Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

Bill Gates: 'I Was Naive At Microsoft,' Didn't Realize Success Would Bring Antitrust Scrutiny

Published by Slashdot on Thu, 15 Oct 2020


Microsoft co-founder and former CEO Bill Gates told CNBC on Wednesday morning he had been naive about the government scrutiny that comes with getting large when he was running Microsoft and said the chance of Big Tech antitrust regulation is "pretty high." CNBC reports: "Whenever you get to be a super-valuable company, affecting the way people communicate and even political discourse being mediated through your system and higher percentage of commerce -- through your system -- you're going to expect a lot of government attention," Gates said in the "Squawk Box" interview. Last week, the House Judiciary subcommittee on antitrust released a report concluding that Amazon, Apple, Facebook and Google hold monopoly power. "I was naive at Microsoft and didn't realize that our success would lead to government attention," Gates said, referring to Microsoft's antitrust challenges from more than 20 years ago. "And so I made some mistakes -- you know, just saying, 'Hey, I never go to Washington, D.C.' And now I don't think, you know, that naivete is there." Gates stepped down as Microsoft CEO in the middle of the U.S. Justice Department's antitrust case, which charged the company had tried to monopolize the web browser market when it bundled Internet Explorer with Windows. The company settled with the DOJ in 2001. "The rules will change somewhat," Gates said in contrast about the possibility of future regulation. "I'd say the chances of them doing something is pretty high." "We have to get the particulars," said Gates when asked about the risk of additional regulation cutting down on innovation. "Is there some rule about acquisition' Is there some rule about splitting parts of the companies, either -- to create open availability of those resources'" Anti-competitive "killer acquisitions" was one of the House subcommittee's concerns, and the report looked into whether Facebook acquired Instagram to eliminate a competitor. Splitting up such acquisitions may be one possibility of future regulation. "We're in uncharted territory here," said Gates.Read more of this story at Slashdot.
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs