming out of the woodwork, saying like more finding old chaser people were talking about doing these things, but not naming names, and now that it's out. The floodgates are broken out. Yvonne immediately went. No, WE'RE GONNA put on administrative leave and check this out, so I mentioned Tom. Tony Kennedy before their more famous like they are obviously co-founders of ego, but there are more famous right now for being developers of Product L. at riot games so. They had to step in for this and go okay. We're looking at this right now. We're investigating and seeing what happens. It did not take very long before nether realm. I believe the first one like say. Are Involved with ego involvement in that sense means we don't WanNA game there. We're not going to earn any money towards prize pools. We're not doing any advertising which is fairly big deal. Arguably moral combat was like the lead game for that tournament. Right for the online tournament. Yes, Merle come at usually has a hard time with like the in person tournament. Fighting community hasn't really take to that game too well, but as an online net code game like for example, smash brothers was canceled for Eve online because the net code. Isn't that good, so this is more time to shine. The actual like really arguably was streetfighter as it is every year. This year. Are Not meeting her, but a little bit. After another canceled COP CANCELED IN ONCE CAPCOM cancels gets away from ego. Then that's that's the ballgame lets. Everything goes away soon after main sex developers of them biting heard who this is their big chance to become A. Kind of a household name and if I didn't need community, they cancelled. Bay Namco canceled and ran into that ego are the canons came out with a message from as ego saying? Hey, we were cutting for joy color. He is not president anymore. In the future, he will have zero involvement with the organization this not he's going to not be on. He's going to be on the board, or he'll be the FCC or he'll still kind of tournaments. They're cutting it off completely. Shortly after that they also that announced, we can't under these circumstances and this change in organization also do evil online in a couple of weeks in August. A month or in August? I. Know that screws over a lot of people, but. It seems like honestly the best. Call right now of. You'RE GONNA have to go through with work. That joy has done or you're going to have to. Try It's from scratch. Cobble together in event that takes at least a year to actually set up and try to get together in a couple of weeks. Yeah, I mean they just they basically. Got Rid of the boss in the most public way, possible right I mean it's it's you can't just like recover from that in a matter of weeks. Really Yeah, it's. It is one of those things of a lot of this is. Probably high time for the funding community insert reckoning with a lot of these things, because it's an issue for a number of years, it was I. I don't know if you recall but a about eight years ago, there was a street fight across capcom across Tekken. Show online, and it ended up ending as a result of some sexual harassment claims, and those a big divide in the community about like whether sexual harassment was a just a part of the culture or not and. Stuff like this doesn't help that argument. No I mean I like you, said earlier I mean like. Feels like the right call to elevate it, and as disappointing as it is for Yvo to be cancelled like it's a big flag for like we need to address. This is if we're going to cancel this event because we need to look at ourselves internally and I think I. Mean Hope the hope is that they come out better on the other side. I mean it seems like this is one of those things where. I. Hesitate to say Covid kind of save them but. If. This were an actual in person things still at Mandalay Bay then they wouldn't be able to cancer that quickly an online tournament. Shuttered a lot more easily. The bigger question now is what happens next year.
EVO Cancelled After Accusations Towards Co-Founder Mr. Wizard
"Amid dreams and the sports minute presented by e sports network. It's just the Cherry on top of what was a crappy week in sports and the game community as large ego is, or maybe I should say was one of the most prestigious events in east sports as the top event for most fighting game titles. This year, the competition and moved online due to the pandemic, but after allegations of sexual misconduct towards Joey. Cuellar the CO founder President. Eve Online has been outright canceled Kular, better known as Mister. Wizard was accused of acting inappropriately towards teenage, boys, Multiple Times mikey crack prawn fan was the one step forward. The allegations publicly after those allegations went public Capcom nother Rome and band dynamic. Oh, all pulled their gains in the event. In addition, casters players also pulled out leaving Yvo, no choice but to cancel the event Yvo says sever all ties with cooler going forward, but he was a key part of the creation of Yvo and actually decision event from its Co. founder will be difficult. Defining game community was splintered this week. This is just one of many many allegations. Put forward by various. Various members of the community for much larger conversation about what's happening this week. The myriad of allegations and the lasting effects on the FTC I've just published an east sports network podcast episode with fighting Gabe writer Danny. Howard we cover these topics in depth, my condolences and the goal of sports network go out to
"ftc" Discussed on Consumer Finance Monitor
"Think Great, question, Allen, but I, but I will say one of the advantages of Many advantages I guess of working at an independent bipartisan agency is a lot of things like that. Just don't change, so you know we we have You know worked hard to make sure that we are a good partner. with the faith with other federal agencies throughout various administrations and I don't see that. That at any point you know, it's beneficial for consumers for that to be the case, because different ones of US might be hearing about different issues and different scams and and a lot of times. You kind of partnering our thoughts, or what were you? Hearing is helpful and at the same time we also like to make sure we're coordinating because we want to avoid duplicating efforts or Or double teaming industries, so for example with the CFC be. We have an do that that we used to kind of notify each other. Every time we opened an investigation or bring a case, so we can kind of see what the other is doing and making sure that that we're using our resources wisely. You know a great example of wise important for us to coordinate no matter what. What has been cove it, you know that's something where we have regular calls with the CFPB and with say Jeez, and we talk about various issues that consumers are facing, and we've been able to help each other with targeting that way, and I think that's just kind of one really important example of US working together to make sure that we are all being vigilant and protecting consumers. Right now I WANNA. Go back to you. Andrew and that is the the the FTC CFP be joint workshop on the accuracy of credit reports Is there any plan by either Boise? The agencies to issue a report on that workshop and I'm wondering if you could just discuss briefly the highlights of the workshop. sure on whether we're going to issue a report. I don't know what the answer that is and I and I should you know. I will ask the staff responsible for typically we do report out and our the results of our workshops. Even if it is you know, we have this sort of hierarchy of different types of reports, which would mean nothing to anybody outside the commission, but frequently what we'll do as well issue what's called the staff perspective, which is a little bit more informal and and and rather than an actual report of the commission you know by the commissioners, so I would hope that we would be able to report out something about the accuracy of of credit reports. I think this was. One of the reasons why I wanted to do this.
Executive order takes aim at social media companies
"Earlier this week Twitter reddit a fact check label to to trump pose that made unsubstantiated claims about mail in voting trump responded with an executive order on Thursday that aims to curb some of the legal protections social media sites have regarding content my executive order calls for new regulations under section two thirty of the communications decency act to make it that social media companies that engage in censoring or any political conduct will not be able to keep their liability shield undeterred Twitter flagged a trump tweet on Friday for violating its rules against glorifying violence my guest is noted first amendment expert Eugene Volokh a professor at UCLA law school you can explain the liability protections that Twitter and other platforms get under section two thirty sure so let's say that somebody publishes something in a newspaper that libel I can do the newspaper and that's true even if it isn't a letter to the editor the newspaper liable as the publisher are things that it could know what someone live with me in a book store well in that kind of situation I couldn't sue the bookstore but it has certain protections treated in the distributor so I basically have to put on notice first but the book at live at the teller complied with me explain why that that point if the books to keep that up I can third question when somebody liable to me over the telephone even though they had back when their answering machine messages and outgoing and during wishing that people call the number they gave me something like a look about me you might call that a platform rather than a publisher distributor the telephone company is completely immune from liability likewise left the company live with me in email and night all up Google and say Gee email messages are being used to live only please cancel that account Google is also immune from liability and would be even in the absence of any federal statute so in nineteen ninety six Congress that that online service and content providers should be treated like like not like publishers like newspapers not like distributors like bookstores but kind of like the telephone company or any email they should be completely immune from liability from things other people that's why for example I can have comment on my blog without hearing that I could be shoot anytime somebody posts something presently liable to an account and that is true even in the online service or content provider does some screening either some screening with him after the fact removal so I'm going to be immune from liability for comment the people because even if I occasionally delete them comment that the car had the little girl personally insulting or for that matter I think they might be liable so then his Twitter within its rights to fact check trump posed with a link or even delete it you have to question one is to do with adding links perfect and that is your exercise the first amendment right Twitter speaking not Twitter blocking each responding to speak with a thought indubitably Twitter has a right to do then we'll have a right to do that even without federal section two thirty second question is what if Twitter delete that too is within its right under section two thirty it might also be part of the first amendment right you could argue that just like a newspaper has the right to refuse to publish something Twitter should have the right to delete things well that's a little bit of a closer call with me under section two thirty Twitter is indeed allowed to do that and what's more like there's some law out there that says service providers must be even handed in their actions with regard to post war cannot delete any posts even in the absence of section two thirty there wouldn't be any statute or the common law principle that requires Twitter to hold everything just like there's no rule that the bookstore after distribute every book that people ask it to district the border seems to be pushing the FCC to issue rules under section two thirty one of the things that is contemplated at least the draft that I have is actually having the secretary of commerce publication for rulemaking with the FTP asking that the entire property section two thirty in a way that limit service providers ability to block certain content it's not clear that the FTC has the regulatory authority to try to enter protection to thirty that way in any event it seems to me that the section it's pretty clear in allowing service providers to block whatever content they find objectionable so I don't think that that's going to go anywhere but at this point of course the call is to ask you to do something certainly the president is entitled to ask the FTC to do something the question is what can the FTC doing what we're in the midst of this on Wednesday the DC circuit court of appeals rejected claims that Twitter Facebook apple and Google conspired to suppress conservative views online tell us about that decision even in the apps section two thirty there's no legal rule that requires service providers to be air in what they allow and what they don't allow just like there's no legal rule that requires a bookstore to be even handed in the book by the seller that was the problem that the plaintiff there they claim to that social media companies generally we're discriminating against them because of their conservative political views but what about the family the person I am now that the court first amendment by the government it doesn't bind private social media company however important and powerful they might be second they said well this is a violation of antitrust law because there's this conspiracy when the court today no evidence of a conspiracy they've given no evidence of anti competitive agreements it's true that service providers do try to delete certain kinds of material that they find offensive but it doesn't show that that there is any violation the recursion was clearly correct in fact similar claims that's been brought before and been pretty much unanimously rejected by all the courts that have
FTC warns some facilities forcing Medicaid recipients to sign over checks
"A warning for nursing homes as we hear from Beth Myers state Attorney General Mike hunter is warning nursing homes and assisted living facilities in Oklahoma that they are not allowed to require their residents receiving Medicaid to sign over their stimulus payments he says the payments are considered a tax credit and they are not part of federal benefits programs like Medicaid hunter says his office has it received any complaints as of yet but he says he is monitoring the situation and will take action if
How Hackers Are Taking Advantage of Coronavirus
