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Welcome. 
So people read the Facebook 

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Stories? 
Yes. 

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How can we not read the Facebook
stories? 

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They're really good. 
And I'm somebody like, I mean 

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loves to ignore Facebook. 
Stories. 

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This is a clearly Pulitzer 
Contender for sure. 

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Well, what's funny about it is 
like the times are we? 

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I guess this is. 
This is how but here's the 

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reason I actually you know I 
think the journal is paint be 

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doing a better job on this is 
that the New York Times was 

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always struck stuck in this 
situation talking about the 

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election and and Russia with 
like how can we prove the 

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impact? 
I mean, you know there's 

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obviously something to be said 
about whether disinformation 

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cause certain people to not 
vote. 

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Whatever. 
But, you know, I remember when 

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it came to privacy and like a 
lack of interest and user 

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privacy. 
There was a piece of the times 

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did, in which they were 
literally taking reporters 

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outside, like, in New York and, 
like accosting. 

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Regular people showing them how,
you know, their data was no 

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longer safe for, or kept private
on Facebook and they're like, 

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doesn't this make you mad? 
Doesn't this make you mad? 

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And it was the strangest story 
but it was also to be very clear

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that we're like. 
Okay look we've got to prove, 

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you know, real world impact of 
this to be a stronger Pulitzer 

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piece and so they went and did 
that. 

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And it was this completely 
forgettable story that I think 

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kind of prove that it's very 
tough which we were kind of 

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talking about last week with a 
lot of tech stories to like, 

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explain to lay people why this 
matters and if you can make the 

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case that that's the reason 
Trump won. 

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Okay? 
That's that's something. 

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But what the journal was very 
effective at with the story? 

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Do you want to give to you want 
to set up the stories real 

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quick? 
Just basically what the journal 

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has done is its amass. 
An enormous Trove of documents 

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and conducted scores of 
interviews with people who are 

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Company to show essentially that
the company knows that it is 

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doing harm in the world. 
That is really cognizant of 

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this. 
That it's have full 

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conversations internally with 
Executives and up to and 

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including the chief executive 
officer, Mark Zuckerberg and 

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that despite all of this changes
were not implemented swiftly and

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their public facing message has 
been that these harms that they 

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speak of, so clearly in their 
own internal Presentations and 

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internal corporate conversations
their public facing message. 

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Has been that these harms are 
not happening and so far, the 

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journal has laid out three and 
signal that we're going to see 

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more including on things like 
child sex trafficking. 

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But the three that they've 
currently laid out, include the 

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idea that Instagram, the popular
photo showing up where we see a 

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lot of celebrities and a lot of 
people looking really great. 

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That Instagram is, has 
contributed to the deleterious. 

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His can't has contributed to 
deleterious Mental Health. 

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Flex for young women and that 
it's known. 

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It's something the company has 
known something, the company has

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chosen not to address in order 
to preserve its business model. 

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It's also shown that the company
was well aware of the fact that 

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changes that it made to its 
algorithm in the way that people

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share news did not necessarily 
just increase bonds between 

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users, which was the stated goal
made them angry, but it made 

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them anger made them, it created
Division and that it encouraged 

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people to share and to engage 
out of a place of anger, hate 

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lack of trust, and all these 
things that we are legitimately 

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worried about in terms of its 
impact on democracy. 

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And then third was the original 
story that Jeff published which 

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I'm actually pulling up right 
now. 

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It was that the elite are 
exempt? 

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Yes, that right there is none 
from the rules x check process 

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and that not only are Elites 
exempt but that when Facebook 

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created its own board to 
adjudicate what to do about 

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high-profile users, It was not 
honest, with its own board, 

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about the fact that it had a 
program that whitelisted, the 

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behavior of high-profile users 
often times but not always bad 

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behavior, right? 
Yeah. 

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So, of the three pieces that 
have been published so far. 

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The one that I thought, really 
made the strongest case that 

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there is real impact to all of 
these problems is the one about 

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young women and Instagram 
because, and now I, you know, 

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you we can argue You whether or 
not I'm interested in you, which

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one's the worst is an 
interesting framing. 

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Oh, for sure. 
The one today about about - you 

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know, anger on Facebook granted,
it's also the one I've not read 

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the closest but I just feel like
again story. 

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Well, to me, it's the oldest 
Story. 

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I mean, like we're now mold many
years into this discussion over 

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Facebook and social media being 
- on our national discourse and 

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it only highlighting the most, 
you know, aggrieved sentiments. 

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And It being useful to 
Facebook's business model that 

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you know the most outspoken 
people are the ones who are the 

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angriest. 
So I just, I'd be shocked if 

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there's anything that feels 
strongly new to me. 

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Because, aside from the fact 
that there was internal teams at

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Facebook showing that we had 
data to back it up. 

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It's just, we don't know to meet
to me, we've been there and I 

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don't, obviously have a problem 
with people writing more stories

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about it but I just I'm going to
be less influenced by it than 

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something like. 
Well I thought the anger 12 me 

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my Ranking would be sort of how 
they treat the elites 

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differently. 
Then the anger one. 

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Then the teen girls one, I don't
know. 

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To me the teen girls story and 
you know, I have never been a 

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teen girl. 
No, but it seems, it seems more 

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about sort of, You Know, The 
Human Condition. 

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I don't know. 
It's like, well magazine, it's 

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used to show pictures, you know,
like different and also it's, 

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you know, different teen. 
Girls have different reactions 

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to Instagram. 
So part of the game of that. 

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Or he is basically to say, you 
know, oh this subsection, you 

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know, was made much worse but 
yeah you take any poles, some 

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people felt better because of 
it. 

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Some people felt worse and sort 
of the game of the story is to 

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just focus on the people who 
felt worse because of Instagram.

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I don't think that's correct. 
I think that what the story 

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shows us, not just that, I don't
think it's the game to show that

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only people who felt worse, are 
important. 

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I think, what's important is the
hypocrisy where the story A 

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shows that Facebook is cognizant
of a problem. 

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Instagram knows about a problem,
they discuss the problem, but in

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public, they say, we found the 
Instagram. 

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Actually makes people feel 
better about themselves. 

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That is that would cover up. 
Rocks of the story. 

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Is a cover up. 
Yeah, not some game by reporters

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today. 
Well, I was nip. 

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You late the idea that teen 
girls have bad self-esteem and 

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it's Instagram and I and what 
was so effective about it. 

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To me was they were able to pair
the findings from this internal 

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study with public statements 
that Zuckerberg had made that 

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Adam Very had made in which they
work as directly about this 

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topic in there, like, we found 
that. 

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It's actually good for you. 
I mean in real story that's been

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an important use of all three of
the stories we've seen so far 

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and I imagine it will be a very 
important piece of the stories 

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that you know, the subsequent 
stories in this year company. 

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They can't help lying, you know?
And the Wall Street Journal is 

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usually I mean they are very 
careful here. 

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I think even in calling fit 
saying that Facebook lied to its

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oversight board. 
They quote an of an independent 

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expert who reviewed the journals
findings and have that person 

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say that Facebook lied to the 
board. 

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And I think, I mean that, that 
shows sort of the Wall Street. 

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Journal's. 
I think we're straight in. 

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Yeah, we're doing these things 
which is super interesting but 

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but I mean, it's pretty clear 
that the Facebook just like lies

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and lies to everybody. 
And that allows these stories to

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keep coming because I mean I 
didn't I think that one of the 

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What has really been happening 
and with vis-à-vis Facebook in 

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the media is that after an 
extraordinary honeymoon period 

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with the press that was like 
bye. 

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It was almost like the business 
press forgot that Facebook was a

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business. 
It was extreme. 

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You saw even before the 2016 
election different reporters, 

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try to show that Facebook had a 
less than glowing happy side. 

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You saw The Wall Street Journal 
do in a story called, I believe 

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was what they know which took 
aim, it all sorts of tech 

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companies, not just Facebook, 
but the idea of tracking the 

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idea of surveillance, the idea 
of these companies really 

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understanding us better than we 
understand ourselves and then 

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selling in mining our data, you 
saw different reporters right 

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about the fact that Mark 
Zuckerberg and Sheryl Sandberg? 

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Probably more Mark than Cheryl 
at that time. 

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How weren't being forthcoming or
had made mistakes because of a 

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privacy. 
And that there was a sense that 

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inside of the Bunny. 
It was done knowingly, but that 

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publicly, the apology was 
always. 

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Oh my gosh, we're going to try 
harder, right? 

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I think my crew, we're getting 
to a point where because of 

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things like the election. 
The public is now, more on board

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for more critical stories about 
Facebook. 

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The reporters are getting more 
access to sources in part 

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because there's more discontent 
with within the company and the 

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company is making bigger and 
bigger and bigger error. 

