Zuckerberg’s business model is ‘stuffed’ after Australian news ban

TRANSCRIPT:

00:00 oh i want to go to the british mps very
00:02 senior british mps
00:03 have spoken out overnight really
00:05 supporting australia
00:07 and condemning facebook for this ban
00:09 pretty pretty good support here from our
00:11 friends in the uk conservative julia
00:13 knight who's the head of
00:14 westminster's media committee said he
00:16 was stunned
00:17 by the bullying behavior there from
00:18 facebook peru i tell you what we we need
00:21 is the world i think to really stand
00:23 firm here on these tech giants because
00:25 they are outside
00:27 laws that we have for every other media
00:29 player country by country
00:32 exactly you know it's wonderful to see
00:34 that we are getting supported i believe
00:36 that the uh you know the french
00:38 president macron is also supporting us
00:40 and others and they are all watching and
00:42 you know zuckerberg has made a really
00:45 miscalculation i believe a huge error
00:48 from a pr perspective
00:49 it is a total disaster and it's getting
00:52 improved just let me jump in there
00:54 you've had years working in pr who would
00:57 have given him such
00:58 um cack-handed sort of advice to do this
01:01 because
01:01 i think it's been a you know a big
01:03 backfiring own goal
01:05 it's totally peter i don't actually
01:08 believe that he's
01:09 had had any advice or if he has he
01:11 surrounds himself with sycophants
01:14 but this is a kind of guy that i believe
01:16 who thinks he knows it all you know he's
01:17 had incredible power
01:19 he's got incredible power through money
01:21 and manipulation and i just think he
01:24 believes he's
01:25 you know invincible but it's a huge
01:27 miscalculation
01:29 he's so two-faced this organization he's
01:32 going to have to do an about-face but he
01:34 will never
01:35 be able to i believe recover from this
01:38 and his business model
01:39 is stuffed again
01:42 let's not go back over all the facebook
01:44 stuff i i'm interested in the power of
01:47 these tech giants we saw it in the u.s
01:49 campaign we saw the
01:50 you know the counseling of the president
01:52 on twitter the left aren't carrying on
01:54 about that because they were happy for
01:56 trump to be cancelled but of course it
01:58 would have been the other way around
02:00 which is you know the rudd's argument
02:01 today about the power of media on the
02:03 right
02:04 this is a big issue for censorship going
02:07 forward isn't it
02:09 look it is a big issue and that's i was
02:11 very uh pleased yesterday to hear people
02:13 complaining about social media
02:14 censorship all of a sudden i mean this
02:16 is
02:16 it's amazing to see the same media class
02:19 that we're cheering on when the likes of
02:20 craig kelly got blackballed when donald
02:22 trump got blackboard now
02:23 ball now complaining that australian
02:25 newspaper publishers couldn't put their
02:27 stories online well i'm sorry
02:28 if you are constantly calling for social
02:31 media censorship
02:32 you have no right to complain when
02:34 social media senses you i think broadly
02:36 what this facebook saga has showed us
02:38 if i'm being honest is that uh big tech
02:40 may have a lot to answer for lord knows
02:42 they do but government regulation will
02:44 always
02:45 backfire all it will do is put the hand
02:48 of government coercion into the already
02:50 dangerous uh uh pot of silicon valley
02:54 and and lock out other players through
02:55 compliance costs you know we all have
02:57 our problems with big tech but mixing
02:58 government into the equation i'm telling
03:00 you i know what that looks like and you
03:01 ain't gonna like it
03:03 yeah i think though that when people got
03:05 banned yesterday
03:07 i think that got australians talking
03:09 about that issue i think it put
03:11 australians on notice people saw the
03:13 the impact you know the big hand of
03:15 silicon valley into you know
03:17 australian desktop computers and laptops
03:20 and your mobile phone device devices in
03:22 a way they hadn't seen before and
03:23 that's going to mobilize more action
03:26 than government regulations i think
03:27 that's a good thing
03:28 energy minister angus taylor he's
03:30 written today out to a whole lot of ceos
03:32 asx 200 companies
03:34 he's talking about these new reporting
03:36 requirements he's putting real pressure
03:38 you get in on companies to stop them
03:40 making
03:40 big grand commitments on emissions
03:42 reduction which we see almost every
03:44 given day
03:45 and and making them say if you're going
03:47 to go out there will worths or whoever
03:49 it might be net zero by 2050
03:51 what does it mean will worse what are
03:53 you going to do to deliver and if you're
03:55 going to make those sorts of promises
03:56 we're going to hold you to account
03:59 yeah this is a very very odd thing for
04:02 angus taylor
04:02 to to be doing my uh reading why are we
04:07 the liberal party won the last election
04:08 based on uh
04:10 the climate election i might have by uh
04:12 complaining that the costs of uh
04:14 climate change that label putting
04:16 forward were too high why
04:17 now uh encourage companies to uh
04:21 join in this net zero emissions madness
04:23 and and what
04:24 shows i think is the slide of hand here
04:26 that this technology-based uh knit zero
04:28 thing is really just a fur fee
04:30 uh we have to ask ask now very tough
04:33 questions how much
04:34 how many jobs will this cost of those
04:36 companies that have to comply
04:37 how much of those costs will be uh
04:38 passed on to consumers and what kind of
04:40 a hit will our superannuation portfolios
04:43 uh take in all this because don't forget
04:44 we invested all these companies because
04:46 the australian government forces us to
04:47 through the great racket that is
04:48 compulsory superannuation
04:51 all right that's a lot of red meat for
04:52 friday night i'm going to leave it there
04:56 great to have you as always thanks
04:58 thanks