Bloomberg Intelligence BI Weekend: FCC Policy, Citi Bonuses, US Earnings
8 snips
Nov 29, 2024 In this discussion, KR Sridhar, CEO of Bloom Energy, shares insights on the recent fuel cell supply deal with AEP, emphasizing the efficiency gains for energy solutions. Lindsay Dutch, Senior Analyst in Consumer Hardlines, analyzes the contrasting earnings results from Best Buy and Dick's Sporting Goods, highlighting Dick's growth while Best Buy faces demand challenges. The conversation also explores implications of regulatory changes for big tech and Citigroup's bonus strategies aimed at talent retention in their banking sector.
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Big Tech Scrutiny
- Big Tech's liability shield, protecting them from lawsuits over user-generated content, is under scrutiny.
- The FCC might push to change this shield, influencing Congress or the Supreme Court.
FCC's New Direction
- Brendan Carr, likely the next FCC chair, is a free-market Republican concerned about anti-conservative bias in media.
- Expect deregulation alongside actions addressing perceived bias.
Impact on Social Media
- If the liability shield disappears, social media companies like Meta and Alphabet could face increased litigation.
- This would significantly impact their costs due to potential lawsuits over harmful content.