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So, it's sort of this perfect 
storm of these stories are 

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starting to hit and have more 
More impact even if the 

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reporters can't, for example, 
prove that, you know, Facebook 

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had this disastrous impact on 
the election with 100 certitude 

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or even through Porter, can't 
prove it 100% servitude. 

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That Instagram is making teen 
girls more likely to have an 

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eating disorder. 
Certainly the public, you know, 

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the public isn't a place, the 
reporters are in a place, the 

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cultures and in place where 
these conversations are just 

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more interesting to us all the 
recording, right? 

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But another way of saying what 
you're saying is that Reporters 

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are ruled by the posture of the 
moment towards a particular 

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entity, right? 
Early on their way to not. 

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Okay, let me think that because 
there were reporters who weren't

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ruled by the posture of the 
moment who did, right, right? 

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There were investors means but 
they were dismissed by a lot of 

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what I think is, is interesting,
is two things. 

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One, I think there were a lot of
people myself included that 

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wondered and maybe thought that 
in a post Trump World, the need 

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to attack Facebook constantly or
sorry to investigate Facebook, 

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very aggressively. 
Was going to subside because 

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Facebook was sort of seen by 
many people as the enabler of 

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the Trump presidency for a lot 
of reasons. 

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And, you know, here we are 
however, many months in a Biden 

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presidency and there is still 
huge stories that are coming out

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from from the big newspapers 
showing that there are all kinds

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of problems internally. 
So, you know, I think there were

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a lot of people at Facebook that
thought it was going to go away.

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And clearly, it isn't well 
weird. 

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Contradiction of Facebook 
obviously, right. 

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I mean, Katie talked about this 
earlier that because the public 

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is now So cynical of Facebook 
because of the coverage in part,

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it's much easier to motivate 
like critical coverage of 

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Facebook, but of course, the 
public critiques and Facebook 

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are totally different. 
Right there is the Democrats who

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hate hate Facebook for a set of 
reasons and other Republicans 

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who hate Facebook's for 
perceived bias. 

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But then it's this sort of 
amalgam of contradictory 

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objections to Facebook that 
allow sort of these really 

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critical Facebook Stories to 
have much resonance. 

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I don't know. 
I I distinctly these stories 

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stay away from politics right 
with certain areas. 

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Great stories are really 
impactful in part because they 

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are addressing issues that no 
matter where you sit on the 

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political Spectrum or what part 
of the country you live in ya, 

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Urban or rural. 
You can't have not noticed how 

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toxic things are on Facebook, 
right? 

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Even this is an original point. 
But I to me, they read as 

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writing about Facebook as if 
it's the tobacco industry, 

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right? 
It's like a really internal 

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research. 
They did on Of. 

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Here's how they knew what they 
were selling you is bad. 

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Here's how when the regulator's 
came to them, they misled an 

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obfuscated. 
And and so yeah to me this is a 

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series that's really trying to 
frame Facebook as akin to the 

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tobacco industry. 
Now we can does a great job of 

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00:12:20,800 --> 00:12:22,700
that. 
Yeah and that's been that's been

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a comparison that's been going 
around for a couple of years. 

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Now I remember Marc benioff at 
some conference a couple of 

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years ago was explicit about 
Bout that which, you know, I 

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00:12:31,300 --> 00:12:33,800
think there's a lot of 
self-serving nests on the part 

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of tech Executives to call out 
Facebook. 

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I mean, certainly apple is the 
best example of that, you know, 

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when Tim Cook was going around 
saying that they're stealing 

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your data and apple is the 
Privacy protection company, 

239
00:12:44,800 --> 00:12:46,500
right? 
Yeah, there's a lot of that 

240
00:12:46,500 --> 00:12:48,600
going on there. 
I have a tough time with the 

241
00:12:48,600 --> 00:12:52,400
tobacco comparison. 
I don't think it's a it. 

242
00:12:52,400 --> 00:12:55,200
I don't think it stands up to 
much scrutiny other than it 

243
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speaks to like the power of 
business. 

244
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I think there's a huge 
difference between an addictive 

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00:12:59,900 --> 00:13:03,900
Product that has only 
deleterious health effects to 

246
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something like, you know, the 
national discourse that Facebook

247
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is affecting or teen self-image.
That Facebook is affecting, 

248
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which are so much more 
challenging. 

249
00:13:12,600 --> 00:13:14,500
I mean there's sociological 
problems are not health 

250
00:13:14,500 --> 00:13:17,000
problems. 
You can add are thinking real 

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science, you know, in a decade. 
I don't know what we could but 

252
00:13:20,800 --> 00:13:24,500
looking back I think decade that
we expect technology to protect 

253
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us from what we could thinking 
of decade that this was a 

254
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hysteria. 
You know, I mean I thought there

255
00:13:28,900 --> 00:13:32,400
was a great there is A great 
story that Joe Bernstein wrote 

256
00:13:32,400 --> 00:13:35,300
for. 
I don't remember where he was 

257
00:13:35,300 --> 00:13:37,600
orders. 
Yeah yeah like a buzzfeed 

258
00:13:37,600 --> 00:13:39,200
reporter. 
I think we took a year off and 

259
00:13:39,200 --> 00:13:41,800
did some, you know, I thought 
deeper anything research 

260
00:13:41,800 --> 00:13:43,100
fellowships. 
Yeah. 

261
00:13:43,200 --> 00:13:44,800
Yeah. 
And he made a really strong case

262
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that like look, we just don't 
really know the effect that 

263
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anything has on on the way we 
think. 

264
00:13:49,800 --> 00:13:52,500
And you could argue that 
advertising which is, you know, 

265
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influential advertising, that is
the base of how so much of our 

266
00:13:56,500 --> 00:13:58,200
economy Works. 
Maybe that's not even that 

267
00:13:58,200 --> 00:14:02,600
effective too. 
And so to basically say there's 

268
00:14:02,600 --> 00:14:05,500
there's the really cynical 
argument that the storyline that

269
00:14:05,500 --> 00:14:08,500
Facebook is able to manipulate 
us as fundamentally good for 

270
00:14:08,500 --> 00:14:10,700
Facebook's business. 
Because it convinces advertising

271
00:14:10,700 --> 00:14:13,900
writers, write its this 
all-powerful platform with which

272
00:14:13,900 --> 00:14:17,500
to control the public. 
And so, as much as Facebook 

273
00:14:17,500 --> 00:14:21,400
wants to resist that when it 
comes to dealing with lawmakers,

274
00:14:21,400 --> 00:14:26,100
it's sort of a reputation that 
it's not totally opposed, right?

275
00:14:26,100 --> 00:14:28,500
Just like the idea of cigarettes
are extremely addictive, is not 

276
00:14:28,500 --> 00:14:30,700
necessarily bad for an industry.
See, that's trying to convince 

277
00:14:30,700 --> 00:14:32,300
investors that can always get 
customer. 

278
00:14:33,100 --> 00:14:35,200
He's right. 
It's a great business model. 

279
00:14:35,200 --> 00:14:36,500
Good. 
All right. 

280
00:14:36,500 --> 00:14:38,900
Yeah, yeah. 
But you know, I wonder what will

281
00:14:38,900 --> 00:14:41,300
happen. 
I mean, to a certain extent 

282
00:14:41,300 --> 00:14:44,000
despite the fact that it's great
reporting in the Wall Street 

283
00:14:44,000 --> 00:14:47,500
Journal and it's important to 
expose internal tensions over 

284
00:14:47,500 --> 00:14:49,800
things like this that some of 
these subjects are better 

285
00:14:49,800 --> 00:14:52,600
discussed and like academic 
journals and and mental health 

286
00:14:52,600 --> 00:14:55,600
journals because it's their this
is going to move the public. 

287
00:14:55,600 --> 00:14:59,100
Yeah well and also I think Tom 
the real problem, the real place

288
00:14:59,100 --> 00:15:01,800
where the Comparison between the
tobacco industry and Facebook 

289
00:15:01,800 --> 00:15:03,900
breaks down. 
Is it a backhoe industry was 

290
00:15:03,900 --> 00:15:07,200
creating a product that we 
smoked or at least? 

291
00:15:07,200 --> 00:15:09,300
Then I smoked. 
But we were creating a product 

292
00:15:09,400 --> 00:15:14,500
that they could that they could 
stop not anymore kids, but 

293
00:15:14,600 --> 00:15:18,100
creating a product that that you
we could stop production of you 

294
00:15:18,100 --> 00:15:21,700
can shut down a tobacco Factory.
You don't need to harvest the 

295
00:15:21,700 --> 00:15:24,200
crop anymore. 
You cannot make a cigarette. 