"Hackers and other scammers out there are taking advantage of the global pandemic. What you believe it if I told you that there are people out there who are trying to take advantage of the situation. We're seeing scams rise. It's very interesting anecdotal evidence. I'm all of this out there right now for more on that want. It gets Yahoo Finances. Ethan Wolfman who has the details on what are what are really the worrying trends. We're seeing develop out there right now. So there's a few things and breakdown in two different ways right now. We've been seeing some interesting kind of bizarre piggybacking on the kind of labor market chaos which is interesting One cybersecurity firm. I talk to Expected sort of this fake resume with Malware tucked into something. That is a growing concern. This is something that happens. Routinely another company told me that about one percent of all emails. Hr have another malware But that there's all these sort of new innovative pretty expensive malware. That isn't yet able to be caught by a lot of these filters and so this is something that they're seeing happening Happening right now and as people apply for new jobs. More resumes get thrown around. This could be a problem and on the converse side of this people. Worry that there could be a lot of scams towards individuals who are looking to get job offers. So that's sort of scary but I the craziest thing which we saw last night and I dove into this today is in Washington state and a few other states there have been the quote is hundreds of millions of dollars have been Taken from Unemployment benefits that is just bananas. I mean that is a huge huge number. Obviously we're talking two point two trillion and the total amount so I. It's not everything but this is a lot of money that has been able to be siphoned off mostly because states do not have the time to check all of these things. They need to make sure that money gets people and so very cleverly a lot. A lot of these claims were filed by these scammers using the old information like from breaches like Equifax and other kind of major major kind of hacked. But the thing for me here is we have a huge problem in explaining to people why it's bad that all of these social security numbers get hacked. Well now we know why because of all out there. I guess there's a difference between now and then some of these scams that we're now more privy to anything about Nigerian prince or or whatever fake emails might be sent our way but now also on top of that fraud another thing to watch out for as well the attacks just as much in terms of quantity or perhaps even quality on the more personal front right now emails getting sent to individuals rather than maybe companies are government entities. That's really hard to say. We've we've seen a lot of anecdotal evidence that this is true but some of the firms that I talked to said that a lot of the stuff has kind of maintained pretty flat. It is especially difficult to say because a lot of a lot of shame associated with reporting that. Hey I got scammed on something but we know that the the FTC and other government agencies have been for sure upping their communications about potential scams generally actress respond to the crisis. Is Your and right now with so much. Chaos the labor market public health worries It's really makes a time for various sorts of scamming and a lot of people's guard is not where it otherwise might be and so I think that's something which will when sort of the dust settles. We'll see probably a very large uptick in the room. You're a lot on top of mind in terms of the health front. Maybe not necessarily some broad front as well. Nothing be shamed of another best of us are the most man island that Free Shit. You bringing us
FCC approves tougher restrictions on robocalls
"FCC AFDC tells service providers cut up the COVID. Nineteen Scam Robo calls. Otherwise companies will face serious consequences they Kevin be of stop robocalls to begin with the FCC and FTC on Wednesday demanded gateway providers cut off traffic with Kobe. Nineteen Related International. Scammers are serious consequences. The Scam Robuck robocall campaigns included Fault Service refunds related cove in nineteen and baked calls about social security account being suspended during pandemic. I got one of those today. It was an eight eight number. I said that name looks familiar. I answered it and it was exactly that it was it was a scam call about social security accounts being suspended and I just I listened to it and I laughed rob fifteen seconds and I hung up on and So the SEC. Wants done within the next forty eight hours. Well when was written? Let me look at it yesterday while they didn't get her done yet. Because I got a call today
Miami - Attorney General Warns Nursing Homes Are Taking Residents' Stimulus Checks
"Florida's Attorney General says nursing homes cannot claim residents stimulus payments the Federal Trade Commission says facility operators around the country have been seizing the stimulus checks of residents on Medicaid Attorney General Ashley moody says you have a loved one in a nursing home or assisted living facility ask if they've gotten their stimulus if not ask management if they're holding it and if so contact her office the FTC says some operators justified the seizure by claiming the stimulus is a federal benefit but cares act payments are classified as a tax credit and they're allocated to individuals
Federal court approves $5B Facebook settlement with FTC over Cambridge Analytica
"Facebook will be allowed to settle with the Federal Trade Commission over the Cambridge Analytica privacy scandal. That's according to a federal judge is ruling on Friday. The five billion dollar deal was originally Corinne last summer and it included some restrictions on facebook's business decisions and ongoing oversight of the social media giant in addition to the fine but since the settlement was first approved privacy advocates have argued that it doesn't do enough to punish facebook for some of its illegal actions after the judge allowed detail arguments from both sides. He sided with facebook and the FTC.
BBB tips on avoiding coronavirus stimulus scams
"The better business bureau is already seeing coronavirus stimulus related scams scammers reach out to consumers in the U. pretty common to also email social media either even if the Vance protect messaging right now to let the consumer know that their stimulus check available that's something that a lot of folks have been on the lookout for right now the only problem is that you get that they're asking to confirm their banking information and once those details are released they're out there in the wrong hands B. B. B.'s been Spradlin says there are red flags to watch out for contracted by the government via social media there's a good chance that the scammer that reached out to you another thing they're seeing for asking for you African sure to be a profit things the in order to get their government grants that's something the government will not ask you to do it that's a good way for scammers to get a hold of your your banking information what should you do if you become a target for one thing you want to do with what your local law enforcement dealt is something that's happening you can also turn to the Federal Trade Commission so what the FTC noted this is something that happens they've got resources basically those related
"ftc" Discussed on Geek News Central
"Per hundred patients. It makes you think a little bit here now if I was family member that have lost a loved one here in the State of Michigan and they were refused the access to this drug. That was at least for two weeks on the radar being known to have had success in France and also had been using it as gentle regimen in China. I think I'd get myself an attorney. It's any say we're GONNA save everybody but at least two studies says it's looking pretty good and and hospital. Physicians and nurses in New York are using it as a prophylactic. The basically protect themselves. Now what is this just to be clear? We know that this is a malaria drug. I took this drug for months on end and doxycycline as well took a variety of drugs to the to prevent malaria when I was travelling overseas for many many years and especially in the early eighties being in places. Even after. Got All my shots. The is on the stuff for years. They care about my heart. They didn't want me get malaria. So I was using it as a prophylactic as a preventive measure to catching malaria not to treat malaria. So these doctors and nurses I think are on track here to have done what they've done and yet in this state out of spite or whatever reason she decided to threaten doctors with administrative action if they used it and I am just not happy. I know a few other states did as administrative actions to stop Dr Shrum like prescribing it for themselves and further their their parents and their kids. But if you got doctors that WanNa do that for the parents or their kids. Then they're gonNA do that for the patients you know. I think all of us would probably at this point with like to have her hands on a little bit of that supply. People say oh. Never take a drug without your doctor's permission she whatever and a lot of people do and have and will do in the future into that at your own risk and I'm not saying we should Be using that when people are dying but after this is all over I can absolutely guarantee you there will people going online ordering this stuff from India and bringing it in and stashing it. I don't Care Peo- don't do that. He would just go ahead. Go about your business so anyway. That's kind of my my irritant right. Now we'll open up the call line at the end of the show today again. You WANNA call in. Mbc Those you watch live if you WANNA stick around get through the actual tech stuff here said me bitch about the doctors which doctors the governor and not complain about the doctors. They're doing they're doing heavy duty right now. They need all our accolades and support. But when I'm a don guess I'm done here talking about the government we can move on but some of you including can't wait to hear Adam Curry in the no agenda. Show talk about this announcement. The FTC today has announced that they're going to sue to unwind Marlboro. Yes the cigarette company. They're twelve point. Eight unwind their eight twelve point. Eight billion dollar investment and. We talked about this on this show. Many vaping maybe you don't care but the two companies are accused of illegally restraining trade. They were the ones that really had a lot of influence. Had stuff run through Congress disc simply destroyed other competitors and At the time even people upset within jewel due to the sudden hypercritical stance of claiming to be a way to help people quit smoking. And then having a mid major investor that was to- tobacco giant S- according to the FTC. The partnership came up after Ultra Algeria. Which is the company that owns brands like Marlboro and Virginia? Slims agreed not to compete with upstart getting exchange for that big steak and It did they conspired and a really bay really turned the tables on a lot of companies in all this stuff about strawberry flavored vaping. And all that stuff all those flavors they were instrumental they were ultimately instrumental in pushing for that band. Now I don't care if you've ape. It's that's your business. I don't care if you smoke drink with that. That's your choice right and I don't care if you smoke and the kids are going to be smoking. Strawberry vapes well. The kids will be smoking. Cigarettes O- otherwise a but anyway the flavored vapes are gone and now jewel is the. Ftc ARE GONNA come ahead. I hope they just get a ripped a new one day. Be Honest with you. I hope the FTC comes down really really really hard on them. So Yeah Greg. I won't read your comment on the Air. Live but yeah. I wonder if she would've one one could only ask one could only wonder so anyway. Hey thanks for being here for you on. If you're watching live make sure you say hello. You know where I'm primarily the watches on facebook's if you're on youtube or if you're on on On twitter wherever it may be just come over to facebook dot com for slash Cochran. You'll find me there. You can participate the public stream. Come over and say hello. Next thing up Amazon is GonNa Stop Selling Ninety five and surgical masks to the public. So if you're trying to get just a surgical mask nothing. That was an ninety five. You can't you're done you can't order these anymore. It will prior tries hospitals in governments instead so now my sister the other day. Kim. She's a nit a nigger and she was knitting. Some mass is town. I said That's not going to help in any way shape or form she goes. No no no. This is going to go over the mask and I'm like and then you're just going to have another thing you gotta wash. So I know they're making mask and people are selling stuff and it's going to be a market. That's going to be big huge from now on but you're not gonna get it through Amazon They're gonNA privatize hospitals and governments instead I have one one and ninety five mass that I found one. I don't have ten I have one and You know what good is is one you can use it for one day and you have to throw it away or whatever unless you have one of those machines but no one has those except for hospitals now. So that's the news out of What's going on with Amazon? Some Updates T. mobile has merged with the sprint except California's pissed because they went ahead and did it without California's permission. So I guess it's better to ask forgiveness and asked for permission the California whatever the tax board or whatever that group is there you know the the twenty five layers of bureaucracy in California to do business and it's really that level of bureaucracy Basically told him to wait till the sixteenth. But I think T- moments sprint is just about had enough so don't worry it doesn't change too much with more than one hundred million users to carries a now have a custom race closer to skill to larger rivals. Eighteen Bryson There'll be a big change coming especially for sprint customers. Who all of a sudden a new provider from devices and five G. to rate plans and features and Here's the main thing your phone's going to still work Just because of mergers closed does not mean that your phone will no longer connect both Tim O. `Esprit networks will be up and running in devices that connect them should be able to do so for now for any for without any interruptions with Britain joining t mobile users on both networks. You start to see improvements in coverage in fact this process has already started with T. mobile expanding roaming agreements let sprint users onto its network. As part of his response to the pandemic and So it's just going to happen automatically you get free roaming. Is this all one company now? But we'll see what happens over time with billing and five G. and plans and all that stuff so that is sports coming but now they are once so sprint lives to see another day and T. mobile might be able to compete a little bit more with the with the big boys and Depending on where you live here. I live out in the country. T. Mobile is is by far king? verizon is close behind. At and T. is absolute and So we'll see what happens there. Facebook has debuted. Check this out. Don't think the corona virus didn't affect them they they debuted a standalone messenger. And Mac. Excuse me a messenger APP for both Mac and PC's so now you're gonNA have video calls and chats to your desktop again. It's a separate APP completely. It's not tied directly to facebook so That's big news on on that front So again you can do in unlimited and free group video calls. The desktop at will sink across mobile offer notifications for new messages and support dark molding gifts in the past month. They split says it seemed more than one hundred percent increase in people using the browser of course Their desktop browser face yeah using messier. I guess so. You'll never longer have to juggle browser tabs and windows. It's a separate APP all by itself. Okeydoke we'll see what happens there zoom. They they have really they really really really have. Come under scrutiny. I did four zoom.
Coronavirus scammers are seeking to profit off the deadly virus
"Let me shift now to Washington DC and fin St that's the financial crimes enforcement network FinCEN is warning consumers of scams as a result of cuvee at nineteen imposter scams people who attempt to solicit donations from you wore to steal your personal information or in certain malware into your computers how do they do it by in person meeting employees of the CDC or the world health organization or other health care organizations so be on the lookout for imposter scams also be wary of investment scams outfits were individuals were falsely claiming that they've got products or services that can prevent detect or cure coronavirus also the FTC and the FDA are warning about products Ganz unapproved or misbranded products that make false health claims from treatments of the virus to the effectiveness of face masks and finally insider trading since M. reports suspected cases of insider trading related to covert nineteen if you happen to have inside information of a company that is making a product or providing services regarding the virus it is illegal to trade on non public material information it is also illegal to share that information with others who later trade on that information if in doubt don't do it meanwhile the A. A. R. P. says almost half of Americans say they've been targeted by one of those imposter scams one of eleven have been hit with the grandparents scam where somebody calls on the phone claiming to be your grand child don't tell mom and dad I'm in trouble but can you quicksand money to everything from bailing them out of jail to fix some broken down car in a remote location almost ten percent of Americans have been hit with that scam also fifty percent of those using dating websites say they've seen a red flag of romance fraud twenty five percent say they were told by their love interest that they worked in another state or country or had a very busy schedule made it difficult to meet in person nowadays are able to say I can't see you in person because of cove it were all required to stay home meanwhile twenty percent say they've been asked by their love interest to send the money with promises all repair you specially with covert now I'm out of work I need money I have to buy food hi medicine pay my rent twenty percent say they've had warnings of this type and then there's the government employee scam as I just mentioned from sin from fence and four in ten say they've been hit with that scam and only three in ten say they're aware of the new census scam because it is a census season and people are running around the country claiming to be with the census and therefore want you please give me your social security number so you need to be very careful of all of these scams in the midst of our efforts to help them care for our
Scammers Prey on Coronavirus Outbreak
"Com let me shift now to Washington DC and fin St that's the financial crimes enforcement network Finn St is warning consumers of scams as a result of coveted nineteen imposter scams people who attempt to solicit donations from you wore to steal your personal information or in certain malware into your computers how do they do it by in person meeting employees of the CDC or the world health organization or other health care organizations so be on the lookout for imposter scams also be wary of investment scams outfits were individuals who were falsely claiming that they've got products or services that can prevent detect or cure coronavirus also the FTC and the FDA or warning about products scams unapproved or misbranded products that make false health claims from treatments of the virus to the effectiveness of face masks and finally insider trading since M. reports suspected cases of insider trading related to covert nineteen if you happen to have inside information of a company that is making a product or providing services regarding the virus it is illegal to trade on non public material information it is also illegal to share that information with others who later trade on that information if in doubt don't do it meanwhile the A. A. R. P. says almost half of Americans say they've been targeted by one of those imposter scams woman eleven have been hit with the grandparents scam where somebody calls on the phone claiming to be your grand child don't tell mom and dad I'm in trouble but can you quicksand money to everything from Bellingham out of jail to fixing a broken down car in a remote location almost ten percent of Americans have been hit with that scam also fifty percent of those using dating websites say they've seen a red flag of romance fraud twenty five percent say they were told by their love interest that they worked in another state or country or had a very busy schedule may be difficult to meet in person nowadays are able to say I can't see you in person because of cove and were all required to stay home meanwhile twenty percent say they've been asked by their love interest to send the money with promises all all repair you specially with covert now I'm out of work I need money I have to buy food buy medicine pay my rent twenty percent say they've had warnings of this type and then there's the government employee scammers I just mention from sin from Vincennes four in ten say they've been hit with that scam and only three in ten say they're aware of the new census scam because it is a census season and people are running around the country claiming to be with the census and therefore won't you please give me your social security number so you need to be very careful of all of these scams in the midst of our efforts to help them care for our loved
Supreme Court Eyes The President's Power To Say 'You're Fired!'
"At the Supreme Court today the trump administration is trying to make it easier for the president to replace the heads of the country's independent regulatory agencies. The administration is asking the court to restrict or reverse a decision that dates back more than eighty years. Npr legal affairs correspondent Nina Totenberg reports in two thousand eight the. Us economy was on the brink of financial disaster. A rising number of homeowners quite simply can't pay their mortgages for closures have hit a record high. The National Association of Realtors reported the worst month dropping existing home sales since they started keeping track in the late nineties. Further meltdown in the mortgage market had investors. Heading for the exits in two thousand nine. Congress sought to reestablish oversight and regulation of the financial system among the remedies enacted was a law that consolidated powers from across seven agencies into one call the consumer financial protection bureau. It was placed in the offices that the Federal Reserve and funded by the Fed. The new agency was charged with preventing a repeat of two thousand eight financial crisis. Richard Cordray was its first director for the baby. Had two roles one was to try to prevent an economic collapse of that kind ever happening again. And that was done largely to putting in place rules that safeguarded the mortgage market and ferreted out. A lot of the irresponsible and ultimately failed lending that had occurred once in place. The bureau moved aggressively to protect consumers from bad actors in banking and other financial services also in the CFP BE SITES. Were Bill Collectors. Telemarketers and others accused of misleading practices among these was the Salem Law Firm in Los Angeles investigated for charging consumers illegal. Upfront fees for debt relief services the CFP as part of its investigation demanded certain documents from the law firm. The firm refused contending that the structure of the agency is unconstitutional. Because it's director cannot be fired by the president at will instead the bureau's director like the heads of other independent federal agencies can only be fired for cause meaning malfeasance inefficiency or neglect of duty lawyer? Andy Pinkus who represents the Chamber of Commerce explains the theory of our government is that the popularly elected president will appoint officials and remove them. They're not doing what he wants. So if you take away the president's power to remove someone Then you're drastically limiting the political accountability of that individual that view however lost in the lower courts and the sale affirm appealed to the Supreme Court backed by the trump administration central today. Argument is a case dating back to nineteen thirty five. When President Franklin Delano Roosevelt tried to fire one of five commissioners on the Federal Trade Commission over his policy views. The Supreme Court ruled unanimously. That Congress created the FTC to perform quays judicial quasar legislative functions and that the president could not therefore dismiss its members the way he could members of his own administration the sale firm and the trump administration will argue that. The CFPB is different because the bureau's power was placed in the hands of a single director instead of a multi member commission again lawyer. Andy Pinkus multi member agencies the way they're structured our system have to have people from different parties. The president picks the chairman who has a lot of control about how it operates. The terms are staggered. So most presidents will have an opportunity to appoint a number of those people because the trump administration is not defending the CFP structure. The Supreme Court appointed lawyer Paul Clement to argue on behalf of the Bureau Clement notes that there are other single-member directors the government who cannot be fired by the president will among them the control of the currency and the director of the Social Security Administration. The constitution says nothing about the president's power to remove officers confirmed by the Senate pointing to that fact Clement notes. There are literally dozens of independent agencies. That control everything from monetary policy to the stock market to public health and Safety Clement says that the consequences of invalidating the CFP structure could be dire. The issue in this case is like the thread on the sweater. That if you start tugging on it and you tug on it hard enough. Potentially the whole sweater comes undone and the sweater here really is is the entirety of the whole alphabet soup of agencies that all have these four 'cause protections these agencies. He notes are often central to our economy. The Federal Reserve is a great sort of example of why Congress imposes these kinds of restrictions. Because there are certain issues in the world that we deal with the national level where it's nice to have a degree of installation for a discharging a particular duty where it's not GonNa Change with whoever's the president the trump administration however is willing to roll the dice in this case. It argues that if a single director agency cannot be distinguished from a multi member agency the court should reverse. The case decided eighty five years ago. That would throw into doubt not just the CFP B but independent agencies that comprise roughly a third of the government and not just those agencies but also potentially the rules that those agencies have laid down over the years
Is India becoming a Big Brother state?
