Pivot Facebook's monopoly reckoning, the Pfizer vaccine begins, and predictions for Airbnb stock
Dec 11, 2020
This discussion dives into the FTC's lawsuit against Facebook, accusing it of monopolistic practices. They also celebrate the UK as the first to roll out the COVID-19 vaccine to a non-trial recipient, reflecting on vaccine distribution. In listener mail, insights on Apple's new chip are shared. Predictions about Airbnb's stock performance reveal market dynamics and the impact of the pandemic on tech companies. The episode expertly intertwines themes of corporate responsibility, tech regulation, and the evolving landscape of social media.
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Facebook Antitrust Lawsuit
- The FTC sued Facebook for being a social media monopoly, accusing it of eliminating competition through acquisitions.
- Many states joined the lawsuit, alleging a pattern of anti-competitive behavior.
Vaccine Rollout Begins
- The first COVID-19 vaccine doses were administered in the UK, marking a significant step towards ending the pandemic.
- Widespread vaccination is crucial for achieving herd immunity and returning to normal life.
DoorDash IPO Success
- DoorDash's IPO was a "blockbuster," with its stock price closing significantly higher than its initial offering.
- This reflects current market trends favoring tech disruptors, despite DoorDash's financial losses.