296
00:15:24,700 --> 00:15:27,600
Facebook is creating a product 
that we actually create as 

297
00:15:27,600 --> 00:15:29,500
people. 
And so there's no way to shut 

298
00:15:29,500 --> 00:15:31,400
down. 
Down production on Facebook 

299
00:15:31,400 --> 00:15:33,600
because it would mean, everybody
would just have to leave the 

300
00:15:33,600 --> 00:15:36,200
platform. 
I just spent the summer in New 

301
00:15:36,200 --> 00:15:39,200
England, if you are not in a 
place where for example, small 

302
00:15:39,200 --> 00:15:44,100
businesses towns Municipal 
Services have created their own 

303
00:15:44,100 --> 00:15:47,000
websites, they all live on 
Facebook, you're not going to 

304
00:15:47,000 --> 00:15:48,900
know what's going on with your 
kids elementary school. 

305
00:15:49,100 --> 00:15:51,500
If you live in rural, Maine, 
unless you're on Facebook, 

306
00:15:51,500 --> 00:15:53,500
you're not going to get not know
what's going on with your fire 

307
00:15:53,500 --> 00:15:55,600
department, if you're a 
Massachusetts, unless you're on 

308
00:15:55,600 --> 00:15:58,800
Facebook dark. 
So, I mean, what what so you 

309
00:15:58,800 --> 00:16:02,200
can't shut off. 
The cigarette factory when it 

310
00:16:02,200 --> 00:16:04,500
comes to Facebook. 
Yeah. 

311
00:16:04,800 --> 00:16:07,400
And and it gets complicated and 
the journal story dealt with 

312
00:16:07,400 --> 00:16:10,100
this to about like, well what 
are the other social media 

313
00:16:10,100 --> 00:16:12,900
platforms doing and are they 
better for our mental health 

314
00:16:12,900 --> 00:16:15,700
than that and I know from 
covering snap that there is a 

315
00:16:15,700 --> 00:16:18,600
deep belief on you know, the CEO
Evan Spiegel is part. 

316
00:16:18,600 --> 00:16:20,900
A lot of people there that like 
we did it right? 

317
00:16:21,000 --> 00:16:24,900
You know, we have moderated, the
new section, we don't allow for 

318
00:16:25,200 --> 00:16:27,900
Mass amplification of false 
stories. 

319
00:16:28,500 --> 00:16:30,400
And then I think the journal 
story Also mentioned like oh 

320
00:16:30,400 --> 00:16:33,500
Tick-Tock doesn't really, you 
know, hurt your mental health 

321
00:16:33,500 --> 00:16:36,600
because it's more about being 
fun than it is about, you know. 

322
00:16:36,608 --> 00:16:38,600
It is fun. 
Would it take it consumes so 

323
00:16:38,600 --> 00:16:41,100
much of my time? 
I mean, it is and I never 

324
00:16:41,100 --> 00:16:45,100
remember anything. 
I believe my mental health has 

325
00:16:45,100 --> 00:16:47,600
been impaired in some, right, 
right. 

326
00:16:47,600 --> 00:16:50,800
I feel like I just skipped over 
that period of time, like I it's

327
00:16:50,800 --> 00:16:53,900
just like I'm a racing time for 
my life where after it's done. 

328
00:16:53,900 --> 00:16:56,000
I'm like what did I get out of 
it? 

329
00:16:56,000 --> 00:16:57,800
You know what I mean? 
Yeah, I enjoyed it. 

330
00:16:57,800 --> 00:17:02,300
I guess while I was consuming 
it, To me, like the craziest 

331
00:17:02,300 --> 00:17:06,500
kind of cover-up on the part of 
a corporation that I can think 

332
00:17:06,500 --> 00:17:09,300
of that's happened in the last 
however, many decades was X on 

333
00:17:09,800 --> 00:17:12,300
knowing full, well about global 
warming. 

334
00:17:12,800 --> 00:17:16,500
And the fact that they had done 
studies showing that, you know, 

335
00:17:16,500 --> 00:17:19,500
the consumption of fossil fuels 
is contributing to carbon in the

336
00:17:19,500 --> 00:17:21,500
atmosphere and raising 
temperatures because that was 

337
00:17:21,500 --> 00:17:24,800
something that I don't believe 
was widely known at all at the 

338
00:17:24,808 --> 00:17:26,099
time. 
I mean this was something that 

339
00:17:26,099 --> 00:17:30,100
was like years and years before 
Al Gore was making his political

340
00:17:30,200 --> 00:17:33,900
Koval career off of it and, you 
know, like, cigarettes people 

341
00:17:33,900 --> 00:17:36,300
probably knew for a long time, 
maybe not that it was addictive 

342
00:17:36,300 --> 00:17:38,300
but that, you know, it wasn't 
good for your health. 

343
00:17:38,700 --> 00:17:40,700
And then with Facebook, there 
have been a lot of third-party 

344
00:17:40,700 --> 00:17:42,900
studies that have gone on for a 
long time. 

345
00:17:42,900 --> 00:17:45,900
Saying like, yeah, this is 
really fucking with young girls 

346
00:17:45,900 --> 00:17:48,600
brains. 
I think a clear thing on Venus, 

347
00:17:48,600 --> 00:17:51,700
on the Exxon poor women's Brains
to jfy. 

348
00:17:51,700 --> 00:17:55,300
I say as a senior citizen on the
Exxon point, I mean, I just 

349
00:17:55,300 --> 00:17:57,500
think an important thing to 
remember in these stories is 

350
00:17:57,500 --> 00:18:01,800
that the companies think about 
themselves way More than we do, 

351
00:18:01,800 --> 00:18:03,400
right? 
I mean, Facebook is obviously 

352
00:18:03,400 --> 00:18:06,100
doing this research on 
themselves, like they 

353
00:18:06,100 --> 00:18:09,000
professionally. 
The culture is just much slower 

354
00:18:09,200 --> 00:18:12,700
to sort of digest all the 
different problems that these 

355
00:18:12,700 --> 00:18:15,900
companies have whereas they're 
professionally interested as a 

356
00:18:15,900 --> 00:18:19,500
regular routine in the 90s 
people didn't know about 

357
00:18:19,500 --> 00:18:22,100
ExxonMobil, the culture, it was 
in the culture. 

358
00:18:22,100 --> 00:18:25,000
What the difference was was the 
no I'm not saying that people 

359
00:18:25,000 --> 00:18:26,900
didn't know about. 
No, I was just I was actually 

360
00:18:26,900 --> 00:18:31,400
harm said about like people not 
Ali knowing people don't 

361
00:18:31,400 --> 00:18:35,000
understand the difference was 
that they were finally nailed 

362
00:18:35,000 --> 00:18:37,000
through. 
Variety of things including 

363
00:18:37,000 --> 00:18:40,000
reporting including 
Congressional hearings, where 

364
00:18:40,000 --> 00:18:43,200
documents came to light, showing
that their critics had been 

365
00:18:43,200 --> 00:18:45,400
correct. 
I may be Exxon like the their 

366
00:18:45,400 --> 00:18:47,400
initial studies happen in like 
the late 70s. 

367
00:18:47,500 --> 00:18:48,800
Yeah. 
They cover things up for a long 

368
00:18:48,800 --> 00:18:52,100
time, this might be a tangent 
but you know what? 

369
00:18:52,100 --> 00:18:55,100
September 11th. 
There was this whole like 

370
00:18:55,100 --> 00:19:00,100
copypasta going around around 
that flight where the, you know,

371
00:19:00,800 --> 00:19:03,800
The people took it over and 
stopped it from being used by 

372
00:19:03,800 --> 00:19:05,800
the hijackers. 
What's nine point ninety? 

373
00:19:05,800 --> 00:19:09,500
Three. 
I know my pet like wow the tax 

374
00:19:09,500 --> 00:19:12,600
just had our 20th anniversary, 
the tax light with the text 

375
00:19:12,600 --> 00:19:15,400
people were posting Eric was 
like for was fake. 

376
00:19:15,500 --> 00:19:17,500
You know it's like created by 
some Christian sites. 

377
00:19:17,500 --> 00:19:20,700
Nopes fact checked in you know 
they say it ends in a prayer. 

378
00:19:20,700 --> 00:19:24,500
Like it's based on truth, the 
facts but they like made a whole

379
00:19:24,500 --> 00:19:27,300
fake transcript. 
Nobody online like gives a fuck 

380
00:19:27,300 --> 00:19:29,600
about it. 
Probably more people read that 

381
00:19:29,600 --> 00:19:32,900
story than have ever. 
I read my cumulative writing 

382
00:19:33,100 --> 00:19:37,200
ever and it's just like totally 
made up and I don't know what's 

383
00:19:37,200 --> 00:19:38,400
my objection here. 
It's just that. 