"In India. Possible data is snowballing and people are calling for more stringent data privacy laws in response Narendra Modi's BJP led government has devised a new data privacy. Bill that is striking a different path. From Europe's general data protection regulation would GDP all however amid Watsa packing allegations against the government and the rise of facial recognition. Critics of this new. Bill say that it paves the way for a willion levels of state surveillance. Hit to discuss this with me. Is the FTC. Benjamin Parkyn down the line from Mumbai. Hi Benjamin I can you give us an overview of the data privacy conversation. That's happening in India. When did it I come to the foreground? The discussion really goes back about a decade. I suppose noticed when India started building the world's largest biometric identity scheme it's other program so essentially citizens would get a unique. Id that was linked to that fingerprint. So Iris Scan. So is incredibly powerful to and really help to streamline the delivery of government services for example vice minimizing bureaucracy but it was also seen as a dangerous too because there was so much intimate data collected in one place whether it was. You know biometrics nick. Thiel financial data and whatever else separately has been a really in many senses nearly unprecedented explosion of mobile phone use and Internet use over the past few years. I suppose China is nowhere else where hundreds of millions of people who previous had never used the Internet now have phones have facebook accounts. Talk accounts and a shopping. Whatever else definitely their friends. What do you think has been the catalyst for this bill in particular in two thousand seventeen? The Supreme Court in India ruled that citizens enjoyed a fundamental rights to privacy under the constitution that was largely a response to the other program but it created degree of urgency. Around this question of what to do all of the states what protections could citizens expect how could companies and others use it so a committee was formed than a draft personal data protection? Bill was put out in two thousand eighteen and in December the government the IT Ministry puts out a new draft at much change draft of the bill into parliament. So what does this data privacy bill? Acne prepares the bill is in many senses reminiscent of GDP although it's authors had envisioned it as inspired by GDP but taking a new path that would make more sense for developing countries. That's how they framed it. It contains all sorts of strong privacy protections but was also intended to help India's digital economy flourish on practical terms. It proposes separating out certain categories of data such as sensitive and critical personal data which will receive extra protection it has tough rules around. How users can process the data of children for example who had defined as anyone below the age of eighteen and it also has other provisions such as a right to be forgotten the ability to correct and erase your data online. If it's no longer accurate or whatever else so what's been the public reception than to the latest draft of the bill. You wrote that. The man who conceived and wrote the first draft has called it a Walian. Can you tell us why? Yes so. This is justice. Sri Krishna Rutan's who cream court justice. Who was appointed often that privacy ruling to help draw the original bill? He's been extremely vocal about the fact that he's disillusioned with it and that's because while in many respects it's even tougher on say companies than GDP. It gives the government a very broad brush to bypass the bill. Also the latest version includes this provision whereby the central government can exempt any agency from all provisions old privacy implications that would be introduced under this bill while Europe and lot of other countries provide a mechanism for say intelligence agencies to intercept. Communications will collect data. This is subject to legislative of the sites or parliamentary oversight as it was originally intended to in injustice Sri Krishna's bill and now it's not so his words. The government has caught lunch. Have you any sense of what citizens or civil society activists and even corporations have thought about this? Bill IS BEEN MIXED REACTIONS. If THIS BILL PASSES COMPANIES. Stand to have to deal with increased regulation. But I think even many of them recognize. This is a necessary step. However the government exemption which wasn't in the original bill has launched a lot of people particularly in the context of what is happening. India at the moment where they've been a little protests. There has been unrest in been a broader a debate about the state of civil liberties in the country the concern among not just privacy advocates but also people from the corporate world and all sorts of other is that this could backfire case it. Could you tell us you alluded to this? Could you tell us a little bit more about Moody's New Citizenship Law? The protests against it. And whether you're seeing instances over reports of surveillance and reports of people being critical of this sure so in December parliament passed a very controversial law suit provided a fos track essentially non-muslim religious minorities from India's Muslim-majority neighbors I Pakistan Bangladesh Afghanistan to citizenship. This was seen as undermining India's secular constitution it was seen as discriminatory against Muslims. Not least because there are persecuted Muslim minorities in some of these surrounding countries and it was also seen as positive ruled a agenda on the positive Prime Minister Narendra Modi's government to promote internationalism. The idea that India is a home. Nine Hindus it's also tied up in concerns that Muslims could be subject to future scrutiny and insecurity in India such as separate plans for Roy Citizenship Registry. By virtue of this bill they would be more vulnerable to Rica cushions from that. So this bill has set off. Huge protests and the response by the authorities has been seen as very heavy handed that bidden violent crackdowns there have been killings the been mass arrests. But it's also put India's civilians capabilities on show for example in Delhi Police started to use facial recognition technology at protests. For the first time something that was originally intended to help find missing children has now been used to help monitor these protests and identify suspected quote unquote rabble rouses and others who are seen as potentially dangerous and this is in itself alarmed. A lot of people.
Scale, Scale, Scale
"So I wrote about an acquisition happened a year ago back in two thousand eighteen. I think not too much thought was given about it at the time which was edge. Well Personal Care Company more commonly known as the makers of Schick razors acquired Harry's. Actually people listening to this. Podcast are probably more likely to be aware of Harry's than most other people because this is one of the podcasts sponsors. Everyone's heard the you know our factory in Germany etc etc and they started out as this sort of direct to consumer offering where you could subscribe to your razor again. It's a model that make sense. You wear out razor blades. New Ones instead of going to the store and having to get them you can get them shipped directly and at significantly lower cost than the incumbents and. They're not the only ones. There's another company Dollar Shave Club which was in this space and I wrote about in two thousand fifteen when they were acquired they're acquired by Unilever. And what made this different is at Unilever? Didn't have a shaving business so they acquire them. Nobody deal as an opportunity to write inching article about the ways that you could build these companies online and then look for this year. The reason to write about this deal now is the. Ftc came in and said nope can't do it. Check cannot acquire Harry's because it will be anti-competitive and frankly the FTC's reasoning is pretty compelling article. Check every where I quoted a fair bit from it just to sort of really land the point but they're big focus was always great that you were online with dollar shave club but once you started selling in stores they started in target a couple years ago and then recently Walmart there was a significant competitive reaction by Gillette and schick where they lowered prices in response and they offered more promotions and it clearly had an impact on the market and so the FTC argued checked edge while the parent company is acquiring Harry's not simply because of the cost synergies or the expertise that they claimed but rather to remove a competitive threats. They can go back to having very sensitive razor systems in Walmart and target and other offline retailers. I think I agree with you from the FTC. Perspective that is a very compelling argument. It's gotTa feel if your Haris having seen dollar shave club getting sucked up by Unilever. It's kind of feel like a bit of an unfed punch. The right yeah. It's an interesting point. This wasn't the point of the article but I did sort of refer back to first. Do No harm which we discussed last week. And there's some very queer sort of issues that come up with this rejection. I mean the first one is that if you're an investor thinking about investing in a direct to consumer company. This has to give you pause because you know the drudge consumer businesses kind of a Internet version of the CPG BUSINESS. Pg being consumer packaged goods. So Gillette for example is owned by P. and G. which is the GRANDDADDY OF CG COMPANIES. Unilever is another one edge. Well is actually a bit of a edge case because they're a single product. Cpt Company which is relatively rare. Why is it rare? Because there is huge returns that come to scale. There's huge returns not just in terms of management notch production but also the sort of key point of whoever's for CJ companies is shelf space this idea that you have a place in the store where users can access your brands and you can leverage that to get other brands in and expand your presence and then you advertise it on TV again. A scale play. These are companies that are all about scale and the implication of this being an industry. That's all about scale is that there's not that many players in the industry 'cause like if there's a real path to scale that means there's massive benefits of consolidation generally and also to watch your own brands that will take over that shelf. Space tends towards a few arts companies. It follows though that there's not that many companies to acquire these companies. And if it's made the case that actually if you watch the DC space the FTC is going to regard you as an challenger driving prices it will not allow you to be acquired. That means you're only viable outcome is to SAUL IPO in challenge. Pg In the long run. That's great if that happens but the odds of that happening are dramatically lower than sort of developing and building a brand and a product that consumers really value. Yeah so one lens on this. Obviously you want to look at the market. And you want to do what's best in this specific market given the circumstances. But there is definitely the lens that you just described. Which is what are the incentives were having on the various players in the industry? And how do we make sure we not creating perverse incentives such that? Yeah we do the right thing here but like as you say we end up doing harm. Further down the road reading the reasoning from the F. T. say I wasn't sure whether it would resulting companies not wanting to go head to head against incumbent or whether it would be a different version of perversion. Paps notice bad in that it would be the case that they would be dissuaded from launching retail businesses. The fact that it was in the specific traditional old school retail channel. That was the thing that caused the additional problems for them and if they just stayed online then that might have looked more like the Unilever dollarshaveclub example. That's exactly right so that's the second disincentive right to reframe what you said. It feels like they were punished for going into bricks and mortar in not just staying online right and again if you back up and narrowly makes a lot of sense but you back up and look at it. Big Picture like wait. Is this the outcome we wanted? So we have two outcomes. One investors are absolutely disincentivize from investing in this sector and number two. The companies are disincentivize from expanding meeting consumers in as many channels as possible because it just limits their options in their outcomes. It's kind of like because we want theoretically a p. and G. Challenger were effectively closing off every other possibility but that makes it much less likely. Whenever takes the chance to challenge. Png in the long run right because you know if you play in this space you have to go. All the way to becoming the full on P. and J challenge at not just that Harry's is but like you said to the point of becoming the next big consumer packaged goods companies like. It's going to go. All the way becomes a binary outcome. It's either zero or one hundred. Obviously when you make a binary like that it's a lot harder to make it all the way to a hundred or we'd have most PG companies right in that case what does the competitive advantage relative to PNG if the big thing in CPG is scale and you can't be a niche player. Then you know how you even going to get there. It's a real problem. It's a real challenge when paradigm shift because again this. Why put source of disagreement on there? It makes total sense right but the problem is it doesn't really accommodate a different paradigm in a different business model now this applies to the FTC. It also applies to Harry's and I think it's worth exploring why it is that Harry's felt the need to go into bricks and mortar and they're not the only ones like there's lots of these companies that are opening up stores that are going into Walmart going into target and I think that is also another question as we're sort of thinking about an unpacking and was sort of the big focus of this article. Yes let's do it so back in two thousand fifteen and this was in the run up to allegation theory where I've talked about four. There's like a series of articles where I was like boom boom boom boom white putting all these pieces together and then sort of capture together but the most important one I mentioned before was this idea of the conservation of attractive prophets which is from Professor Christian. He put this in his second book. Which was the innovator solution which is interesting. Because the solution also contains the theory of sort of low end disruption module already integration. Which obviously I sort of attacking thought was misapplied in the case of the IPHONE and I think rightly so but it's a testament to the point that I'm looking to argue and debate with Russia. Christmas dinner was looking to in the interest of figuring out the truth. Not In saying like you don't know what you're talking about which I think has been a mistake of some of his critics and this is a perfect example where this is probably the single most or one of the most important pieces of Irish theory of my general thinking about markets and is from the same book where we started this gas. Because I was saying that it's so anyhow this idea of the conservation attractive profits which I believe he actually later. Renamed the conservation of modules. Which I don't know I can go either way in the name but neither here nor there is this idea that if you have a value chain the company that extracts the most value from that value chain. I'm using the word value. What is the integrated player? So they put like two or three pieces of the value chain together and what happens is the value chain sort of organize itself around that integrated player and it will organize itself naturally into modular pieces. Because you know it's like squeezing a balloon so I think I've used this analogy on this podcast before. Actually but if you have like a long balloon and you squeeze one part. The air's flew out to the other parts
Michael Bloomberg is paying for sponsored memes. Any ROI?
