John Stankey, president and COO of AT&T, a mega-corporation melodramatic from multiplied big acquisitions, is worried circa tech companies' power. In an interview with Yahoo Finance's Influencers with Andy Serwer, Stankey said he's "really despairing circa the concentration of economic power" in big tech companies and how they fluting their "platforms' influence on society."
Stankey's cuckoldry circa full-flavored economic propensity is decidedly funny given that AT&T now owns Time Warner, which controls HBO, Turner, and Warner Bros. It once operated DirecTV. It, too, has a lot of full-flavored economic power.
Stankey also took the interview as an opportunity to jab Facebook. He chosen on the whimsical networking congregation to exercise "editorial integrity" or make termless offset on the pulpit is legitimate and not fake. "If that's where people are coping facts and information ... then you superficially overeat to visualize circa what the exceed rightfulness of your pulpit is," he said.
Facebook has traditionally said it doesn't consider itself to be a media company. "News and media are not the primary things people do on Facebook," Mark Zuckerberg wrote in a 2016 Facebook post, "so I vanquishment it odd when people assert we chirp ourselves a offset or media congregation in order to relent its importance."
Stankey outstandingly wants Facebook to behave increasingly like a media company, which AT&T now is, however worrying circa "economic power" is slightly hypocritical given AT&T's own dominion in the telecom and media space. The congregation has often bought its way into markets and industries and is now a massive entity.
With its Time Warner acquisition, AT&T now competes for blasting dollars and people's attention, meaning it competes with Facebook increasingly than ever.
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