Imagine if Zuckerberg owned, say, the Dallas Morning News, the St. Louis Post-Dispatch, the Detroit Free Press, the Denver Post, and the Atlanta Journal Constitution. Does that get mentioned in the West Wing meeting where Attorney General Sally Yates is debating the antitrust case against Facebook? What if Zuckerberg bought CNN from AT&T? That would presumably cost more than a struggling big city newspaper, but as Rupert Murdoch and Roger Ailes demonstrated, a television network is a potent weapon. Zuckerberg’s clever courting of the Trump White House already helped push Google into the pole position for antitrust prosecution. Those tactics may not work in a Biden administration, but with a president who came of age in an era where print newspapers dominated and with a White House staff that tends to be older and more conventional, anyone who owns a slate of media outlets will hold a lot of sway. … [Read more...] about Bezos, antitrust, and the power of media patronage
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Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time. … [Read more...] about Despite COVID-19 revenue losses, confident about sponsorships: St Lucia Zouks, Kings XI Punjab CEO
Yadav, who is the son of former Bihar Chief Minister Lalu Prasad Yadav, said Bihar has one of the highest unemployment rates in India at 46 percent. "Around 4.5 lakh posts are vacant in different departments of the state government. If given a chance, our government will fill all the vacant posts and create new vacancies in proportion to population," he added. … [Read more...] about Bihar polls | Granting jobs to kin of SC/ST persons killed is like encouraging murder: Tejashwi Yadav’s jibe at Nitish Kumar
'Strong buying interest in financial stocks led today's market rally as traders have now started realising that the concern of moratorium was overhyped. Apart from financial stocks, select private sector banks, metals, and auto stocks witnessed a sharp rise in buying interest by FPI on Tuesday,” Rahul Sharma, Market Strategist & Research Head, Equity99 Advisors told Moneycontrol. … [Read more...] about Taking Stock: D-St rallies for 5th consecutive day; financials lead the charge
The LJP, according to reports, could be looking to turn the clock back to 2005 and repeat a strategy it had then adopted. Then a part of the UPA, the LJP had put up candidates against the RJD, while not fielding candidates against the Congress -- an option it could try now with BJP and JD(U) as the new players. … [Read more...] about Why are NDA allies JD(U)-LJP engaged in tussle ahead of Bihar polls?