"Earlier this month. Democratic presidential hopeful Michael Bloomberg hired a team of meam creators to post viral social media content for his campaign given the polls at the moment. It doesn't seem like it worked but we are definitely still talking about it. The sponsored content sidestepped facebook and INSTAGRAM's rules on political ads that actually prompted the company to create a new policy around sponsored content by politicians and since other candidates might catch on that influence or marketing is a fifteen billion dollar industry. We will probably see more of this as the year wears on Taylor as a reporter at the New York Times writing about Internet culture. I asked her first. Are there any regulations on how candidates use branded content? Well not really time that the FTC. Which is the Federal Trade Commission has tried to issue rules and guidelines around disclosure on sponsored content? It has not been effective. There's really no way to police these massive platforms. The majority of content related to politics is not sponsored. It's organic content. So when you look at you know who's generating the most online conversation. It's undeniably trump and Bernie Sanders. And I think that Bloomberg is trying to kind of make a name for himself online through this paid content but you have the vast vast vast majority of political content on these platforms discussing sanders and trump. Right what do you think is the relative of this kind of campaign knowing that it primarily targets pretty young users who either might be too young to vote? Or who historically have not been that active elections? I wouldn't say at targets that young users to be honest you know the accounts that posted these memes actually have a much older audience so it really is the millennial donors they wanted in on this. They're trying to make a buck anywhere. I think it's just worth noting that for Bloomberg to sort of be in the running on the Internet. He has to pay for it. He's not able to generate that grassroots. Support that some of the others from outsider. Candidates have so. Yeah we'll see if it's successful and if these people actually come out to the polls at will and it gets to this kind of like age old question like ever. Since there's been viral Internet content there have been people who've been trying to manufacturer Viral Internet content. And you could argue that. While some things do go viral. Maybe more than they used to in terms of brand it's still kind of an uphill strategy like. Is it something that no other candidate is going to try because it takes either so much money your time while again not to bring him up again but it's just sort of a sanders as a candidate who he himself is really the influence and he has gotten the majority of support from actual influencers like Youtube Stars? So you know. He hasn't had to spend a dime on that. Bloomberg's viewpoints don't generally have that kind of organic Young support on. But when you're a candidate like Bloomberg or you don't have that youth support baked in you have to essentially try to buy it
FTC examining tech exits could change the landscape in Silicon Valley
"The last week. The Federal Trade Commission said it would examine hundreds of past textiles. Does if they were hurting the competitive landscape big tech companies do buy lots of startups either to acquire technology or to get their hands on hot engineering talent. And this is a system that benefits venture capitalists in fact mergers and acquisitions is by far the most common way for BBC's to make back their money and then some and if the FTC puts a damper on deals well that could be a problem pocket. Russky IS AN INVESTOR WITH S. K. Benchers and he says folks are stressing. Oh I said no to. A colleague of mine was soon as I saw the headline. I was literally. Oh cap all caps. Oh my God so this is a bad thing. I always joke that the venture industry unim-. That's not really a joke. I guess is probably true. The VENTURI industry would not exist. Were it not for Friends selling to friends in the specifically meaning that former entrepreneurs who've joined venture firms knowing people who still work at Google facebook Microsoft and elsewhere and saying. Hey I've got this company we've invested in. Can you help us help fellow out here? I need to get rid. Get it off our books can you? Can You buy this company? Can you have a closer look at it And those kinds of acquisitions are the dirty secret of venture. That's not to say that they're bad deals. There's something nefarious going on. It's just those small acquisitions as he alluded to are a big part of what drives the venture industry when you get away from the really few high profile successes were you surprised to see that action by the FTC. No not at all. This has been rumbled for some time so no. I wasn't surprised I as a matter of fact I actually thought we'd see something sooner a so no. I'm not surprised I've just. I'm just satin so well I know I mean I wonder how might it? You know even even if it's not the kind of Bro Deal version of this story. Certainly companies can be grown in shape as part of the pitch right to say this is an acquisition target for Google. That's why you should give me money. Oh one hundred percent like how is this going to change? You know business plans no it does it. Does and it happens all the time we see this. As the term of art is a touchy and acquisition. We see this as a talking acquisition for Google to fill out this part of its product line. And that's not. There's nothing wrong with saying that it just if that becomes more difficult to do that. All the hurdles go up right because now I need to be you to be a larger company. That's more into its independently. Viable that isn't relying on emanate for an exit that changes the dynamic across the board in terms of how much money. I think you're going to need to be viable. How long it's GonNa take so it really does. Change Tilt and change the landscape which is not necessarily a very good thing. So is it going to change anything for you and how you invest just as a quick follow up? So does it change anything for me. No because we're not. We only have about ten percent of our of our of our. We've got about a fifty company. Portfolio and only four or five of those companies are in the bay area. So they are the ones. Who are the most reliant on selling out to these kinds of incestuous transactions and so we're not relying on as many of the Valley centric funds? So it's not a bigger problem for us but it's a panic in the streets problem for more valley centric venture investors than us. All right so be geographically diverse. It's one lesson for the next. It is it tends to you. Know it's it's got its pluses minuses. Because obviously most of the best transactions tend to happen in the bay area in terms of getting exits. But on the other. Hand being reliant on this brody phenomenon this is is really problematic. Right
Facebook Delivers Long-Awaited Data to Outside Researchers
"This whole story starts back in twenty eighteen and it was part of a project called social science one. Tell me a little bit about this initiative. What was the goal? Sure it came out of Great interest after the two thousand sixteen presidential election in studying misinformation and sort of intentional misleading of users and polarization on platform and being able to research what facebook impact is on society at large. You can't do that unless you have access to. Really good data about how people use the platform and there's only one entity in the world that has good access to data about how people use facebook and that's facebook so facebook agreed to give some of its data to these researchers. Yeah and this was pretty novel other companies. Google for example have said they're going to kind of wait and see how this whole facebook thing panned out before deciding whether they wanted to engage something similar but facebook decided that they were going to support this outside completely independent entity that would receive a vast amount of data about what people were sharing on the site. That was GONNA be the first sort of beachhead for this project. Then they were going. Then that organization was to be able to distribute it to researchers who could then run independent truly independent no oversight from facebook research projects on it and go public with their conclusions when they felt do. So so what were some of the things were they just looking at the? Us elections or were they looking at other things as well. No this was global. So in Taiwan researchers were looking at civic participation and facebook the influence there in Chile. They were looking at how facebook had affected the country's twenty-seven elections There are sort of more broad research topics on just how misinformation spreads generally and kind of a just a whole range of topics that were very broad. All mostly election focused but but very focused on that so facebook agreed they were going to share this data. Researchers had projects lined up. They thought they were going to get the data within a couple of months that was in two thousand eighteen. What happened yeah? So and all. This was premised on outside funding from a whole bunch of philanthropies. That sort of thought this was going to be moving along at a pretty pretty fast clip. What happened is lawyers? Probably basically there were a whole bunch of privacy concerns that arose partly due to GDP are in Europe the Europe's Data Privacy Law Partly due to facebook settlement with a the FTC and the concern ones that kind of precisely because facebook had gotten in trouble over the cameras. Analytica stuff and with data being used for authorized purposes off the platform. It couldn't afford to mess up again in terms of privacy when it was working with researchers this time and so this was a really painfully slow process and it turns out. Facebook was actually less good at just technically offloading data to researchers than it thought in the first place and it also had to pioneer with some outside researchers ways to alleviate privacy concerns. It's called differential privacy. It's pretty technical and there's no way you want me to explain that. So where are we now and I guess. The big question is. Is it even relevant to be researching the two thousand sixteen election or the two thousand election in Chile? Now in twenty twenty when we've got maybe different rules different regulations in place on a whole new election to be looking at. I think that I mean from the. Us point of view right. The most relevant thing would be twenty sixteen. Maybe the two thousand eighteen midterms And the data doesn't go back. The facebook offering doesn't go back to two thousand sixteen But I think broadly the answer is yes the level to which researchers understand who is using these platforms how they're using the platforms. How polarization and political parties interact with these platforms. What context Kent succeeds. What's behind misinformation? These are kind of universal and broad questions and ones that no one has a particularly good answer to right now. I mean we all have sort of vague theses but outside the company. No one has the data to study them. Well kind of broadening out you said that other companies were looking at this as a test case and trying to determine whether or not they might share information in the future. This is taken a long time. You said lawyers got in the way. Is this one of those situations where we can say? Oh well they've ironed out the kinks and next time when someone wants to do a project like this is GonNa be way easier or oh. They've realized how tricky it is. And this is going to be much harder for researchers to access to this kind of data in the future. That is an open question. Facebook is very much pitching this as you know it. It was painful. It was brutal but you know what we did it. We hit our initial goal. And we're committed to doing more So good for them in terms of general public access to data whether anybody else is going to view this whole process as having been a success though is and particularly whether anybody any other of facebook's competitors is GonNa view it that way is an open question I think partly that also depends on what comes out of the research to I mean if facebook has put a great deal of time two years and I believe twenty full time staff members efforts plus some money eleven million dollars. Facebook says into producing something that is going to result in a lot of research about how facebook is problematic for society. I don't know if anybody is going to want to follow in their footsteps and there is a possibility. That's what's going to be happening here. Yeah that would be a hot potato tech reporter Jeff Warwick thank you so much for joining us. Welcome
"ftc" Discussed on The Journal.
