Should the big tech companies be broken up?
NYU professor and “The Four” author Scott Galloway talks with Recode’s Kara Swisher about how Facebook, Amazon, Apple, Tesla and other tech leaders are faring in an era of techlash. Galloway says many of these businesses, despite good intentions, have too much power and should be broken up. It's the responsibility of anyone who’s unhappy about privacy violations to elect lawmakers who will rein them in, he says. Previously having predicted the Amazon-Whole Foods acquisition, he makes a slew of new predictions, including: Snap will have to be acquired because it can’t compete with Facebook; Amazon will beat Apple to a $1 trillion market cap even though Apple is currently much closer to that milestone; and the Cambridge Analytica scandal may have undermined Facebook COO Sheryl Sandberg’s ability to run for president one day. He also criticizes Tesla CEO Elon Musk for his “immaturity” on a recent call with shareholders and pleads for Amazon CEO Jeff Bezos to help create a future of work that won’t rely on citizens receiving a universal guaranteed income.
Key Smash Notes In This Episode
No segments available for this episode yet.