November 21, 2024 • 5 mins
Is Lena Khan About to DESTROY Google?? www.watchdogonwallstreet.com
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Breakup Google by a Justice Department said Google should have
to sell off its Chrome browser. They said that competition
can only be restored if Google separates its search engine
from products that has built to access the Internet, sunch
as Chrome and the Android mobile operating system. Chrome controls
(00:41):
about two thirds of the global browser market. They also
requested that Google be prevented for giving preferential access to
its search engine on devices that it use its Android
mobile operating system. If they violates that, they're going to
have to divest of Android. Also wants them to forbidden
(01:03):
them to pay Apple for making them the default search engine.
All right, let's let's take this whole thing and put
this society okay. First and foremost, the whole nature of
search is changing very quickly due to AI, so quite frankly,
I think the Justice Department is a little late to
(01:24):
this game. With that being said, I think this is
going to aggravate the consumer more than excite the consumer.
And again I find it fascinating the companies that the
Justice Department wishes to go after. It's a bit nonsensical.
If you asked me, is a consumer hurt in any
(01:47):
of this, they're not. Again, it's really not that hard.
I mean, you can go on to your browser and
you want to churn change your default search engine. It's
not that difficult of a thing to do. Take that
and put that aside. What I see happening is this
is gonna be a long, dragged out battle. I'm gonna
(02:08):
be honest with you. The internet experience kind of sucks
right now in my opinion. Again, I do a lot
of reading. I gotta uh. I pay for an enormous
amount of sites that I do research on. He has
paywall type stuff, and still I am still bombarded with ads.
(02:34):
I don't want to see ads that are driving me
absolutely batty all the time, interrupting, interrupting me when I'm
trying to read do my work. Sometimes I'm like, I
missed newspapers, for crying out loud, you had. I had
ads on newspapers, but they didn't basically punch in the nose.
Speaker 3 (02:55):
When you were trying to read something.
Speaker 2 (02:57):
Now, what I see happening is is that I think,
in my opinion, I think that Google will probably cut
a deal when all said and done, some of the
other companies as well, to prevent much of that, which
which again isn't going to really hurt them much because
do those ads actually work in the first place. I
(03:20):
don't really seem to understand that annoying people with your
ads as a way to make them a you know,
create customers. I don't get it. So I think if
they could come up with a way, and I've said
it before, I would go gladly, gladly pay more money
so I didn't have to get punched in the face.
I didn't have to have stupid pop ups. You could
(03:41):
put the pop up blockers. You can do all this stuff.
And then the newspapers you have, oh yeah, we we
pay for our our you know, our journalism through ads.
Please disable your pop up blocker and it's it drives
you crazy, it really does. At some point in time
they're going to have to fix all of this. And
(04:01):
this is where I think this negotiation is going to
come down the road again. Companies volunteer volunteerily divesting of
certain assets that's.
Speaker 3 (04:14):
A good thing. That that's what companies. That's a smart
thing to do.
Speaker 2 (04:21):
Again, what you're seeing happen right now in media outlets
like all right, enough enough, we don't need this fricking
MSNBC holding us back, and start divesting in some of
these assets.
Speaker 3 (04:31):
Smart this, This would be a hit to Google.
Speaker 2 (04:37):
It's almost fifty percent of their revenue comes from advertising
via search, so this most certainly is going to hit
them again. If they clean it up, they clean it up,
you get a different FTC, you got a different Justice department.
May might be able to make this whole thing go away.
(04:58):
Watchdog on Wall Street Dot come
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Breakup Google by a Justice Department said Google should have
to sell off its Chrome browser. They said that competition
can only be restored if Google separates its search engine
from products that has built to access the Internet, sunch
as Chrome and the Android mobile operating system. Chrome controls
(00:41):
about two thirds of the global browser market. They also
requested that Google be prevented for giving preferential access to
its search engine on devices that it use its Android
mobile operating system. If they violates that, they're going to
have to divest of Android. Also wants them to forbidden
(01:03):
them to pay Apple for making them the default search engine.
All right, let's let's take this whole thing and put
this society okay. First and foremost, the whole nature of
search is changing very quickly due to AI, so quite frankly,
I think the Justice Department is a little late to
(01:24):
this game. With that being said, I think this is
going to aggravate the consumer more than excite the consumer.
And again I find it fascinating the companies that the
Justice Department wishes to go after. It's a bit nonsensical.
If you asked me, is a consumer hurt in any
(01:47):
of this, they're not. Again, it's really not that hard.
I mean, you can go on to your browser and
you want to churn change your default search engine. It's
not that difficult of a thing to do. Take that
and put that aside. What I see happening is this
is gonna be a long, dragged out battle. I'm gonna
(02:08):
be honest with you. The internet experience kind of sucks
right now in my opinion. Again, I do a lot
of reading. I gotta uh. I pay for an enormous
amount of sites that I do research on. He has
paywall type stuff, and still I am still bombarded with ads.
(02:34):
I don't want to see ads that are driving me
absolutely batty all the time, interrupting, interrupting me when I'm
trying to read do my work. Sometimes I'm like, I
missed newspapers, for crying out loud, you had. I had
ads on newspapers, but they didn't basically punch in the nose.
Speaker 3 (02:55):
When you were trying to read something.
Speaker 2 (02:57):
Now, what I see happening is is that I think,
in my opinion, I think that Google will probably cut
a deal when all said and done, some of the
other companies as well, to prevent much of that, which
which again isn't going to really hurt them much because
do those ads actually work in the first place. I
(03:20):
don't really seem to understand that annoying people with your
ads as a way to make them a you know,
create customers. I don't get it. So I think if
they could come up with a way, and I've said
it before, I would go gladly, gladly pay more money
so I didn't have to get punched in the face.
I didn't have to have stupid pop ups. You could
(03:41):
put the pop up blockers. You can do all this stuff.
And then the newspapers you have, oh yeah, we we
pay for our our you know, our journalism through ads.
Please disable your pop up blocker and it's it drives
you crazy, it really does. At some point in time
they're going to have to fix all of this. And
(04:01):
this is where I think this negotiation is going to
come down the road again. Companies volunteer volunteerily divesting of
certain assets that's.
Speaker 3 (04:14):
A good thing. That that's what companies. That's a smart
thing to do.
Speaker 2 (04:21):
Again, what you're seeing happen right now in media outlets
like all right, enough enough, we don't need this fricking
MSNBC holding us back, and start divesting in some of
these assets.
Speaker 3 (04:31):
Smart this, This would be a hit to Google.
Speaker 2 (04:37):
It's almost fifty percent of their revenue comes from advertising
via search, so this most certainly is going to hit
them again. If they clean it up, they clean it up,
you get a different FTC, you got a different Justice department.
May might be able to make this whole thing go away.
(04:58):
Watchdog on Wall Street Dot come
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