Chapter
The Power Held by Monopoly Payment Processing Networks
1:19:34 - 1:25:34 (05:59)
The Electronic Frontier Foundation was the only organization that protested against the monopoly payment processing networks blocking businesses from running. The concentration of power in the hands of a few individuals with a significant amount of lines of a code base is an impossible task to manage.
Clips
The power of tech companies like Facebook and Twitter is being scrutinized by US Senators, who are calling for censorship.
1:19:34 - 1:20:33 (00:59)
Summary
The power of tech companies like Facebook and Twitter is being scrutinized by US Senators, who are calling for censorship. While these companies are feeling pressure from above to appease these politicians, it may be too little too late, as many believe it's time these tech giants get broken up.
ChapterThe Power Held by Monopoly Payment Processing Networks
EpisodeE17: Big Tech bans Trump, ramifications for the First Amendment & the open Internet
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The issue of censorship has become salient as credit card companies refuse to process payments on certain sites.
1:20:34 - 1:21:41 (01:07)
Summary
The issue of censorship has become salient as credit card companies refuse to process payments on certain sites. The Electronic Frontier Foundation is one of the few organizations questioning the monopolistic behavior of these companies.
ChapterThe Power Held by Monopoly Payment Processing Networks
EpisodeE17: Big Tech bans Trump, ramifications for the First Amendment & the open Internet
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speakers discuss their thoughts on the possible motives behind Facebook and Twitter's recent actions, including de-platforming President Trump and cracking down on misinformation.
1:21:41 - 1:23:48 (02:06)
Summary
The speakers discuss their thoughts on the possible motives behind Facebook and Twitter's recent actions, including de-platforming President Trump and cracking down on misinformation.
ChapterThe Power Held by Monopoly Payment Processing Networks
EpisodeE17: Big Tech bans Trump, ramifications for the First Amendment & the open Internet
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The task of managing social media companies is an impossible feat for even the smartest of individuals due to their complicated nature and the sheer amount of power that is given to a select few over multimillion line code bases.
1:23:48 - 1:25:34 (01:45)
Summary
The task of managing social media companies is an impossible feat for even the smartest of individuals due to their complicated nature and the sheer amount of power that is given to a select few over multimillion line code bases. Twitter has expanded its approach to filter out tweets that may potentially mobilize supporters towards illegal activities, while Facebook could benefit from breaking down into smaller, country-based products.