Virtual Legality

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(0:00) Introduction (Thanks, Nord)

(1:56) A Very Broad Review

(8:19) A Holistic Approach or A Legal Approach?

(16:16) Consumer Welfare In Front of Congress

(23:14) Limits on FTC Authority

(26:52) EU and the Cloud

(29:55) Conclusion

Elon Musk has put his money where his mouth is, purchasing a substantial portion of all of Twitter's outstanding stock.

But what does such a move signal? What is this billionaire's motivation? And why are some probably jumping the gun just a bit in reacting to the Internet's biggest lulz wildcard?

Sometimes it pays to be the wildcard...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/I-rYQiNasmU

#ElonMusk #Twitter #FreeSpeech

***

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BITCAST (11AM Eastern) - https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

***

Discussed in this episode:

ARTICLES

"Elon Musk buys 9.2% stake in Twitter, making him the largest shareholder" - CNN.com (April 4, 2022)

https://www.cnn.com/2022/04/04/investing/elon-musk-twitter-shares-stake/index.html

"Elon Musk" - Wikipedia

https://en.wikipedia.org/wiki/Elon_Musk

"Elon Musk accuses SEC of attacking his right to free speech" - Axios (February 17, 2022)

https://www.axios.com/elon-musk-tesla-sec-free-speech-0e872e2b-bee4-4bb8-88ca-46c0576fe8a0.html

"Biden to Propose 20% Tax Aimed at Billionaires, Unrealized Gains" - Bloomberg (March 26, 2022)

https://www.bloomberg.com/news/articles/2022-03-26/biden-to-propose-20-tax-aimed-at-billionaires-unrealized-gains

SEC FILING

Schedule 13 G

https://www.sec.gov/Archives/edgar/data/0001494730/000110465922041911/tm2211482d1_sc13g.htm

LAW

17 CFR § 240.13d-1 - Filing of Schedules 13D and 13G.

https://www.law.cornell.edu/cfr/text/17/240.13d-1

TWEETS

"Am considering taking Tesla private at $420. Funding secured."

Tweet, Elon Musk (August 7, 2018)

https://twitter.com/elonmusk/status/1026872652290379776

"Elon Musk is now Twitter's largest shareholder..."

Tweet, Ryan Brown (April 4, 2022)

https://twitter.com/Toadsanime/status/1510958984265670657

"Given that Twitter serves as the de facto public town square..."

Tweet, Elon Musk (March 26, 2022)

https://twitter.com/elonmusk/status/1507777261654605828

"Would you consider building a new social media platform..."

Tweet, Pranay Pathole (March 26, 2022)

https://twitter.com/elonmusk/status/1507907130124222471

"Much is made lately of unrealized gains..."

Tweet, Elon Musk (November 6, 2021)

https://twitter.com/elonmusk/status/1457064697782489088?lang=en

HOEG LAW VIDEOS

https://youtu.be/fyoJpKp66Mk

https://youtu.be/rS8Xc3hSn2E

https://youtu.be/_1PsYkqcNBw

TWITTER OWNERSHIP

"Twitter, Inc." CNN Business

https://money.cnn.com/quote/shareholders/shareholders.html

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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Activision Blizzard's year of news appearances is almost unbelievable, but perhaps none more so than the announcement that Microsoft and Xbox is purchasing them for just under $70 BILLION in cash.

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Now, US Senators have joined the fray, advocating for the FTC to stop the deal because it harms workers efforts to better themselves and/or unionize.

But is that the real ambit of the Federal Trade Commission and antitrust law? And what is their letter *really* about?

Political grandstanding is the same all over, especially...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/Nq2ogQc1K24

#Activision #Microsoft #Senators

***

WANT TO SUPPORT THE CHANNEL?

UTREON - https://utreon.com/c/hoeglaw/

PATREON - https://www.patreon.com/VirtualLegality

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BITCAST (11AM Eastern) - https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

***

CHAPTERS

00:00 Introduction

03:05 Foundational Principles (How is this Supposed to Work?)

06:58 The Letter - Monopsony and Consumer Welfare

15:47 The Letter - A Litany of Sins

29:04 The Letter - Why Are They Writing This?

