Galloway: Mark Zuckerberg has had a good year. He's been the ultimate heat shield for every other tech company and then TikTok and Elon showed up. Snap really got kicked in the teeth, even though my kids use it all the time. I love snap, I think Evan Spiegel is just such an impressive young man. But with Apple and Amazon and Netflix now showing up and trying to get advertisers to spend money on their platforms, he can't compete. It'll be interesting what the year of efficiency means,. but it's a tear, that word is such a dull word.
The Fed eases up on the brakes, Elon Musk looks for new ways to monetize Twitter, and Snap has another rough quarter. Also: Meta may have prevailed in a fight with the FTC. Today’s Friend of Pivot is Jonathan Kanter, Assistant Attorney General for the Antitrust Division at the DOJ. He stops by to discuss Google, antitrust, and his agency's fight against monopolies.
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