"So my question is male Polish. Some of and names are absolutely ridiculous. I'm Flora Lichtman from every little little things the podcasts that answers your burning questions like who names nail Polish I come up out of surgery anesthesia and the nurses drilling me on what my God. What Am I? Nail Polish Keller is find out more on every little thing. Listen on spotify or wherever. You get your podcasts. Welcome back as facebook executives in California push ahead ahead with their plan. The company is dealing with a significant challenge across the country in Washington. DC This summer. facebook disclosed that it was under investigation. Asian by the Federal Trade Commission for possible antitrust violations. The bigger argument around all of this is around anticompetitive practices. You know is facebook's facebook's enormous resources and sharp elbow tactics have they squashed competition before. It could get started in earnest road because the biggest fastest asas rising companies. What's happened instagram or are part of the facebook family now and other startups like snapchat? Have you know they're surviving. But they're not nearly as dominant absolutely. It's hard to compete with facebook. FACEBOOK denies that it hindered competition in the tech industry. It says that instagram Graham and WHATSAPP were much. Smaller had no revenue when they were purchased. facebook help them grow and the company says it shouldn't be punished for success. Not everyone agrees with that logic. There is a rising group of critics and economists and lawmakers lawmakers who think maybe the solution is facebook should break up and so there is. This groundswell of debate happening around antitrust rest are these companies to big has facebook bought up to many of its competitors has welched. The competition too much disrupted the landscape made it impossible possible for them to have a challenger and therefore to compete on issues like privacy. FACEBOOK have too much power and so these conversations as with each controversy that facebook is enduring. This conversation around should these companies be broken up is getting louder and louder So now bring us up to what we learned last week with the Federal Trade Commission. What is this possibility that they might put an injunction in place that could potentially stop facebook from from moving forward with this interoperability plan? What does that tell us about where this investigation is headed? So last week there was an additional update. The FTC is considering this preliminary injunction that would prevent facebook from stitching all these different APPS together. That's according to people people familiar with the matter and this may not happen the FTC may choose not to make this move but the fact that is under consideration is pretty incredible because facebook has has been working on this for about a year facebook as applying a lot of engineering resources to it and trying to make it happen and the idea the at the FTC might stop that work which is complicated. Work that mark says is a part of his vision for social networking. It really speaks to how different the environment is around facebook these days because this is a company that is built on Mark's ambition. It's a company that is built on his ideas for where the future of communication will go and he has an uncanny knack for predicting that correctly or at least forcing his vision vision to come true through his enormous platform and the FTC preliminary injunction would halt that vision. It would prevent him from being able to see through his vision in a Broadway. What would happen to the investigation? The antitrust investigation if Zuckerberg were to succeed in integrating the companies if you take it from the critic standpoint and there are a lot of facebook critics out there that say this it would make it very hard to break these companies up. is they become more integrated. The lines are a little bit more blurred word. Suddenly these companies are sharing all this information and sharing these assets becomes much harder to tease out. What is part of facebook and what is not and it makes it harder than to take these companies and split them? Apart because they share such critical infrastructure they already share and adds infrastructure which is enormously critical so this is adding another layer of messaging. It just makes the idea of a break-up much messier the remedy becomes less clear. It seems like the government has sort of increasing creasing. Its own leverage by keeping a break-up at least on the table yeah if they're move forward with this junction. Yeah it's a pretty extraordinary move. What does facebook said about the any trump investigation in general? When it comes to anti-trust they disagree? They don't think they should be broken up but they have said repeatedly elite that they would be open to more regulation. I think at this point Zuckerberg has said publicly at a certain point. We do need to be regulated because the current situation cannot stand passed some laws that we can follow so we could stop this relentless stream of criticism and get on with the business the day facebook also said that the three apps are already heavily integrated and then it's moved to stitch the messaging functions together has nothing to do with any trust trust. The company says it's all about making the APPS better for consumers. What do you think is going to happen next? It's unusual consideration from the FTC. Given that they rarely break-up companies and so we're going to have to see if they make this move it's a pretty significant one as as we understand it. They're trying to understand as much as they can about the company and about the way it works and the way that it treats the competition in an the acquisitions it makes so there in fact finding mode but what this consideration of the preliminary injunction suggests that they've learned enough about the way a facebook functions to see the idea of integrating all these different APPs as a potential roadblock to a remedy mm-hmm what that basically means is that project that's been underway at facebook for a year. Now is at risk. It means that it facebook might need to stop that work which the company had considered to be a big part of its future now if the FTC decides to make this move move it's pretty significant.
"ftc" Discussed on What A Day
"Now we're going to play a quick game called bowl of takes Yes so we've rounded up some of the week's most scorching hot takes and put them in Abol. We're going to pull them out and twenty seconds to give our take on the take Gideon. Are you ready to sound the F. off let's book and do it. So here's the take. Trump will be eligible. Oh for a third term. According to a tweet from former governor Mike Huckabee illegal attempts by Komi dims and the media to oust him as police will make him eligible for a third term. MM-HMM I take that that's bullshit all right. Donald Trump isn't even eligible for a second term. As far as I'm concerned barely eligible for the I. If we're being really honest Donald Donald trump absolutely has to leave office when the time is right which is you know always any moment now never again Yeah that's that's my take. I think you gotta go greats now for me. Let's see we got here. It's so hot. I can barely touch it. The Irishman is too long three and a half hours is too long for a movie about old men and even if you like the movie you can admit that it could be a half hour shorter boy. I wish I had three and a half hours for that garbage asked take let me tell you something. could she knows Hoffa Deniro. Frank Sheeran Joe Patchy as Bufalino Ray Romano as another Bufalino truthfully no. This is the kind of Shit that you can't get anywhere else. This movie should be seven hours. As far as I'm concerned. Give me all the Irishmen all day. All right that's it. I have not seen it and I'm not saying that was my take but log movies. Well all right all. Wow this take. Is Adam driver. Isn't that hot. He's a good actor. Everybody looks like the lead singer of nickelback or said from is aid. Wow okay he doesn't like said He is huge and it is squirrel. I think also He is Super Hot. His shoulders are very broad. You could climb in like a tree or like snuggle under his armpit like a ferret and I think he's perfect and you guys around Armpit snuggling snuggling fair all right. What do we got? What do we got here is my take? Britain's failure to elect Labor should make us wary of Bernie Warren Oren since carbon is a leftist. We can use the results of the UK election to think about how things will go in the US Myers plans to that. Take is your fucking idiot. There's nothing that's happening in. The United States that has anything to do with Brexit. And you're not the center of the World Service take events as they happen and move the fuck on loved it so many folks all right Wow how dare okay. The one that I'm holding it's time to kill Baby Yoga. Uh I didn't read it. We'll pass it sleet wrote that given baby Yoda's carefully. Khaki calculated one to one IDA face ratio. He starts to feel manipulative of playing us. Like robots carrying out commands to promote Disney plus. Okay we'll look baby. Yoda can't help how attractive he is. And it's bizarre that you would bring it up and thrown in faith. He's really just trying to save the universe and it's bizarre that you think that has anything to do with Disney policy. Do it anyway we do. We do have our small. All Greene friend Freakish little animal. Oh this one is great. Holy Shit Click. Is the Best Adam Sandler movie vulture writer Jesse David Faulk said Click is the best sandler movie because it checks all the boxes in terms of what makes a good San movie high-concept emotional mature storytelling plus good broad comedy. Okay I have not seen uncut gems my jams remain uncut. But I do appreciate the boldness of the steak because Click was secretly very sad movie and that was an interesting twist from the movie. Answer definitely think that's the that's the best best and that was our funds segment politics..
"ftc" Discussed on What A Day
"It's Friday December thirteenth. I'm Akilah Hughes. I'm getting resnick. And this is what a day. The terrifying black cat of Daily News podcasts Friday the thirteenth still scary. If these very it's actually scarier because Santa is watching on today's show facebook data privacy. Moderation all that stuff then some headlines but first impeachment news blast today David. Judiciary Committee is expected to approve two articles of impeachment against Donald Trump which makes trump the fourth president in the history of the country to face impeachment. Yesterday brought another day of hearings in the inquiry and the full house is expected to vote next week throughout Thursday. Republicans introduced a number of inmates including one that would have added hunter. Biden's name to the articles nickles of impeachment in place of his father and one after another. They were voted down. That is correct. There are a number of votes including another to eliminate the first article of impeachment which pertain in Sioux Abuse of power. Another strike down the second article impeachment on destruction of Congress and another saying that the United States aid to Ukraine that was frozen was eventually released east bold strategy and House. Democrats are preparing themselves for a few defections in their vote for moderate members who are concerned that voting to impeach could impact their re election next year though to moderate members publicly voiced support for the articles on Thursday. Get on board also. There is reporting from this week. That indicated that Senate Republicans are wanting to hold the short impeachment trial next year with no witnesses which runs counter to this initial desire from president trump to see a strong defense of his actions but on Thursday Senate that Majority Leader Mitch. McConnell reportedly met with the White House lawyer to discuss the impending trial which is expected to start in January. And that was today's impeachment. News blast best facebook. Your mother's favourite online argument hub is in the news for several reasons this week. The first the Federal Trade Commission in maybe seeking a preliminary injunction against facebook as soon as January. That's according to an exclusive report in The Wall Street Journal. When this news broke facebook? Stock Price fell four or percent. Akilah you're super into social media platforms and their inner workings to. Can you explain what this injunction would mean and what on earth it applies to absolutely so so if the injunction is obtained the court order could block facebook's plans to integrate what's APP instagram and Facebook Messenger. If you didn't know facebook owns all three of those things so facebook said that its plans to merge certain platforms are essentially to make them better for users not to eliminate competition or evade regulations. Yeah because when I think of facebook yeah I think wow this is just super easy to use logging on your phone always open safari. The Password is never saved. You have to find the little gear that gives you a temporary Passover to set verification and took me ten minutes to figure out where my photos were my profile. The last time that I tried but sure mark fine preach well. Social Media. Giant has reportedly worried most of this year that the FTC would seek an injunction against what are known as its interoperability rules A person familiar with the matter told the Wall Street Journal Interoperability F.. If Y I refers to the manner in which digital platforms interact so to make super simple facebook stream to messaging seamless between Messenger. What's up An instagram direct messages. which is in its own way Something like a monopoly. If facebook merges the messaging function of the three main free instant messaging APPS APPS that people use the does not like this idea for several reasons. One is that facebook makes it really really hard to import your friend list and contacts to other services services. If you wanted to leave so you probably won't leave Another reason is that face plan will likely come at the cost of privacy. The Electronic Frontier Foundation a nonprofit defending digital privacy free speech and innovation believes that facebook doesn't want users to have control over their data and that the platform should be the ones to keep it safe right right and there's been a lot of conversation about going after facebook for various kinds of monopoly behavior. Senator Elizabeth Warren for one has called to break up the company and other big tech companies like Google and Amazon but this FTC injunction obviously doesn't go as far as she and others have suggested. Yeah but some people have pointed out that there are advantages to to an injunction Columbia University law professor. Tim Wu a former senior adviser for the. FTC said quote. The advantages are that gets things moving and sort of forces things to a judicial traditional decision. Very quickly he went on to say as opposed to having an antitrust investigation going on for five years also talked about how high the burden of proof can be in a full all on antitrust suit plus launching an antitrust suit against Ole F. B. might open a whole big can of worms for the FTC. It could lead to more suits and investigations against other large tech companies like when Google acquired nest or Amazon acquired whole foods. Currently several state. Attorneys General are also investigating facebook and Google for antitrust issues man. The second news item regarding facebook also yesterday the platform pledged one hundred thirty million dollars to fund a Supreme Court Art Content. Now this is not mean that Ruth Bader Ginsburg or somebody like that will be reviewing your spongebob memes. which is what I thought when I heard about it? Yeah well I would pay money to find. Find Out Ruth's Favorite favorite memes. I digress facebook's plan is to establish an independent board charged with reviewing how the company moderates its content providing long-term back to its experiment and better policing of the platform. The money is supposed to cover six years worth of salaries office space. HR and more As we all know facebook has had a bunch of public controversies over how it handles misinformation and hate speech and graphic content and this board is what facebook is calling their quote initial commitment mitten to better policing of all of that stuff. The board will function like an appeals court. So there's GonNa five-person panels adjudicating controversies arising from within facebook which which sounds like a really big hit. CVS drama to me. Yeah get those ratings up with this bad boy. Love it The aim of the board is to help the company enforce its own content standards but also the board can recommend policy changes to facebook that the company must publicly address. Yes on the heels of this news. FACEBOOK also released a sixty page. report that it commissioned from a social responsibility consultancy called B S. Are the paper recommended that this new independent facebook board consider a wide range of possible the harm from content quote beyond just freedom of expression. They suggested that the board should justify all of its decisions in terms of United Nations. Human Rights Principles This independent board review is the first of its kind for social media networks and although we have no idea how this is actually going to play out. Here's hoping Youtube twitter and other social the platforms begin to take the problems on their platforms justice.
