Episode Transcript
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Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday American author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
The big win for Poval, Yeah, Alphabet wins. Basically, it won't. Didn't.
They ended up putting it out there. I'm not putting
it out there as a win, but they basically avoided
all of the major penalties in this anti trust case.
You know what's interesting about this is I've seen this
(00:38):
movie before and we called this one too. And go
back to when she said, try to remember the evening
exact year it was trying to break up Microsoft. They
went after Microsoft. I was in nine two thousand something
like that, but its dominant position by the time that
(00:59):
case actually got any sort of legs. What Microsoft goes
and't doing so well, And everybody remembers the launch of
Microsoft Millennium and everything started going downhill for their their
operating system at that point in time, and it got
(01:22):
so bad again, I gave up on PCs and I
switched over to Apple. And you saw the rise of
Apple over that period of time. Now, Microsoft's doing very well,
obviously involved in other things. Same thing with Google. Right now,
Google most certainly is working more on its AI. People
don't really even use it for searches anymore. Downloading chat, GPT,
(01:46):
they're downloading GROCK, they're all of these other ways that
they're they're out there searching the internet basically, you know.
And this is actually a big benefit for Apple as well.
Apple can continue to get paid to place Google's search
engine as a default search engine on the phone. You know.
(02:08):
The funny thing is is that it's not difficult. It
really isn't. I don't that old saying, you know that
they won't see using right now tech tard like not
understanding technology. I'm becoming one to someday because there's so
much new stuff coming out and it's hard for me
to keep up with many of these things. But some
(02:30):
of these things are quite simplistic. So major, major win
for Google, major win for Apple. But once again, it
just shows how slow these things are to transpire when
they go after these various different companies. And again I understand,
(02:51):
I understand. When companies get huge and they have a
dominant position, they make life difficult on many other businesses
as far as getting in. But I'm a big believer,
a big believer that antitrust needs to be first and
foremost about the consumer, not you know, you don't want
(03:12):
to have, you know, throw a sports analogy. You've got
the New England Patriots, which were great for such a
period of time. Tom Brady, the government's stepping in. Your
position is too dominant in this arena. We've got to
remove Tom Brady now. Again, that's bad for the fans
on New England. Someone might say it's better for you know,
(03:34):
the fans over at Pittsburgh or in New York or
whatever it may be. It's not the point, Okay, it's
not the government's position to do this. Now. If Google
or Apple or any of these major companies are being
overly aggressive when they are acquiring new technologies, that to
(03:56):
me is a bit problematic. That is where antitrust should
be paying attention. Basically swooping in and saying we're buying
up this new technology because we want to somebody not
even use it. We want to just put it to
bed so we can't compete against it. That to me,
would be a better place for anti trust to head.
(04:16):
It's the acquisition area watchdog on Wallstreet dot Com