36:00 Conclusion

***

Discussed in this episode:

HOEG LAW PLAYLISTS AND VIDEOS

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9PBxr5dNcoQLh2erIt2XrZ

https://www.youtube.com/playlist?list=PL1zDCgJzZUy_vBs7Qt9-

TWEETS AND ARTICLES

https://twitter.com/stephentotilo/status/1509633730058543117

https://www.wsj.com/articles/u-s-senators-pressure-ftc-to-review-microsoft-activision-merger-11648741204

LAW AND LEGAL ANALYSIS

https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/mergers/premerger-notification-merger-review-process

https://www.law.cornell.edu/uscode/text/15/18a

https://www.law.cornell.edu/uscode/text/15/18

https://www.law.cornell.edu/uscode/text/15/45

https://www.justice.gov/atr/horizontal-merger-guidelines-08192010

https://www.justice.gov/atr/horizontal-merger-guidelines-08192010

https://law.stanford.edu/press/congress-hears-challenges-to-the-consumer-welfare-standard/

https://www.ftc.gov/system/files/documents/public_statements/1596664/agency_priorities_memo_from_chair_lina_m_khan_9-22-21.pdf

https://www.markhamlawfirm.com/the-consumer-welfare-standard-should-cease-to-be-the-north-star-of-antitrust/

GAME STATS

https://www.ibisworld.com/industry-statistics/employment/video-games-united-states/

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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(0:00) Introduction

(3:05) Foundational Principles (How is this Supposed to Work?)

(6:58) The Letter - Monopsony and Consumer Welfare

(15:47) The Letter - A Litany of Sins

(29:04) The Letter - Why Are They Writing This?

(36:00) Conclusion

The US Equal Employment Opportunity Commission (EEOC) lawsuit against Activision Blizzard for sexual harassment, pregnancy discrimination, and retaliation is finally settled.

What does the final version of the consent decree actually do? What does it ask of the women of Activision? And why is California still so mad?

It's one litigation down, a whole lot to go...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/DbDML5fBRY0

#Activision #EEOC #California

***

WANT TO SUPPORT THE CHANNEL?

UTREON - https://utreon.com/c/hoeglaw/

PATREON - https://www.patreon.com/VirtualLegality

STORE - https://teespring.com/stores/hoeg-law-store

BITCAST (11AM Eastern) - https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

***

CHAPTERS

00:00 Introduction

01:20 California is Mad

5:49 What's In the Decree?

18:06 How Does the Claims Process Work?

27:52 What Claims Will Be Released?

32:45 Conclusion (Doom on the Horizon?)

***

Discussed in this episode:

HOEG LAW PLAYLISTS AND VIDEOS

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9PBxr5dNcoQLh2erIt2XrZ

https://www.youtube.com/playlist?list=PL1zDCgJzZUy_vBs7Qt9-ROfumOtIrSdP8

https://youtu.be/-sYU2iNlkio

EEOC VS ACTIVISION FILINGS (INCLUDING CONSENT DECREE)

https://storage.courtlistener.com/recap/gov.uscourts.cacd.832570/gov.uscourts.cacd.832570.58.0.pdf

https://www.courtlistener.com/docket/60492502/79/us-equal-employment-opportunity-commission-v-activision-blizzard-inc/

https://www.courtlistener.com/docket/60492502/81/us-equal-employment-opportunity-commission-v-activision-blizzard-inc/

https://www.courtlistener.com/docket/60492502/us-equal-employment-opportunity-commission-v-activision-blizzard-inc/

https://www.courtlistener.com/docket/60492502/82/us-equal-employment-opportunity-commission-v-activision-blizzard-inc/

TWEETS AND ARTICLES

https://twitter.com/stephentotilo/status/1508841594799247369

https://www.washingtonpost.com/video-games/2022/03/29/activision-blizzard-eeoc-settlement/

https://www.hollywoodreporter.com/business/business-news/activision-blizzard-settles-federal-sexual-harassment-lawsuit-over-objection-california-1235121911/

https://www.wsj.com/articles/u-s-senators-pressure-ftc-to-review-microsoft-activision-merger-11648741204

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

null

(0:00) Introduction

(1:20) California is Mad

(5:49) What's In the Decree?

(18:06) How Does the Claims Process Work?

(27:52) What Claims Will Be Released?

(32:45) Conclusion (Doom on the Horizon?)

Sony's Project Spartacus is finally unveiled! But is PlayStation's answer to Xbox's Game Pass really worth getting excited about? Or is it simply claiming to be something it's not?

Not sure this is the rebellion we were looking for...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/oIYCy14eN8E

#Spartacus #GamePass #PlayStation

***

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PATREON - https://www.patreon.com/VirtualLegality

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***

Discussed in this episode:

SPARTACUS ARTICLES

https://www.playstationlifestyle.net/2021/12/04/playstation-game-pass-rival-spartacus/

https://blog.playstation.com/2022/03/29/all-new-playstation-plus-launches-in-june-with-700-games-and-more-value-than-ever/

https://www.gamesindustry.biz/articles/2022-03-28-playstations-jim-ryan-our-games-could-suffer-if-we-put-them-straight-into-ps-plus

GAME PASS

https://www.xbox.com/en-US/xbox-game-pass#join

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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(0:00) Introduction

(5:26) Bungie Talks to the Community

(12:33) Bungie Sues Alleged Frauds

(26:22) Bungie's Product and YouTube's Process

(37:50) Bungie vs YouTube Customer Service

(47:43) Madness and Manifestos

(49:55) Bungie's Legal Claims

(1:05:23) Conclusion