"ftc" Discussed on Geek News Central
"The two people wolf that were being Were being prosecuted and facebook structure product management for business integrity told buzzfeed. The lawsuit is a way to creek consequences for those folks outside of shutting down the account and preventing them from using the platform. He says this scheme has affected folks in both countries is something we we begin of. It's getting late two thousand eighteen and this follows a similar suit and legal actions that were done against another APP maker earlier this year. So there's a blog post about it reports from the scene it so they're going after these people that are doing stuff. They shouldn't be speaking of going. After people the United States I put a five million dollar bounty on Russian Hacking Group Evil Corp specifically their leader its largest reward ever offered buy cyber offered four Cyborg cybercriminals by the US government. Now I guess guys probably going to be pretty safe if he stays in Russia but the US in UK announced charges Thursday against the Russian in hacking group. Evil corporal again alleging organizations by two of the worst computer hacking and bank fraud.
"ftc" Discussed on Pivot with Kara Swisher and Scott Galloway
"I just finished a confident airtime saying that's exactly what I call it a parking ticket. Thanks, guys. This is big how much they. Why? Well, I saw. Okay. So think about what's happened here. Well, let's step back a fine. What's the point of government action of fines, the ideas, you know? It's a little bit of retribution. It's a little bit of a fundraising event. But mostly it's meant to serve as a deterrent in the algebra around. Deterrence is pretty simple. And that is the likelihood of the probability of getting caught times the likely fine is greater than the upside of continuing to engage in that illegal activity. Yeah. Right. So the chances of me getting caught doing something times going to jail scares the shit out of me. And I don't do a lot of bad things that I might engage in otherwise. And what has happened here is that Facebook has unwittingly co opted the FTC into what is probably the most value creative day in the history of Facebook. And that is their stock is up thirty billion dollars this morning. The value of Viacom plus throw in FIA Chrysler why because they came out ahead of the fine and said, hey, guess what in exchange we can? Continue to engage in this legal behavior. And it's going to cost us two weeks of income or seven weeks of cash flow and on hearing that the marketplace says fantastic, we're gonna take your market cap up. Ten x the amount of the fine. So not only is this fine, not a deterrent. It is in neighboring this type of behavior and Tim Wu. Professor Tim Wu Columbia. I mean, this guy's a gangster. He's written. I think really important book called the curse of bigness. Yes. A key point. And that is a key step to tyranny is that the government is no longer turns from countervailing forint force against private power to ah co-conspirator. And that's exactly what has happened here is that our government agencies are no longer countervailing forces there co conspirators and the FTC in the DOJ needs to do what happens when you see those signs. It says construction men and women working if you speed here. The fines are doubled they need to say, okay. When we're talking about media. And privacy in an instance, where might be spun into violence as as you have articularly said, then we need ten x fine. So my big theme today to the FTC is ten x zero to that fine and restore the algebra of deterrence. Yeah. Right. Yeah. I'll try sounded. So indignant and arrogant, right? He can that for the call. Algebra of deterrence. I'm gonna mention you love it. I'm writing it down with my dean. There's AO seniors AO d. Hey, we'll see what is air on the end of that. I guess I'm guessing I agree. It's just a ridiculously low fine. And you know, I it's there's all kinds of ideas to find these companies are things, but it's it must. They must have been like oh few five billion. That's all that kind of thing. And it's for what they've done over the past couple of years. I mean, they're getting off further behavior. It's like get out of jail free card less than Google walkout. Organizers say they're facing retaliation and Google saying they're not. And and it's, you know, it's an interesting problem when when people become essentially not wis there was there not whistleblowers. They're there they they want things to change the company are being public about it. They get impacted Scott. What do you think I've always thought, and you've reinforced those is that Google is actually a lot more tolerant of dissent than most companies usually. Yeah. But not in the back in the back part of it. Right. There like shirt, and then these the doesn't help you when you've done this. If you don't go along to get along. So there are tolerant, but should it. I mean realistically, should it help you because you're being difficult. Yes. Yes. He should be able to say we want company like Google, Google, always talks about they have these meetings. They talk about how everybody counts if they're going to do that. They should just say, no, we're just Microsoft. So just hush up and sit in the back. That's that's what I said..
"ftc" Discussed on SGGQA Podcast â€“ SomeGadgetGuy
"Providers evolved from just being in our homes to being in our pockets, it is increasingly important to understand what kinds of data. They collect on us who they share it with and how it is used with these concerns in mind, the FTC has launched a probe into several ISP's to see how they use our data. And if they are following the rules. Here's one of the main reasons why I believe the FCC should be in charge of regulating. The telecommunications space. The FTC mandate is not very well empowered. For the FTC as long as a company, I'm grossly over simplifying this. This is a much more complicated back and forth discussion, please look up an individual egged zone. She breaks this stuff down amazingly. Well in interviews. She has one with to the point worn only where she. Laser scalpel delineates, the differences between what FTC regulation looks like. And what regulation should look like. But me translating that oversimplifying it. Essentially as long as a company properly discloses in their terms of service, how they're going to screw you the FTC can't do a whole lot about it. So when you're end user license agreement changes because they can change the contract a telecom can change their contract with you at any time, and you have to agree to it. If you wanna keep using their service. The only other thing you can do is not use the internet. That's not a solution. But as long as they're properly disclosing to you that they're going to throttle your connection that they're going to put on a data cap that they're going to interfere with your data that they're going to take packets of your data and sell it off to marketing companies, you know. They can do it. If the FTC is is investigating telecoms. That's how bad the situation has gotten if they're found guilty of any kind of fraud or any type of manipulation or any type of privacy concern. That they just didn't even bother changing their terms of service or their end user licensing agreement. That's how brazen the telecommunications industry has gotten. Which is ridiculous. Do we have a a spam? Marin hold on. Let's see where. And you know, what I'm just going to go. All right. Let's see if that helps. Okay. So little little pause there to do some some internet censorship of my own. I like censoring people on the internet. Yeah. If the FTC is actually getting involved in something it means that the telecom the telecommunications industry because it's not just like Comcast. It's everybody AT and T. Comcast cool fiber t mobile Verizon, everyone is getting investigated right now. And again, there isn't even any smoke here. This is sort of a proactive investigation of business practices in privacy. How they handle privacy situations. But of any are actually found to have violated. Their their terms of service. That's ridiculous. The FTC can't really regulate the space to the effectiveness that we would hope for protecting something like net neutrality or data privacy data security. So that'll be really bad. I am. Oh, all right folks RA. Quick before we get to article thirteen. I know I'm a. I'm running a little long here already. I do need to check in real quick. Again. My weekly initiative talking about trying to build a community to.
"ftc" Discussed on The Tech Guy
"I mean, that would be real cause for for an FTC's slapdown if they blocked competitors website. So I would be surprised if they were blocking it, but where is it block. You up dated your router. So you know the routers, not blocking it. And the PlayStation VUE service on the Roku is working again. So we've got that next. If I go to try to access, say station their website. When I tried to log in, I get repeated that by name and password isn't correct. And try to multiple times. I know it's correct. Yeah. I would say this is now not Cox, but probably has more to do with PlayStation VUE. And you've tried it on multiple computers? Yeah, yeah. Now, the interesting thing is when I try to access it on my cell phone browser, and I'm not using my wifi. I can access there really is maybe Cox's blocking it. Oh, really? Yeah, very confusing. That's interesting. Cox was kind of misrepresenting. I'm sure they block some stuff. Everybody does might have been misrepresenting that, but they would be really in trouble if they started blocking competitor like PlayStation. That'd be a big deal. PlayStation views, tech support suggested that I call concentrate to get them to unblock the IP address. Well, now it's not that it's blocked. You can get to the website, right? But you just can't enter the password. Correct. So that's not blocked. Okay. If you're getting the images from the PlayStation VUE site, that's not blocked. I don't know what's going on. With your password, but that's something that's that's a separate thing. And honestly, I don't think that has anything to do with Cox at all. Okay. So I'm not sure what that has to do with if stewing it on multiple computers, but then you can log in on your phone. That's that's on. That is really odd. I don't know..
