Fortt Knox

130 - Monopoly: Are Apple, Google, Facebook & Amazon Fair Game?


Listen Later

The problem with the Monopoly board game is that only one person ends up happy in the last half hour of the game, and everyone else is miserable. 

If you believe tech critics, some of the biggest companies in the industry have figured out a way around this unhappy ending in real life: Each one of these multi-billion-dollar juggernauts has its own mini-monopoly. Google gets to rule search engines, Facebook gets social networks, Amazon gets e-commerce and Apple gets expensive phones … made by Apple … or something. I really don't get any of the arguments that Apple has a monopoly on anything. 

Why does this matter?  

One could argue – and I know this because I'm about to – that the tech companies that are in the antitrust crosshairs are more central to our everyday lives than any group of accused monopolists in history. This isn't a bunch of railroads or oil companies. This is the app you use all day to talk to your friends and family. The phone you use to fire up that app. The service you use to search for the theme gift for a 10-year wedding anniversary, and the store you use to buy the gift. 

If these companies are found to be monopolists ... and they're found to be abusing their monopoly power … they could get broken up or otherwise restricted. 

Should that happen? We're going to help you decide. With me today to figure it out, some legal firepower: 

Doug Melamed is a professor at Stanford Law School and before that was general counsel at Intel. A couple of decades ago he served at the U.S. Department of Justice as Acting Assistant Attorney General in charge of the Antitrust Division. 

Dina Srinivasan is an antitrust Scholar and an author of the paper: “The Antitrust Case Against Facebook.”

...more
View all episodesView all episodes
Download on the App Store

Fortt KnoxBy CNBC

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

67 ratings


More shows like Fortt Knox

View all
Mad Money w/ Jim Cramer by CNBC

Mad Money w/ Jim Cramer

4,096 Listeners

CNBC's "Fast Money" by CNBC

CNBC's "Fast Money"

1,358 Listeners

CNBC's "Options Action" by CNBC

CNBC's "Options Action"

240 Listeners

Your Money Minute by CNBC

Your Money Minute

148 Listeners

Strange Success with Jane Wells by CNBC

Strange Success with Jane Wells

155 Listeners

American Greed Podcast by CNBC

American Greed Podcast

2,180 Listeners

Squawk on the Street by CNBC

Squawk on the Street

605 Listeners

Squawk Pod by CNBC

Squawk Pod

549 Listeners

The Keynote by CNBC Events by CNBC

The Keynote by CNBC Events

20 Listeners

Halftime Report by CNBC

Halftime Report

410 Listeners

CNBC's "Last Call" by CNBC

CNBC's "Last Call"

302 Listeners

Worldwide Exchange by CNBC

Worldwide Exchange

114 Listeners

TechCheck by CNBC

TechCheck

63 Listeners

Power Lunch by CNBC

Power Lunch

25 Listeners

Manifest Space with Morgan Brennan by CNBC

Manifest Space with Morgan Brennan

35 Listeners

CNBC’s “Money Movers” by CNBC

CNBC’s “Money Movers”

9 Listeners

CNBC Business News Update by CNBC

CNBC Business News Update

8 Listeners

The Crimes of Putin’s Trader by CNBC

The Crimes of Putin’s Trader

262 Listeners

CNBC Sport by CNBC

CNBC Sport

9 Listeners