384
00:19:38,400 --> 00:19:42,700
At the end of the day Facebook's
capacity to distribute things is

385
00:19:42,700 --> 00:19:45,900
what you know. 
If you just made up one fake 

386
00:19:45,900 --> 00:19:49,600
post and told it to one person 
that would have had a small 

387
00:19:49,600 --> 00:19:52,800
impact, maybe it would have been
wrong or like, deceitful, but it

388
00:19:52,800 --> 00:19:56,000
would have been small. 
But now every major we have all 

389
00:19:56,000 --> 00:20:00,100
these like fake just for the 
extinct because of Facebook. 

390
00:20:01,700 --> 00:20:04,200
I was gonna say in part because 
of us because Facebook allows 

391
00:20:04,200 --> 00:20:08,200
you and me to post, pretty much.
We don't care about the truth. 

392
00:20:08,200 --> 00:20:11,700
People don't get it then. 
So until Facebook, clamps down 

393
00:20:11,700 --> 00:20:15,700
in some way, right? 
And our ability to post, 

394
00:20:15,700 --> 00:20:19,300
whatever we want in real time, 
they can take it down later but 

395
00:20:19,300 --> 00:20:20,400
a lot of damage can be done 
before. 

396
00:20:20,400 --> 00:20:23,400
It's taken down until that 
happens, it's really hard to see

397
00:20:23,400 --> 00:20:26,600
a solution but as an aside 
because you guys we've talked 

398
00:20:26,600 --> 00:20:28,800
about BuzzFeed what's going on 
with Vice. 

399
00:20:28,800 --> 00:20:30,400
That's that's falling apart. 
Like what? 

400
00:20:30,600 --> 00:20:31,500
Let's go. 
Is it? 

401
00:20:31,700 --> 00:20:33,100
It's not happening. 
Yeah, no snow. 

402
00:20:33,300 --> 00:20:36,200
Does that mean we have no voice 
someday with? 

403
00:20:36,300 --> 00:20:38,200
No, they raised. 
They raised more money. 

404
00:20:38,600 --> 00:20:41,600
I can, I can give a shout-out to
my, former colleague, Jessica to

405
00:20:41,600 --> 00:20:44,700
Uncle who wrote the piece on it.
They that you have this back 

406
00:20:44,700 --> 00:20:47,500
fell apart and they were able to
squeeze more money out of their 

407
00:20:47,500 --> 00:20:50,400
investors. 
And so, it's your call. 

408
00:20:50,400 --> 00:20:58,700
Whether investors now that the 
pivot to videos, always worked 

409
00:20:58,700 --> 00:21:00,400
out for everyone. 
Yeah, it's really nice. 

410
00:21:00,600 --> 00:21:03,800
TV channel at this point. 
So happy I'm not writing about 

411
00:21:03,800 --> 00:21:07,500
this shit anymore. 
So walking a happy isn't vice 

412
00:21:07,500 --> 00:21:11,600
vice is one of those companies 
where if you polled reporters 

413
00:21:11,600 --> 00:21:14,600
back then everybody covering it.
What it said, this is a disaster

414
00:21:14,600 --> 00:21:17,000
that's never going to work. 
Oh, is he faster? 

415
00:21:17,000 --> 00:21:20,000
That's never going to work? 
Yeah, I mean, obviously 

416
00:21:20,000 --> 00:21:22,500
reporter. 
The reporter consensus is wrong.

417
00:21:22,500 --> 00:21:26,800
Some of the time but it it is 
always like, is it like, what 

418
00:21:26,800 --> 00:21:28,800
are the main ones? 
That's interesting. 

419
00:21:28,800 --> 00:21:31,400
Sidebar, I'd be interested to 
hear the Ones where you think 

420
00:21:31,400 --> 00:21:33,400
the reporter can? 
I mean, Facebook dying in the 

421
00:21:33,400 --> 00:21:35,800
pivot to mobile Facebook? 
Early days? 

422
00:21:36,800 --> 00:21:39,000
We report. 
I mean that was before us but 

423
00:21:39,000 --> 00:21:42,100
reporters were see entire 
mythology that the media helps 

424
00:21:42,100 --> 00:21:47,500
support, that technology 
companies were were good forces 

425
00:21:47,500 --> 00:21:50,200
for good in the world rather 
than John we're talking about, 

426
00:21:50,200 --> 00:21:52,100
picks on, like particular valve.
Okay. 

427
00:21:52,100 --> 00:21:53,500
Yeah. 
Alright, face. 

428
00:21:53,500 --> 00:21:56,100
Where reporters were super wrong
on likes? 

429
00:21:56,100 --> 00:21:58,600
I think there were a lot of 
people who actually said that 

430
00:21:58,600 --> 00:22:01,700
Vice was going to be this huge 
force in media and then to those

431
00:22:01,700 --> 00:22:04,900
people believe it or they're 
just like I'm sure but it'll but

432
00:22:04,900 --> 00:22:06,400
Vice was almost all to Disney 
for a bit. 

433
00:22:06,700 --> 00:22:09,400
Dollars if somebody believed it 
for a hot second more more than 

434
00:22:09,400 --> 00:22:09,900
that. 
Yeah. 

435
00:22:09,900 --> 00:22:14,800
I mean it was they yeah it's a 
complicated story because they 

436
00:22:14,900 --> 00:22:17,300
like all of these media 
companies raise a shitload of 

437
00:22:17,300 --> 00:22:21,400
money during a time where there 
was a belief that these digital 

438
00:22:21,400 --> 00:22:24,400
media companies were actually 
tech companies and should be 

439
00:22:24,400 --> 00:22:27,900
valued on these like insanely 
large multiples and that it 

440
00:22:27,900 --> 00:22:30,100
wasn't going to be two companies
that swallowed up all the 

441
00:22:30,108 --> 00:22:33,200
digital advertising dollars over
the next couple of years. 

442
00:22:33,200 --> 00:22:36,700
And so their growth trajectory 
is all got completely thrown Own

443
00:22:36,700 --> 00:22:39,600
off and I don't know like 
buzzfeed's probably going to go 

444
00:22:39,600 --> 00:22:42,500
public through its back so we 
can see what that looks like. 

445
00:22:42,700 --> 00:22:45,400
I still think a lot of these 
companies man were way off here,

446
00:22:45,800 --> 00:22:49,000
like it's not like it's like the
end of Candyland when you go 

447
00:22:49,000 --> 00:22:51,100
public, like, you still have to 
be a company. 

448
00:22:51,400 --> 00:22:54,100
Is it, is it weird for me to 
feel like, BuzzFeed is starting 

449
00:22:54,100 --> 00:22:57,900
to be this like, receptacle for 
all sorts of companies that 

450
00:22:57,900 --> 00:22:59,700
can't exit. 
So, they're just glomming onto 

451
00:22:59,700 --> 00:23:01,700
buzzfeed's thing. 
Get out through this back. 

452
00:23:02,000 --> 00:23:04,900
Like this pack is going to 
collapse under the weight of 4 

453
00:23:04,900 --> 00:23:07,800
million Acquisitions before The 
end of the year. 

454
00:23:08,500 --> 00:23:11,100
Yeah, I mean, well, this pack 
Market clearly is already 

455
00:23:11,700 --> 00:23:14,200
falling apart anyway. 
I mean, I guess we should have 

456
00:23:14,200 --> 00:23:17,100
Brian Goldberg on here some 
week, so he can tell us why. 

457
00:23:17,100 --> 00:23:20,300
I text, you sent me a quote 
defending BuzzFeed for one of my

458
00:23:20,300 --> 00:23:24,000
newsletters that was like, I 
just obviously like, well, 

459
00:23:24,000 --> 00:23:26,100
whatever's good for BuzzFeed is 
good for me. 

460
00:23:26,100 --> 00:23:29,600
So I'm gonna say, you know, I 
will say about about Vice. 

461
00:23:29,600 --> 00:23:32,600
I don't watch their TV show 
because it's on cable, I mean, 

462
00:23:32,600 --> 00:23:36,700
that's it, unbelievably stupid, 
or it was, I think now, Oh, it's

463
00:23:36,700 --> 00:23:38,900
on Hulu or something. 
I've heard it was pretty good, 

464
00:23:38,900 --> 00:23:41,700
but like their Tech reporting is
good like they're, you know, 

465
00:23:41,700 --> 00:23:44,100
motherboard has some pretty 
great stories still. 

466
00:23:44,500 --> 00:23:45,200
Yeah. 
Yeah. 

467
00:23:45,208 --> 00:23:47,500
No. 
Like yeah, like Joseph Cox who 

468
00:23:47,500 --> 00:23:50,800
does their kind of security? 
Cybersecurity stories? 

469
00:23:50,800 --> 00:23:54,100
Is like he will put out like a 
great story at least a month. 

470
00:23:55,000 --> 00:23:56,800
I'm super envious of a lot of 
their work. 

