FTC wants a task force to take on tech's bad behavior
1:36

FTC wants a task force to take on tech's bad behavior

Tech Industry
[MUSIC] While there seems to be a greater appetite in the US government to take on tech's bad behavior, yesterday the Federal Trade Commission said it would create a technology task force that would look into competition in the tech industry. Meggy how does this fit into DC's attitude towards Silicon Valley lately? Well, I think we've seen over the past year or so that politicians, policy makers, everybody wants to clamp down a little bit more on Silicon Valley, right? I mean, a couple of years ago, these companies were really, Sort of the golden children of DC, right? Everybody loved the tech companies, and now everybody's a bit more skeptical, so I think what we're seeing here is, you know, this really Should be oversight of the FTC under what we see in terms of current law. But I think there's been a lot of skepticism that the agency is really up to the task to handle it. I mean, they aren't just focused on. And Facebook and tech companies- Right. But they have to oversight over all consumer goods and stuff, so I think this commission is trying to show. That they're gonna beef up a little bit on their antitrust stuff and that they're gonna focus and get some real expertise in there to look specifically at these companies. But, again, I still think that there's some scepticism. I think that there are- Yeah. Some consumer groups are saying they don't think it's enough. Right. That we need other kinds of reform and that kind of thing, yeah. Yeah.

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