EU deals major blow to big tech


AND WE APPRECIATE YOU TAKING TIME OUT TO TALK TO US TODAY.>>AND THANKS FOR THE OPPORTUNITY. STUART: SURE. THANK YOU. ANOTHER BLOW TO BIG TECH COMING FROM THE EUROPEAN UNION. THEY HAVE APPROVED NEW COPYRIGHT REFORM THEY CHARGE YOU MONEY FOR SHARING VIDEOS THAT ARE YOURS. HE KNOWS THAT THIS IS ALL ABOUT. FREQUENT GUEST ON THE PROGRAM. TOMMY, EXPLAIN WHAT EUROPEANS ARE DOING AND WHY SO DAMAGING.>>GREAT TO BE BACK. THIS IS YEARS IN THE MAKING. THEY’VE GOT DATA COPYRIGHT LAWS IN EUROPE, WHICH HAVEN’T BEEN UPDATED FOR SOME 20 YEARS WHAT THEY ARE TRYING TO DO IS LEVEL THE PLAYING FIELD BETWEEN BIG TECH ON THE ONE HAND TAKEN ALL THE ADVERTISING DOLLARS IN MEDIA PUBLISHERS ON THE OTHER HAND WHO COMPLAINED THE CONTENT HAS BEEN TAKEN AND MONETIZE WITHOUT THEM GETTING A FAIR SHARE OF THE PIE. THIS WILL AFFECT PEOPLE WHO HAVE NEWSPAPER CONTENT, WHATEVER IT MIGHT BE IN THE IDEA IF YOUR GOOGLE OR FACEBOOK YOU’LL HAVE TO START LICENSING THE CONTENT MORE EFFECTIVELY THAN YOU HAVE IN THE PAST. IT’S NOT GOING TO REDRESS THE BALANCE COMPLETELY. MEDIA COMPANIES WILL FACE A MENTAL BATTLE THAT IT IS A DISTINCTIVE MOVE TO LEVEL THE PLAYING FIELD FROM THE E.U. STUART: DOES IT CHANGE THE BASIC MODEL OF A FACEBOOK OR GOOGLE?>>I DON’T THINK IT GOES THAT FAR. IT MAKES THEM HAVE TO DO SOME FAIRLY FIDDLY TECHNICAL THINGS TO MAKE SURE THEY ARE PAYING THEIR FAIR SHARE FOR CONTENT THEY ARE RECEIVING. IT MIGHT MEAN ON GOOGLE NEWS THAT THEY MAY NO LONGER BE ABLE TO PRODUCE SNIPPETS OF ARTICLES. THEY MIGHT DEAL TO PRODUCE BLANKS. THEY DO PRODUCE A SNIPPET WILL HAVE TO PAY FOR THEM. IT IS MARGINAL, BUT WHAT IT IS IS REALLY ANOTHER INDICATION THAT BIG TECH IS NOT TOO BIG TO REGULATE. LAST YEAR WE HAD THE BASE PROTECTION REGULATION WHERE THEY COULD CHARGE 4% OF THE COMPANY’S REVENUE IF THEY BREACH DATA PROTECTION LAWS. NOW WE HAVE THIS ON COPYRIGHT AND IT IS A SLOW DRUMBEAT OF REGULATION THAT IS GETTING LOUDER. STUART: THE STOCKS ARE DOWN BY THE WAY. I WANT TO TALK TO YOU ABOUT LYFT. YOU CAN BUY STOCK IN LYFT IF THAT’S WHAT YOU WANT THIS FRIDAY. YOU SAY IT COULD KICK OFF ONE OF THE GREATEST YEARS IN TECH HISTORY. THAT IS QUITE A STATEMENT. GO FOR IT.>>I THINK THAT’S WHAT WE MIGHT BE SEEING HERE. PEOPLE HAVE THESE COMPANIES SAY PRIVATE TOO LONG. THERE’S AN AMAZING START TO THE YEAR AND NOW WE NEED IS ONE OF THESE BIG TECH IPOs STARTING THIS WEEK PERHAPS SEND THEM THERE SO MANY OTHERS. LITERALLY HUNDREDS OF BILLIONS OF DOLLARS OF PUBLIC MARKET CAP WHEN YOU TAKE INTO ACCOUNT LIST, DANGEROUS, AND THE LIST GOES ON. MARKETS ARE LOOKING IN THE HAVEN’T BEEN OVERPRICED. ONE WILL GO WELL AND THE PUBLIC MARKET COULD THE REST WILL FOLLOW. IT COULD BE A BUMPER YEAR FOR

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19 thoughts on “EU deals major blow to big tech

  1. So what their saying if someone rebroadcast fox news on their utube channel with out paying in the EUROZONE you screwed.

  2. It is not a blow to big tech.
    .it is a blow to freedom of expression online.
    The end users and content creators will be threw big losers.

  3. What A shitty interview. That dirt bag said almost nothing about the EU censorship. He dodged the copywrite reforms and tried to make them sound good. Useless information.

  4. Delete your social media and return to the real world with real friends and no filters 😉
    Stop being idiots who give personal informations for free.

    Be happy!

  5. I’m seeing another form of censorship with this. If you need permission to snip articles and pay it is another form of censorship

  6. This will be irrelevant when Americans have to go clean out the EU from the Muslim invaders….this time shitbags we will not give it back to weak spineless gutless cowards like the people in the EU….HAHAHAHA. I will get my castle after all

  7. America was taking over 50% of the worlds advertising revenue through it's dominant tech companies. Trumps trade wars has caused the world to fight back. America will lose hundreds of billions of dollars. YouTube advertising revenue from all around the world goes to America, They keep about half and pay the balance to the video creators channel.

  8. S if youtubers share videos , EHCH BY THE WAY IS WHY THEY HAVE THE SHARE ICON ! THEN WE GET CENSORED ! TIME FOR AN INTERNET BILL F RIGHTS AND SWITCH TO BITCHUTE GABB OR ANYONE BUT YT FB GOOGLE !

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