471
00:23:56,800 --> 00:23:59,500
So I hope the business does well
because it's like, it's still 

472
00:23:59,500 --> 00:24:02,200
good journalism. 
It's just I don't know how much 

473
00:24:02,200 --> 00:24:05,600
stock I put in that business 
model, right again, we never 

474
00:24:05,600 --> 00:24:09,000
talked about how I'm so happy. 
Not the immediate report every 

475
00:24:09,300 --> 00:24:11,800
every time we have these 
conversations, it makes me glad 

476
00:24:11,800 --> 00:24:13,900
her and glad you saw Adam 
moceri. 

477
00:24:13,900 --> 00:24:18,600
The head of Instagram, you who 
was quoted in the teen. 

478
00:24:18,600 --> 00:24:21,300
Girls story was at the Met Gala,
right? 

479
00:24:21,300 --> 00:24:23,700
Here's one of the chairs Eric 
get it together. 

480
00:24:23,700 --> 00:24:26,800
He was one of the she's one of 
the chairs and I posted the 

481
00:24:26,800 --> 00:24:29,500
pictures. 
Like what's the beautiful eyes? 

482
00:24:29,500 --> 00:24:32,000
What's the Instagram version of 
Let them eat cake. 

483
00:24:32,000 --> 00:24:36,400
Like I can't believe he went 
with the timing of that story. 

484
00:24:36,500 --> 00:24:40,500
I mean that's true is probably 
in the works for so long, right?

485
00:24:40,600 --> 00:24:43,600
And he agreed to be the chair. 
Probably a year ago. 

486
00:24:44,700 --> 00:24:45,700
Yeah. 
Elsa. 

487
00:24:45,700 --> 00:24:47,700
His outfit looked like he was 
like fucking Alice in 

488
00:24:47,700 --> 00:24:49,700
Wonderland. 
I mean, everybody. 

489
00:24:50,200 --> 00:24:54,600
The megaliths out. 
We're not very good, but You 

490
00:24:54,600 --> 00:24:58,000
know, what is it about being the
head of Instagram that causes 

491
00:24:58,000 --> 00:25:00,300
these Executives to think that 
their Fashion Icon. 

492
00:25:00,300 --> 00:25:01,500
Well, that's sort of 
interesting. 

493
00:25:01,500 --> 00:25:05,000
You've actually seen a lot of 
people from magazines and the 

494
00:25:05,000 --> 00:25:09,700
fashion world like, Vanity, Fair
and bow, go to Amazon, and apple

495
00:25:09,700 --> 00:25:15,400
and, you know, Instagram Etc. 
So, there is this weird way in 

496
00:25:15,400 --> 00:25:18,500
which the fashion world has been
trying to court technology in 

497
00:25:18,500 --> 00:25:22,300
part because technology, 
especially Instagram has really 

498
00:25:22,900 --> 00:25:27,100
taken a lot of Glossy magazine, 
world's clever way, not just an 

499
00:25:27,100 --> 00:25:30,100
advertising but also in 
trend-setting. 

500
00:25:30,400 --> 00:25:33,300
So if you look at what was 
happening with this year's New 

501
00:25:33,300 --> 00:25:36,300
York Fashion Week, you saw a lot
of things that didn't really 

502
00:25:36,300 --> 00:25:39,300
feel like they made sense, they 
were, they've been on a drawing 

503
00:25:39,300 --> 00:25:42,900
board for a year and a half 
speaking to a cultural moment 

504
00:25:42,900 --> 00:25:46,400
that is no longer exist because 
life is moving so quickly. 

505
00:25:46,700 --> 00:25:48,600
And that's what we saw at New 
York Fashion Week. 

506
00:25:48,700 --> 00:25:51,400
Whereas people who are on 
Instagram posting that entire 

507
00:25:51,400 --> 00:25:54,100
time, they were setting and 
resetting micro trends. 

508
00:25:54,200 --> 00:25:57,900
It's for the entire last year 
and that moves you know, 

509
00:25:58,300 --> 00:26:00,900
commercial buying that moves 
merchandise. 

510
00:26:00,900 --> 00:26:04,600
So you know there's a way in 
which vogue's ability to tell 

511
00:26:04,600 --> 00:26:06,800
people what they're going to 
wear, has been greatly 

512
00:26:06,800 --> 00:26:09,600
diminished because of a company 
like Instagram Kevin. 

513
00:26:09,600 --> 00:26:12,500
So there isn't, so there isn't 
but it's real value. 

514
00:26:12,500 --> 00:26:15,800
Anna, Wintour wants Instagram 
there, I definitely think 

515
00:26:15,800 --> 00:26:18,800
Instagram is setting fashion far
more than Vogue. 

516
00:26:18,800 --> 00:26:21,800
I would say even much more. 
Like what you're saying 10x? 

517
00:26:21,800 --> 00:26:24,000
I agree. 100%. 
I just think the laughable. 

518
00:26:24,200 --> 00:26:27,200
Thing is that the person who 
happens to run the corporate 

519
00:26:27,200 --> 00:26:30,400
structure that is Instagram 
matters no style at all in that 

520
00:26:30,400 --> 00:26:31,700
world. 
You know, like all you're doing 

521
00:26:31,700 --> 00:26:34,300
is channeling like a long tail 
of fashion. 

522
00:26:34,300 --> 00:26:37,500
People the corporate structures.
I mean, if you receive your 

523
00:26:37,500 --> 00:26:42,600
medal and moved to San Francisco
and we went, I think we went to 

524
00:26:42,600 --> 00:26:49,100
a bar, we met, we had to leave 
because I was the only reward, I

525
00:26:49,100 --> 00:26:54,000
think Valencia area Mission, it 
was so hilarious, man ever seen.

526
00:26:54,100 --> 00:26:58,500
Anything like it like he sure 
it's paired with slacks paired 

527
00:26:58,500 --> 00:27:03,600
with man, Bernice Ox. 
Well, it's back to like the 

528
00:27:03,600 --> 00:27:06,700
fashion Tech connection to. 
I mean this is what has been 

529
00:27:06,700 --> 00:27:09,100
going on for a couple of years 
in the funniest example of it. 

530
00:27:09,100 --> 00:27:12,900
To me was the I think it's still
probably going to happen but the

531
00:27:12,900 --> 00:27:20,100
Vanity Fair Tech media new 
establishment which was mostly 

532
00:27:20,100 --> 00:27:23,100
old. 
Entertainment Executives and 

533
00:27:23,100 --> 00:27:25,800
their six people, but one year, 
they had Kevin Systrom. 

534
00:27:25,800 --> 00:27:29,800
Who was then the still the CEO 
of Instagram on stage with. 

535
00:27:30,300 --> 00:27:33,600
I think interviewed by maybe on 
a winter or something like that.

536
00:27:33,600 --> 00:27:41,100
Yeah, info and Lena Dunham. 
And yeah, and I was seeing like 

537
00:27:41,100 --> 00:27:44,900
Kevin up on stage, talking about
Paris, fashion week or some shit

538
00:27:44,900 --> 00:27:47,600
like that dress, like he was in 
sprockets or something. 

539
00:27:47,800 --> 00:27:50,900
And it was like, this is 
something about this job. 

540
00:27:51,700 --> 00:27:55,500
Yeah, something about this job, 
like warps the brains of tech 

541
00:27:55,500 --> 00:27:58,000
Executives to think that 
they're, like, fashion forward 

542
00:27:58,000 --> 00:28:00,600
and just just wealth. 
Fucking like, yeah, I guess 

543
00:28:00,600 --> 00:28:02,100
that's who they're all like. 
Carl logging. 

544
00:28:03,000 --> 00:28:04,200
And like, three weeks earlier. 
They were. 

545
00:28:04,208 --> 00:28:06,900
Yeah, they were probably hanging
out on zux, like, you know, 

546
00:28:06,900 --> 00:28:11,400
Kawaii compound like wearing, 
you know, sandals and socks and 

547
00:28:11,500 --> 00:28:13,600
whatever thoughts are actually 
kind of in right now. 

548
00:28:13,600 --> 00:28:16,600
Tom are they? 
But that is why they get 

549
00:28:16,600 --> 00:28:20,100
invited, but they but coming 
back to it, Eric was saying 

550
00:28:20,100 --> 00:28:24,500
about how the irony of having 
atomos Airy at the Met Gala as 

551
00:28:24,500 --> 00:28:29,600
this devastating story is coming
out about his company's, you 

552
00:28:29,600 --> 00:28:32,900
know, impact on young, women was
certainly not lost on a lot of 

553
00:28:32,900 --> 00:28:35,800
people on social media. 
Also, what I found, fascinating 

554
00:28:35,800 --> 00:28:39,800
about that story with it. 
Most Terry gave on the record 

555
00:28:39,800 --> 00:28:43,000
quotes and the here they gave up
all the stories they've given on

556
00:28:43,000 --> 00:28:45,700
the earth. 
We all know the executives do 

557
00:28:45,700 --> 00:28:49,900
not do that, unless they think 
they must and that's another 

558
00:28:49,900 --> 00:28:52,800
great indication. 
The Wall Street Journal had the 

559
00:28:52,800 --> 00:28:56,200
goods, because there is one 
story, he would have gone on the

560
00:28:56,200 --> 00:29:02,100
record if he did not. 
I would love to know like Just 

561
00:29:02,100 --> 00:29:05,500
the, who the LIE, obviously, who
you want to know who's leaking, 

562
00:29:05,500 --> 00:29:09,000
but like a company like 
Facebook, I mean, Katie maybe is

563
00:29:09,000 --> 00:29:13,400
closer to it than I am. 
But, I mean, they have lots of 

564
00:29:13,400 --> 00:29:17,600
like X sort of democrat Obama, 
Thai people running around in 

565
00:29:17,600 --> 00:29:20,800
high level like policy, comms 
job. 

