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World Wide Web founder says tech giants may have to be split up

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♪ DAVID: WELL, WE'RE USED TO HEARING POLITICIANS, EVEN SOME FOLKS RIGHT HERE AT FOX BUSINESS TALKING ABOUT BREAKING UP FACEBOOK AND GOOGLE, BUT NOW A COMPUTER SCIENTIST, WHO'S ACTUALLY KNOWN FOR INVENTING WHAT HE CALLED THE WORLDWIDE WEB IN 1989 — AND, NO, WE'RE NOT TALKING ABOUT AL GORE — HE'S SAYING THE SAME THING KIM BURNERS LEE SAYS THE CONCENTRATION OF FACEBOOK AND GOOGLE IN THE DIGITAL MARKETPLACE NOW DEMANDS THAT, QUOTE, THERE IS NO ALTERNATIVE TO REALLY COMING IN AND BREAKING THINGS UP

SO, GANG, IS HE RIGHT? >> OKAY, FIRST OF ALL — >> ABSOLUTELY NOT [LAUGHTER] LOOK, I'LL, I GUESS I'LL JUMP IN FIRST [LAUGHTER] LOOK, THIS IS — WE HAVE A LONG HISTORY OF TARGETING BIG COMPANIES THAT END UP EVEN WITHOUT GOVERNMENT INTERVENTION FALLING ON THEIR OWN PETARD YOU KNOW, FOR THE VERY FIRST AND MOST FAMOUS ONE WAS STANDARD OIL I GOT NEWS FOR YOU, EVEN BEFORE THE GOVERNMENT BROKE THEM UP INTO 34 COUNTRIES, THEY HAD LOST HALF THEIR MARKET SHARE

WHY? MARKET COMPETITION AT ONE TIME INTERNET EXPLORER HAD 96% OF THE BROWSER MARKET PEOPLE STILL USE IT? NO, THEY'RE USING THE CHROME AND THE GOOGLE AND OTHER STUFF LIKE THAT MARKET FORCES WILL TAKE CARE OF THIS WHAT THIS TECHIE SAID IS COMPLETELY IDIOTIC

>> WELL, TO BE FAIR, HE ALSO SAID LET'S SEE IF THEY GET DESTROYED FIRST — DAVID: LET ME JUST PUT UP THAT FULL SCREEN BEFORE BREAKING THEM UP, WE SHOULD SEE WHETHER THEY ARE NOT JUST DISRUPTED BY A SMALL PLAYER BREAKING THEM OUT OF THE MARKET, BUT BY THE MARKET SHIFTING, BY THE INTEREST GOING SOMEWHERE ELSE SO YOU'RE RIGHT, HE DOES CONTRADICT — >> HE'S BEING DELUSIONAL BECAUSE THEY WON'T UNLIKE THE EARLY PHASE OF TECHNOLOGY WHEN COMPANIES LIKE AOL WENT AWAY, YOU DIDN'T HAVE TO DO ANYTHING THEY DESTROYED EACH OTHER

THE CONSUMER BENEFITED, NO QUESTION ABOUT THAT HISTORY THAT GARY IS ALLUDING TO THE THINGS HAVE CHANGED IF YOU HAVEN'T — >> THIS TIME IS DIFFERENT! >> WHAT'S HAPPENED TO YOU PEOPLE? THIS TIME — THEY SAID THE SAME THING ABOUT ALCOA, ABOUT STANDARD OIL — >> I'M GOING TO EXPLAIN THE DIFFERENCE BETWEEN EARLY TECH ERR AND NOW, AND WHAT HAS HAPPENED IS A COMPANY LIKE GOOGLE IS ACTUALLY NOT BUILT — WE THINK IT'S THE GREATEST INNOVATOR, BUT IT'S BECOME A TECH CONGLOMERATE THAT ACQUIRES COMPETITORS THAT ARE GOING TO BEAT THEM FACEBOOK — >> [INAUDIBLE] >> GOOGLE BOUGHT YouTUBE, ANDROID, NET, THEY BOUGHT ALL THE — >> AND, JONAS — >> THEY DIDN'T INVENT ANYTHING KNOCK KNOCK — [INAUDIBLE CONVERSATIONS] >> WE DON'T NEED TO BREAK THEM UP, WE NEED TO STOP THEM FROM BUYING THE COMPETITION