"ftc" Discussed on IoT inc
"Different metrics so i worked with all of that different metrics coming out of with the data coming out of ftc systems or industrial i only signals if you like or industry point which is another word we'll get them all in there and all of that all right and so so in your experience in working in the semiconductor latronic systems this is where you were actually doing the analytics and that's where you kind of hone your craft is is working with that data yes so at this point we're addressing the automotive in medical devices sector and the healthcare in general is while at kuala sin and both these sectors have very similar rest profiles and so there's a commonality there that we can address in the in the same way and both of these so what the implication of this is that not so much the implication but the reason they have a similar risk profile is is that in terms of the cost of product failure across the productivity is very high in right right like mints whether you measure in terms of death or injury or dollar cost terms like regulatory punitive fines or reputational costs in afford so both of these sectors automotive medical you can't afford to have failures and you see that in the automotive sector the news all the time that gm failure and calls the malls to you know so a worse exactly so if you add up all the numbers that are all in the public domain it's a really massive amount and especially when you add the reputational costs loss of sales and so forth is really a massive amount so we're dressing these two sectors because our analytic solutions particularly suited to detect marginality that caused these field failures and habitat about these marginality also at some point in the conversation will but all of that is adelaide ix essentially and a lot of the data that is coming out off the industrial signals that the analyzed okay all right so you have you have a pretty sold background then tell us something though that most people don't know about you well i don't know if i would say that don't know about but numbers guy i think that's pretty obvious isn't it yeah with this if it can't be quantified it did not happen so basically want your quant oh i didn't i didn't know there was a name for it as opposed to a call there you go i didn't know that all right quant let's let's talk about predictive analytics i'd like to start there because as we've gone through in our show we've talked at a higher level you know on on the different types of iot analytics of course you can slice in in different ways but but one good way to think about as predictive analytics real time analytics and descriptive analytics and this beside i'd like to have you speak to predictive analytics and so why don't we start with a definition what is what is predictive analytics yeah in some ways the name itself suggests the definition we want to predict something so the question would be why do you want to predict or what's the what's the need was the business need to predict something right so and i as i looked to that in the the.
"ftc" Discussed on TechFan
"Exactly and they should be proud of a if mark zuckerberg doesn't disallows them to come into facebook headquarters and asked any questions you should be proud of that let's face it you know could it get the real story for montoc the guy of course not going to break down to go i'm so sorry you call to yes that's going to happen you have to use proper real sources for that real proper gentlest so getting not getting access to zuckerberg that had these companies if if you really doing you proper job is should not be a big loss right so anyways yeah it's speaking of doing the right thing the ftc's and you put this as ours technica argh i actually read this one the ftc warranty voiding language like nintendo's in sony's is a legal ftc warrants companies stop voiding warranties for unauthorized repairs we this those stickers yes void if seal is broken exactly that's a legal and they keep doing it and they keep enforcing that even though it's an illegal activity yep can't tell me i can't repair my l thing and voids my warranty that's just that's illegal yeah and i it's about time that the c start sticking up for people's rights like this well the problem with the ftc is that like many tried represent trite representation bodies so consumer representation bodies that provided by the government is you know there are small organization compared to the job the half sedate so enforcement for them is very very difficult and very very expensive particularly the the companies that sean to enforce push back and then you end up with a little seat so you know they're always on the great when they do things like is unfortunately companies will continue to try and get away with that and they nobody knows that they apparently they sent a letter warning these company says six companies not the united states it is but yeah there are well i she.
"ftc" Discussed on Progressive Talk 1350 AM
"Free talk live kicking off our number two in studio it's daryl chris and mark and we've been talking about the f what what is the ftc tv or f teed seeds fc tc the federal consumer trade commission i think that's the one the federal trade commission hero of consumer protection so it's actually the ftc bcp the f c t see that i still don't know how it's different from the ftc i just know they've got an extra see in there now there you go and i guess the c is for crony but the ftc's bureau of something something is saying that the warranty void stickers or legal they are illegal although there's not actually any penalty for anybody just wrongfully using a warranty void sticker i don't know about that but as ours technica points out the sample language listed in the f t f t now jeeze daryl now the federal trade commission the ftc statement matches the terms found on several companies websites and the media outlet felt no compunction naming names quote hyundai's warranty states that the use of hyundai genuine parts is required to keep your hyundai manufacturer's warranties and any extended warranties intact or nintendo's warranty states that this warranty shall not apply of this product has been used with products not sold or licensed by nintendo you buy.
"ftc" Discussed on Daily Tech News Show
"And us your stories of why you would or would not rent your anchor cone all right the united states ftc sent warning letters to six companies who market and sell automobiles cellular devices and video gaming systems those are the ftc's words by the way the letters addressed concerns about the company's telling consumers that they must use specified parts or service providers to keep their warranties intact here's a quote from the letter unless warren tours that's the people making the devices unless warren tours provide the parts or service for free or receive a waiver from the ftc such statements generally are prohibited by the magnuson moss warranty act of nineteen seventy five in other words that warning sticker on your device that says you'll break the warranty if you remove it and get inside your device is not enforceable according to the ftc companies that have been contacted up thirty days update their websites and comply with the law whoa all right so the supply to mattresses and those tags now the tags thing is a whole different thing that was for the shipper like they're not allowed to take the tag off until you can take it off once you get your mattress that's always been misunderstood it all right fair enough but all right so somebody gets electron ix i've consoles the switch over here is a little thing on and says by go inside of the switch on voiding the warranty than attended would otherwise author me offer me can i take this as now the new law the standard the lob the standard at as to which should interpret these things and i'm okay to crack that thing open and do what i want.
"ftc" Discussed on This Week In Google
"I don't know i guess uses i shouldn't say which i won't say the name because i don't want to give out too much information about my mom but uses a online brokerage and one of the ways of accounting was your voice and i told her don't do that yeah that that just does not seem like a good idea about that i could sell like my mom but just feels like that's not a secure i even now i don't think that's very secure thing to do facebook is being investigated by the f t c there was some question about facebook had had a consent decree right in twenty eleven right with the ftc and there was some question whether this cambridge analytica dated release violated that consent decree ftc has now hasn't said whether it's well let let me see they hadn't said but now it's confirmed on monday the ftc is investigating facebook's data practices and even though they wouldn't confirm it last week they have now confirmed it and by the way it's private it's a private non public investigation the penalty of the consent decree is forty thousand dollars per violation which means per user fifty million times forty thousand dollars is how much i can't even go that high that's a lot lot of money but it's not gonna happen so here's a here's a darkened billion right what is it it's a big number you're gonna have to take a chat room fifty million times forty thousand dollars what is that how much money can you take a check a chat room stopped because everybody's like working.
"ftc" Discussed on C-SPAN Radio
"And sound practices and the protection if you will a and and minimal standards for uh for a fair uh practices e in this space i'm curious because the ftc should be able to regulate unfair and deceptive practices have there been any cases referred to the ftc where there's been unfair and deceptive at understand there's lots of things going on here but there's they could disclose batter so let's do that said committee chair jelly arrington safety and soundness for the tax payer in the program but then there is real uh deception and unscrupulousness by offering one thing in it be really another thing have those been referred to the ftc and have they acted upon those uh mr london i am not personally aware of any number froze that have been made uh mr right yum yeah we were we what we've been doing is collecting solicitation materials that are are generally from actually brokers not blenders himself but then they do they originate these loans and then sell them to lender um i went and what what i'd love to do is you know we've got a pile of them so i've asked all the veterans at ginnie mae to sort of collect these solicitation materials they get i'll share them with you they're not they're not lies they're just real ill understand what will sit down and talk to them this arm trying to be real careful even in this hearing did not say predatory way and right up because the the ftc oughta ought to pursue that and bring the full force of the law against people that are doing that and then where we need to tighten it up where there's some fast ness and looseness that's what you guys can do in in and then and then again for me all to billy the safety and soundness of the program this is offered because the taxpayers allowed this to happen because they loved their veterans and they i want them to have this benefit but they want it done in a safe and sound and a fiscally responsible way as chairman if our making our app amend mile comment that i read because your question was specific to.
"ftc" Discussed on Bloomberg Radio New York
"The ftc itself and the fact that after a full year of trump he has yet to appoint three of five commissioners whereas the fcc was often running as we saw that's right and that you know i think a lot of people are wondering what's going on here because this has been the longest lag with the shortest ftc staff of commissioners we've had in many many years and we have heard that president trump is interested in appointing joe simon's who is an antitrust attorney as the new chairperson but it it it's been that talk has been happening for several months and we haven't seen that appointment happen yet and of course he'd still have to go through the confirmation process so the ftc in some extent is really been in limbo for about a year and the acting chairperson marino house and can't really go forward with her own agenda because it it seems clear that she is unlikely to be named the next chairperson and so it puts them they've gone forward they've had enforcement actions but it's made it difficult for them tell us about the draft kings fanned tool well that's a great example of in at the ftc moving forward even with this lesser staff that was a deal i mean this was sort of an online virtual sports gaming companies and it was a small deal it wasn't a huge deal but the federal trade commission saw it as a merger to monopoly and they too to block that deal and that was a success for them where they got those two parties to walk away in a vanden that deal so what will be what will we be talking about in 2018 what will you be watching for while in the ftc side were certainly gonna be watching to see how the staff shapes up and then what the new enforcement policies are how the ftc goes forward and whether or not i think it's important to understand now this big difference we seem to have between the ftc and the department of.
"ftc" Discussed on Defensive Security Podcast
"Kind of extending into while into two thousand seventeen in into this year they were also working on settling uh with the ftc on us on a i don't remember if it was the same databreach or different data breaches the when they were uh it were working with the new york attorney general on uh but anyway th th they apparently intentionally uh uh this is the kind of the the what's what's alleged in the article in some of the other things have read they they waited until after the ftc uh subtle that they reached a settlement with the ftc to disclose this particular breach so well i so let's backup in in just say that this came to light because the new ceo disclosed a corrected but then there's been some further reports since then that this that the ceo that see the new ceo actually sat on it for a while to thorough um oh although he hadn't the new ceo hadn't been there for i think you think he started in september so it wasn't a long time but present lakea yoon wasn't like he he no he learned i think if ara monday in reported on tuesday it was i think of how many think she's gotta get his arms are coming into a new company i yeah i i don't i don't disagree i i i actually think um he's probably wake nut he's probably getting an unfair shake because i it sounds like this that the company had a lot of ethical issues.