566
00:29:20,800 --> 00:29:24,200
I just have to imagine like 
execs or, you know, execs are 

567
00:29:24,200 --> 00:29:28,000
flipping on them, both in policy
and columns, and Leadership some

568
00:29:28,000 --> 00:29:29,700
of the people giving quotes are 
like. 

569
00:29:29,900 --> 00:29:33,100
I mean, it's just like, at what 
point Point the company, it 

570
00:29:33,100 --> 00:29:36,600
would be so hard to have a 
coherent sort of corporate 

571
00:29:36,600 --> 00:29:40,800
response in an organization like
Facebook, where I imagine people

572
00:29:40,800 --> 00:29:44,100
and gay people are engaging 
directly with those reporters 

573
00:29:44,100 --> 00:29:47,500
because they have and also it's 
a company that tells you, you go

574
00:29:47,500 --> 00:29:49,300
there to have like these 
principles. 

575
00:29:49,600 --> 00:29:53,400
So then everybody feels entitled
to sort of, you know, defend 

576
00:29:53,400 --> 00:29:57,200
themselves to the reporters. 
I mean, it must be a mess to 

577
00:29:57,200 --> 00:30:01,200
deal with PR on that story. 
I cannot imagine it's sort of a 

578
00:30:01,500 --> 00:30:04,800
Lockdown situation. 
Where you have like this one 

579
00:30:04,800 --> 00:30:07,700
calms person going to the Wall 
Street Journal and it's totally 

580
00:30:07,900 --> 00:30:10,300
controlled. 
It must be pretty, pretty 

581
00:30:10,300 --> 00:30:13,400
chaotic would be my my guess. 
I don't know if you guys have 

582
00:30:13,400 --> 00:30:17,900
thoughts on that. 
I just wonder at this point, how

583
00:30:17,900 --> 00:30:20,700
much, Facebook cares? 
I mean, it's obviously care 

584
00:30:20,700 --> 00:30:24,000
enough, well, because Zach has 
complete control over the board 

585
00:30:24,000 --> 00:30:26,700
and everything the company dry, 
so he can never be removed. 

586
00:30:26,700 --> 00:30:30,200
So, how much do you like when 
you're can never get new right? 

587
00:30:30,200 --> 00:30:32,100
This isn't new for them. 
I mean, when the New York Times 

588
00:30:32,100 --> 00:30:35,000
and others did their Spate of 
stories, a couple years ago and 

589
00:30:35,000 --> 00:30:39,700
they hauled Zuck in front of 
Congress multiple times and now 

590
00:30:39,700 --> 00:30:43,300
Facebook is worth over a 
trillion dollars and it's very 

591
00:30:43,300 --> 00:30:46,600
unclear, you know regulatory 
Why's what people are going. 

592
00:30:46,600 --> 00:30:49,100
I know there are antitrust suits
and those are messy and I 

593
00:30:49,108 --> 00:30:51,100
definitely defer to Katie. 
I'm like, you know, the 

594
00:30:51,100 --> 00:30:53,700
trajectory that those will go 
on, but, like, at some point 

595
00:30:53,700 --> 00:30:56,400
like Facebook, you know, they 
don't want to be seen as the 

596
00:30:56,400 --> 00:30:59,200
villain in public, but if they 
can do that, and also compensate

597
00:30:59,200 --> 00:31:02,500
people, you know, their 
Executives and their employees 

598
00:31:02,500 --> 00:31:04,500
and the stock keeps going up for
the time being. 

599
00:31:04,700 --> 00:31:06,800
Maybe they're just happy to like
take the punches on Twitter. 

600
00:31:06,800 --> 00:31:10,300
Well, I think enough people like
I don't one way to read these 

601
00:31:10,300 --> 00:31:14,600
stories to me, is that There are
a lot of people at Facebook, 

602
00:31:14,600 --> 00:31:17,100
creating reports because they 
don't like Facebook, they want 

603
00:31:17,100 --> 00:31:18,800
it to change. 
They think they should reform, 

604
00:31:18,800 --> 00:31:19,900
right? 
Then that doesn't happen. 

605
00:31:19,900 --> 00:31:22,100
Why doesn't happen? 
Because Mark Zuckerberg is in 

606
00:31:22,100 --> 00:31:23,900
charge. 
He's a dictator in Chief with 

607
00:31:24,000 --> 00:31:26,300
Sheryl Sandberg, his loyal 
lieutenant. 

608
00:31:26,300 --> 00:31:29,400
And so even if you are a super 
senior, the company, you're not 

609
00:31:29,400 --> 00:31:31,300
going to succeed in getting them
to change. 

610
00:31:31,400 --> 00:31:33,900
So then that creates a whole 
apparatus of people, they're 

611
00:31:33,900 --> 00:31:36,700
creating the reports somehow, 
those reports are getting leaked

612
00:31:36,700 --> 00:31:40,900
to the Wall Street Journal. 
There's like, you could see a 

613
00:31:40,900 --> 00:31:44,400
lot of Facebook, be no line. 
And with these Wall Street 

614
00:31:44,400 --> 00:31:48,700
Journal stories because they 
want change at the top, right? 

615
00:31:48,700 --> 00:31:52,600
So, to save, Facebook thinks is 
sort of incoherent. 

616
00:31:52,700 --> 00:31:56,200
I think you would say there's 
the Mark Zuckerberg view where 

617
00:31:56,200 --> 00:31:59,300
he's sort of stopping all these 
lower level decisions and then 

618
00:31:59,300 --> 00:32:02,100
there are the sort of Executives
that are loyal to him. 

619
00:32:02,100 --> 00:32:04,400
And then there are these sort of
more sort of professional 

620
00:32:04,400 --> 00:32:06,400
Executives. 
In the more those executives are

621
00:32:06,400 --> 00:32:08,400
tied in to the actual Rank and 
file. 

622
00:32:08,400 --> 00:32:11,600
They're going to be responsive 
obviously to the findings that 

623
00:32:11,600 --> 00:32:14,800
those rank-and-file are. 
Seen and are getting ignored. 

624
00:32:14,900 --> 00:32:19,300
So I would love to know, I mean 
obviously this is a reportable 

625
00:32:20,000 --> 00:32:22,100
thing that would be a 
frustrating to the reporters. 

626
00:32:22,100 --> 00:32:25,100
Probably. 
But just yeah, how much of how 

627
00:32:25,100 --> 00:32:28,000
much of Facebook itself is on 
board with? 

628
00:32:28,200 --> 00:32:30,600
Yeah, I don't know. 
The company is also trying to 

629
00:32:30,600 --> 00:32:35,600
figure that out as well. 
I mean worship we should we 

630
00:32:35,600 --> 00:32:38,500
could put a pin in this one and 
have Casey Newton on some time 

631
00:32:38,500 --> 00:32:42,100
who obviously would know more 
directly than it's so hard on 

632
00:32:42,300 --> 00:32:44,400
poverty. 
Like easier for me to say this 

633
00:32:44,400 --> 00:32:46,700
because I don't have her 
Facebook so I can just 

634
00:32:46,700 --> 00:32:53,300
extrapolate from other stories, 
but I feel like once once you're

635
00:32:53,300 --> 00:32:56,400
on the be, the one thing you 
can't really talk about is the 

636
00:32:56,400 --> 00:32:59,900
level of like how much are 
people sort of defecting even 

637
00:32:59,900 --> 00:33:04,100
when they're sort of principal 
actors for the company? 

638
00:33:04,100 --> 00:33:07,000
I think there's zero upside and 
any of us ever talking about our

639
00:33:07,000 --> 00:33:11,200
sources. 
But every new tapes including 

640
00:33:11,200 --> 00:33:14,100
that we shouldn't You don't you 
think? 

641
00:33:14,100 --> 00:33:16,400
I'm out of school here as a 
reporter to say it was. 

642
00:33:16,400 --> 00:33:18,200
No, I'm just saying that I've 
told my sources. 

643
00:33:18,200 --> 00:33:21,200
I won't tell people who they are
and so I keep that promise. 

