Breaking Points with Krystal and Saagar 1/30/23 BP Partners: LastPass, Billionaire Censorship and The French General Strike!
Jan 30, 2023
Matt Stoller, an antitrust policy analyst and author of "Big," dives into the ramifications of the LastPass security breach, shedding light on the conflict between profit motives and user security in tech. He also discusses the implications of billionaire censorship and its effect on free speech. The conversation later shifts to the inspiring French general strike against pension reforms, highlighting the labor movement's power in advocating for workers' rights and the importance of solidarity in the face of economic challenges.
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LastPass Breach
- LastPass, a popular password manager, was acquired by private equity firms.
- These firms raised prices and then suffered a major data breach, highlighting the risks of private equity ownership.
Private Equity and Security Risks
- Private equity's short-term focus incentivizes cutting costs and raising prices, often at the expense of security.
- This makes private equity ownership of software firms a security risk.
Beto O'Rourke Lawsuit
- Beto O'Rourke is being sued for defamation after criticizing a gas executive's political donation.
- This lawsuit could set a precedent, chilling free speech about money in politics.