>> YOU BRING UP STANDARD OIL WHEN STANDARD OIL WAS A MONOPOLY, THE PRICE OF OIL DROPPED PRECIPITOUSLY THERE'S NOTHING WRONG WITH ONE DOMINANT COMPANY IF THAT MARKET SHARE IS WON THROUGH COMPETITION AND THERE'S A TREMENDOUS AMOUNT OF COMPETITION IN ALL OF THESE SPACES >> THE COMPETITION'S WONDERFUL, THAT'S MY POINT

LET THERE BE COMPETITION, DON'T LET THEM QUICKLY BUY COMPETITORS UP GOOGLE TRIED TO BE YouTUBE THEY FAILED, AND YOU TALKING ABOUT WOULD HAVE BEEN YouTUBE THE — YOU TALKING ABOUT, BUT GOOGLE BOUGHT YouTUBE THAT'S WHAT WE'VE GOT TO THE WATCH FOR DON'T LET 'EM TAKE ALL THE COMPETITORS UP AND OWN THE ENTIRE WORLD OF TECHNOLOGY

THAT'S WHAT YOU HAVE TO WATCH OUT FOR >> BUT, JONAS, LARGE COMPETITORS HAVE ALWAYS BOUGHT — HOW MANY COMPANIES DO YOU THINK AMAZON AND MICROSOFT HAVE BOUGHT OVER THE YEARS? HOW MANY COMPANIES DO YOU THINK IBM HAS BOUGHT OVER THE YEARS? AT SOME POINT NEW TECHNOLOGY COMES IN AT ONE TIME THERE WAS JUST THREE NETWORKS, CBS, NBC AND ABC — >> AND TODAY'S TECH GENIUSES — [INAUDIBLE CONVERSATIONS] >> I BET MICROSOFT WISH THEY BOUGHT APPLE, AND WE'RE WERE THE THAT THAT THEY — WE'RE BETTER THAT THEY DIDN'T >> IT WAS GOING TO BE THE SEARS, WALMART THAT WAS GOING TO KILL US OFF, IN A FREE MARKET NEW COMPETITORS ALWAYS COME UP EVEN, JONAS, YOUR POINT OF LET'S JUST CONTROL HOW THEY CAN MERGE — >> BUT THESE COMPANIES, THESE COMPANIES HAVE GOT, HAVE BEEN HANDLED WITH KID GLOVES BY WASHINGTON FOR YEARS

THEY'VE GOTTEN A FREE PASS YOU KNOW, THEY'RE PROTECTED FROM ANY LIABILITY BECAUSE OF LAWS IN WASHINGTON FOR USER-GENERATED CONTENT THEY HAVE GOTTEN, THEY'VE GOTTEN A FREE RIDE FOR A LONG TIME AND LIKE JONAS SAID, INSTAGRAM SHOULD HAVE NEVER HAPPENED BY FACEBOOK >> I WAS GOING TO SAY, IT'S IRONIC TO SAY — GOOGLE HAS GOT A FREE RIDE, MEANWHILE YOU PROBABLY USE IT A HUNDRED TIMES A DAY K AND YOU'VE NEVER PAID A CENT FOR IT

>> WE PAY — WAIT, WAIT, WAIT, OH, WE PAY, WE JUST DON'T KNOW HOW WE PAY WE DON'T KNOW WHERE THAT USER-GENERATED DATA IS — >> IT'S IN RUSSIA [LAUGHTER] >> WE PAY PLENTY WE JUST DON'T KNOW THE ACTUAL — >> ARE YOU GOING TO TELL ME IF YOU HEARD TOMORROW THAT GOOGLE AND FACEBOOK WERE MERGING, YOU WOULDN'T BE A LITTLE CONCERNED ABOUT — >> NO, NOT AT ALL >> NOT AT ALL

[INAUDIBLE CONVERSATIONS] >> WELL, I GOTTA SAY, THERE IS A COMPETITION, THERE ARE COMPETITORS OUT THERE, AND ONE OF THEM, BY THE WAY, IS BING BING COMPETES — >> BING? DAVID: I LOVE BING I USE BING MORE THAN GOOGLE >> I KNOW THEY'RE PAYING YOU, DAVID, NOBODY USES BING — DAVID: I DON'T HAVE ONE PENNY OF MICROSOFT STOCK, NOT ONE PENNY >> THE ONLY PEOPLE WHO USE BING, IT COME ON THEIR COMPUTER, AND THEY DON'T KNOW HOW TO REPLACE IT

DAVID: I LOVE MY BING [LAUGHTER] >> MY DAD'S CONDO IN SOUTH BEACH — DAVID: I'M A BING GUY AND I DON'T HAVE THE MICROSOFT I'M NOT STUART VARNEY >> I WOULDN'T BRAG ABOUT THAT

Source: Youtube

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