644
00:33:21,200 --> 00:33:24,700
I don't know, that's our premium
episodes. 

645
00:33:26,200 --> 00:33:29,000
We can talk more explicitly 
about who we talk, but I just, I

646
00:33:29,000 --> 00:33:32,600
mean these stories reflect an 
organization that is not happy 

647
00:33:32,700 --> 00:33:35,500
tribal that you'll true. 
I mean, if the organization was 

648
00:33:35,500 --> 00:33:38,200
happy, Banks, wouldn't really 
come in organizations really 

649
00:33:38,200 --> 00:33:41,100
naughty and they were no leaks 
that I'm right, this, by the 

650
00:33:41,100 --> 00:33:43,800
way, is like the fundamental 
thing that At people in Tech, 

651
00:33:43,800 --> 00:33:46,800
don't understand about reporting
and it happens every fucking 

652
00:33:46,800 --> 00:33:49,200
time when they're just like, why
to reporters keep writing 

653
00:33:49,200 --> 00:33:50,700
negative stories about these 
companies. 

654
00:33:50,700 --> 00:33:53,000
And it's like because the 
employees that your company's 

655
00:33:53,000 --> 00:33:54,300
don't like the way things are 
going. 

656
00:33:54,300 --> 00:33:56,600
And I don't like working there. 
They're mad at you and they're 

657
00:33:56,600 --> 00:33:57,800
talking to us. 
Yes. 

658
00:33:57,800 --> 00:33:59,300
It's like you were blaming the 
wrong person. 

659
00:33:59,300 --> 00:34:00,600
Exactly. 
Can you can complain on the 

660
00:34:00,608 --> 00:34:02,400
margins about like angles and 
stuff? 

661
00:34:02,400 --> 00:34:05,100
But like, you know, like the 
beatings will continue so long 

662
00:34:05,100 --> 00:34:07,900
as morale, doesn't mean, you 
wouldn't want to look inside. 

663
00:34:08,000 --> 00:34:09,000
Mmm. 
Yeah. 

664
00:34:09,500 --> 00:34:11,699
But not in the way that you want
to which is just to ruin. 

665
00:34:11,699 --> 00:34:15,100
We actually And actually, they 
don't want to look inside, 

666
00:34:15,300 --> 00:34:18,300
speaking of tech spending. 
By the way, we're coming here, 

667
00:34:18,500 --> 00:34:24,300
the day after the California 
recall, resoundingly defeated by

668
00:34:24,400 --> 00:34:26,100
people, actually deciding to 
vote. 

669
00:34:26,100 --> 00:34:29,300
And I got to say, for the 
certain Tech Executives that 

670
00:34:29,300 --> 00:34:32,699
spent money on the voting to 
recall, I wouldn't call that 

671
00:34:32,699 --> 00:34:35,300
good Roi. 
Doug Leone, great investment, 

672
00:34:36,300 --> 00:34:38,100
David Sachs. 
Well done. 

673
00:34:38,100 --> 00:34:40,300
Peter teal, what did Peter tell 
us? 

674
00:34:41,500 --> 00:34:42,900
I don't remember. 
I think so, yeah. 

675
00:34:43,000 --> 00:34:44,100
I'm not going to weigh out on 
this. 

676
00:34:44,100 --> 00:34:48,300
You guys stop it. 
You can your business reporter? 

677
00:34:49,600 --> 00:34:53,900
You can talk about Roi. 
Like it's like, I just it's not 

678
00:34:53,900 --> 00:34:59,100
it's because I did not, I am not
as I didn't do it. 

679
00:34:59,100 --> 00:35:03,100
I didn't study the California 
recall as Tom did or you did. 

680
00:35:03,100 --> 00:35:05,800
And so I would just be I don't 
like to speak about things. 

681
00:35:05,800 --> 00:35:09,800
I know nothing about. 
Yeah, well we could come back to

682
00:35:09,800 --> 00:35:13,300
this one another time but I 
would say the every no vote Next

683
00:35:13,300 --> 00:35:16,200
Shopkins book, the contrary and 
I'm a fifth of the way through 

684
00:35:16,200 --> 00:35:18,900
its good and good. 
It really frames so far. 

685
00:35:19,300 --> 00:35:23,300
The whole Peter teal world is 
like a sort of political Club, 

686
00:35:23,400 --> 00:35:26,500
more than anything that a big 
you know, David Sachs Keith her 

687
00:35:26,500 --> 00:35:28,800
boys. 
Like the thing they shared was 

688
00:35:29,400 --> 00:35:33,200
conservative libertarian 
incoherent in some cases 

689
00:35:33,200 --> 00:35:37,800
politics and so it's super 
interesting light of the recall 

690
00:35:37,800 --> 00:35:40,900
effort, but I think everybody we
should finish reading. 

691
00:35:41,500 --> 00:35:42,700
You guys should get the book I 
should fit. 

692
00:35:42,700 --> 00:35:43,900
Yeah. 
Yeah, before we talk, I'm 

693
00:35:43,900 --> 00:35:47,500
excited to read it. 
I'm I wonder though with Peter 

694
00:35:47,500 --> 00:35:50,900
teal, does the media over rate, 
how important he is? 

695
00:35:51,500 --> 00:35:55,800
He's on the board of Facebook. 
I mean he's I mean, he was the 

696
00:35:55,800 --> 00:35:57,600
president's around people just 
want to say. 

697
00:35:58,000 --> 00:36:01,400
I mean, it's like, do we do 
well, here does the media over 

698
00:36:01,400 --> 00:36:02,700
rate. 
How important the president 

699
00:36:02,700 --> 00:36:05,900
United States is like, I guess, 
maybe, but like Peters. 

700
00:36:05,900 --> 00:36:07,400
That's a lie. 
That's a lie. 

701
00:36:13,000 --> 00:36:17,500
It was like the biggest most 
important donor to President 

702
00:36:17,500 --> 00:36:20,700
Trump, right? 
I mean, he will go do, I do 

703
00:36:20,700 --> 00:36:24,000
things like Robert Mercer lung 
terms of his political influence

704
00:36:24,100 --> 00:36:28,600
and in terms of his business 
influence, I mean he's on the 

705
00:36:28,600 --> 00:36:29,700
board of one of the scariest 
come. 

706
00:36:29,700 --> 00:36:31,600
He's a billionaire. 
All these guys have these. 

707
00:36:31,600 --> 00:36:33,500
All these guys have power in 
ways that I never fully 

708
00:36:33,500 --> 00:36:37,100
understand but I just don't want
to go too far in this because 

709
00:36:37,100 --> 00:36:39,500
I'm looking forward to reading 
my exes, but Zuckerberg is more 

710
00:36:39,500 --> 00:36:41,200
important than Peter teal. 
Is that the question? 

711
00:36:41,400 --> 00:36:43,300
Certainly, the Pure or the coke 
Brothers. 

712
00:36:43,300 --> 00:36:44,400
Or the living one? 
Yeah. 

713
00:36:47,100 --> 00:36:48,900
What? 
Living one? 

714
00:36:49,100 --> 00:36:55,700
He didn't go back to the tape on
that replay. 

715
00:36:56,200 --> 00:36:58,500
Yeah. 
I just I mean, I don't know that

716
00:36:58,500 --> 00:37:01,500
ranking extremely wealthy, 
people who are able to call, 

717
00:37:01,500 --> 00:37:03,800
almost anybody at the world, 
when it whoever they want, 

718
00:37:03,800 --> 00:37:07,000
whenever they want is really a 
useful exercise, but like I'll 

719
00:37:07,000 --> 00:37:08,100
do it. 
I guess. 

720
00:37:08,200 --> 00:37:11,700
No, I would agree is to Proclaim
his that if you control attack 

721
00:37:11,700 --> 00:37:15,500
platform, Like Facebook or 
Twitter, you're more powerful 

722
00:37:15,500 --> 00:37:19,000
than people who just have money.
I don't know if Tom is I would 

723
00:37:19,000 --> 00:37:20,900
buy on to that. 
Here's my question. 

724
00:37:20,900 --> 00:37:25,600
Here's my contrarian question. 
It's like Duggar does the media 

725
00:37:25,600 --> 00:37:29,600
over rate his particular does he
Loom very large in the mind of a

726
00:37:29,600 --> 00:37:34,000
lot of reporters because of his 
role in The Gawker suit that you

727
00:37:34,000 --> 00:37:37,900
know very specifically cast him 
as but he succeed at what one of

728
00:37:37,900 --> 00:37:40,400
the biggest villains. 
So much of politics is all T 

729
00:37:40,400 --> 00:37:42,300
fucking killed a new site like 
that's right. 

730
00:37:42,300 --> 00:37:45,100
No one's done. 
Done that before and and you 

731
00:37:45,100 --> 00:37:47,900
know where he funded a suit that
that effectively did that. 

732
00:37:47,900 --> 00:37:51,500
And I shall I just wonder, I 
mean freedom of the press. 

733
00:37:51,500 --> 00:37:53,600
Yeah. 
I mean that's real impact. 

734
00:37:53,600 --> 00:37:56,400
Yeah and I just wanted had that 
not happened but he still was a 

735
00:37:56,408 --> 00:37:59,600
guy that gave money to Trump in 
was you know sitting at the 

736
00:37:59,600 --> 00:38:02,600
right hand and all that other 
stuff if he would matter as much

737
00:38:02,600 --> 00:38:04,300
but Gawker is how we just 
covered in. 

738
00:38:04,300 --> 00:38:07,900
Just give us an example of why 
he matters more than other 

739
00:38:07,900 --> 00:38:09,600
investors. 
You literally just gave us an 

740
00:38:09,600 --> 00:38:11,600
example of why he matters more 
than other investors. 

741
00:38:11,600 --> 00:38:14,800
He was a mistake. 
The reason he killed Gawker was,

742
00:38:14,800 --> 00:38:18,100
he was getting covered a ton of 
already so be even even aside 

743
00:38:18,100 --> 00:38:20,700
from the reason he was right. 
Even aside from the reason he 

744
00:38:20,700 --> 00:38:24,500
killed it, the fact that by your
own admission, he did something 

745
00:38:24,500 --> 00:38:26,400
no other really investors ever 
done. 

746
00:38:26,500 --> 00:38:29,500
That had run short of an impact 
on the press and an impact and 

747
00:38:29,500 --> 00:38:34,000
we think of like how money can 
stifle freedom of the press that

748
00:38:34,000 --> 00:38:37,400
doesn't that indicate that he is
possibly more important than 

749
00:38:37,400 --> 00:38:39,700
other investors? 
I'm not saying things like some 

750
00:38:39,700 --> 00:38:42,000
Puppet Master. 
I'm saying the time like Tom's 

751
00:38:42,000 --> 00:38:51,300
the one dressed like he's I know
and understand and that, you 

752
00:38:51,300 --> 00:38:54,900
know, basically says that there 
were a lot of crazy, kooky sort 

753
00:38:54,900 --> 00:38:59,600
of anti-climate change, level 
type people that teal suggested 

754
00:38:59,600 --> 00:39:03,000
Trumbo Point. 
And even you know, the Trump 

755
00:39:03,000 --> 00:39:08,500
people were Steve band and we're
like, these are two kooky for us

756
00:39:08,700 --> 00:39:11,100
and teal didn't get a lot of 
those but I mean, some of, you 

757
00:39:11,100 --> 00:39:14,200
know, the CTO was a teal I think
there were some people. 

758
00:39:14,300 --> 00:39:17,200
There are teal guys over the 
administration but it sure. 

759
00:39:17,200 --> 00:39:19,400
Could he pick the Secretary of 
Defense? 

760
00:39:19,800 --> 00:39:22,400
It didn't seem like it. 
So, yeah, I mean, I don't, but I

761
00:39:22,408 --> 00:39:25,400
don't really believe in Puppet 
Masters, but in terms of 

762
00:39:25,600 --> 00:39:28,000
billionaires that are super 
powerful, I think he's much more

763
00:39:28,000 --> 00:39:31,900
powerful than his actual wealth,
or there are much richer people,

764
00:39:31,900 --> 00:39:36,300
there are less less powerful. 
I have very realistic. 

765
00:39:36,300 --> 00:39:40,000
I got a, I have to I have to 
make this phone call. 

766
00:39:40,700 --> 00:39:42,700
It's because I need this 
information. 

767
00:39:42,800 --> 00:39:48,900
And so I gotta go unlike Eric. 
I'm I'm not gonna tell you who 

768
00:39:48,900 --> 00:39:53,700
my sources are. 
I didn't tell him Eric's, not 

769
00:39:53,700 --> 00:39:56,900
going to pressure me into 
revealing how I get information 

770
00:39:57,500 --> 00:40:00,200
joking. 
No, I do have to go because I 

771
00:40:00,200 --> 00:40:02,300
have to make this call and 
great. 

772
00:40:02,300 --> 00:40:04,800
So I hope that you guys are good
of America, you know? 

773
00:40:04,900 --> 00:40:09,300
I hope you come up with a 
definitive ranking of which Tech

774
00:40:09,300 --> 00:40:12,500
billionaires are the most 
influential vis-à-vis, how much 

775
00:40:12,500 --> 00:40:16,400
they're By the press and please 
shoot that over to me because 

776
00:40:16,400 --> 00:40:18,600
I'm curious to see it. 
It's a changing. 

777
00:40:18,600 --> 00:40:20,700
It will be exchanging. 
Yeah, it'll be like a power 

778
00:40:20,700 --> 00:40:21,500
ranking list. 
Yeah. 

779
00:40:21,500 --> 00:40:23,700
Get. 
Can we start doing a power 

780
00:40:23,700 --> 00:40:26,200
ranking list on the pool? 
Yeah, well, we could run in my 

781
00:40:26,200 --> 00:40:28,500
work, my friends desperately 
want me to do more power 

782
00:40:28,500 --> 00:40:34,200
rankings, just for clickability.
I've been opposed to truly sort 

783
00:40:34,200 --> 00:40:38,700
of capricious judgments just 
because I have a following, but 

784
00:40:38,700 --> 00:40:41,600
I do think it'd be good. 
People want to consume list of 

785
00:40:41,600 --> 00:40:43,400
who's in, who's out? 
Shouts. 

786
00:40:43,400 --> 00:40:46,100
Oh yeah, absolutely. 
Well isn't that all that she you

787
00:40:46,100 --> 00:40:49,200
know I'm actually getting 
slacked out by co-workers to I 

788
00:40:49,200 --> 00:40:58,900
guess I do my God. 
Yeah. 

789
00:41:00,400 --> 00:41:01,600
Eric you have to do the same 
job. 

790
00:41:01,600 --> 00:41:04,000
We have to do is just you have 
no boxes, all right? 

791
00:41:04,000 --> 00:41:06,100
Exactly. 
So I can procrastinate then do 

792
00:41:06,100 --> 00:41:09,800
it at two in the morning and run
a very good sort of mental 

793
00:41:09,800 --> 00:41:13,600
health experience, right? 
You're also offer Two weeks to. 

794
00:41:13,600 --> 00:41:16,900
So you better you better burn 
that oil for the next couple 

795
00:41:16,900 --> 00:41:19,100
days while Katie and I have to 
figure out what to talk about. 

796
00:41:19,200 --> 00:41:21,200
Yeah. 
All right we can we can call it 

797
00:41:21,500 --> 00:41:23,700
though. 
Okay bye. 

798
00:41:23,800 --> 00:41:26,300
Bye Katie. 
So I guess once again We've 

799
00:41:26,300 --> 00:41:29,600
Ended episode with Katie having 
to do a real job and now she 

800
00:41:29,600 --> 00:41:32,800
disappear last episode. 
Yes, yes, she disappeared 

801
00:41:33,000 --> 00:41:35,800
because there wouldn't even last
episode is coming into her movie

802
00:41:35,800 --> 00:41:38,900
theater and she had to like, 
talk them down and then when she

803
00:41:38,900 --> 00:41:40,600
came back on the zoom called, we
were already gone. 

804
00:41:40,900 --> 00:41:43,300
But we ended the last episode 
without her and I think that's 

805
00:41:43,300 --> 00:41:44,800
gonna have to be like a weekly 
thing. 

806
00:41:44,800 --> 00:41:48,800
Now she's only the, he's a 
special guests. 

807
00:41:48,800 --> 00:41:52,200
It's her, it's her duties. 
Maybe don't include your Napa. 

808
00:41:52,200 --> 00:42:06,700
So yeah, she's a pain. 
So, work on Sally, goodbye. 

809
00:42:06,700 --> 00:42:08,000
Goodbye. 
Goodbye. 

810
00:42:08,100 --> 00:42:10,000
Goodbye. 
Goodbye, goodbye. 

811
00:42:10,000 --> 00:41:44,800
Goodbye. think that's gonna have
to be like a weekly thing. 

812
00:41:44,800 --> 00:41:48,800
Now she's only the, he's a 
special guests. 

813
00:41:48,800 --> 00:41:52,200
It's her, it's her duties. 
Maybe don't include your Napa. 

814
00:41:52,200 --> 00:42:06,700
So yeah, she's a pain. 
So, work on Sally, goodbye. 

815
00:42:06,700 --> 00:42:08,000
Goodbye. 
Goodbye. 

816
00:42:08,100 --> 00:42:10,000
Goodbye. 
Goodbye, goodbye. 

817
00:42:10,000 --> 00:42:10,400
Goodbye.
