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Post-election hearing

One senator asked Dorsey whether Facebook killed Vine

Jack Dorsey

Jack Dorsey said that Facebook's actions made it "challenging" for Vine to compete.

Image: C-SPAN

Sen. Amy Klobuchar asked Jack Dorsey whether Facebook's decision to cut off Vine led to the demise of Twitter's beloved video-sharing platform at today's Senate hearing.

"Could you tell me about the actual impact of Facebook's actions on Vine's business, Vine's ability to compete and your decision to shut down the service?" Klobuchar, the top Democrat on the Senate Judiciary antitrust subcommittee, asked Dorsey.

Dorsey said that Facebook's actions made it "challenging" for Vine to compete, leading to the app's shutdown in 2016.

"I don't know about the intent on the other side but I know our own experience was, we found it extremely challenging to compete ... and ultimately decided that the ball moved past us and we shut it down," Dorsey said. "Again, I don't know the specifics and the tactics and what was done, but we did find it [to be a] very, very challenging market to enter even though we existed prior to some of our peers doing the same thing."

Klobuchar mentioned Vine as a potential example of Facebook squashing an upcoming competitor.

People

Making the economy work for Black entrepreneurs

Funding for Black-owned startups needs to grow. That's just the start.

"There is no quick fix to close the racial wealth and opportunity gaps, but there are many ways companies can help," said Mastercard's Michael Froman.

Photo: DigitalVision/Getty Images

Michael Froman is the vice chairman and president of Strategic Growth for Mastercard.

When Tanya Van Court's daughter shared her 9th birthday wish list — a bike and an investment account — Tanya had a moment of inspiration. She wondered whether helping more kids get excited about saving for goals and learning simple financial principles could help them build a pathway to financial security. With a goal of reaching every kid in America, she founded Goalsetter, a savings and financial literacy app for kids. Last month, Tanya brought in backers including NBA stars Kevin Durant and Chris Paul, raising $3.9 million in seed funding.

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Michael Froman
Michael Froman serves as vice chairman and president, Strategic Growth for Mastercard. He and his team drive inclusive growth efforts and partner across public and private sectors to address major societal and economic issues. From 2013 to 2017, Mike served as the U.S. trade representative, President Barack Obama’s principal adviser and negotiator on international trade and investment issues. He is a distinguished fellow of the Council on Foreign Relations and a member of the board of directors of The Walt Disney Company.
Sponsored Content

Building better relationships in the age of all-remote work

How Stripe, Xero and ModSquad work with external partners and customers in Slack channels to build stronger, lasting relationships.

Image: Original by Damian Zaleski

Every business leader knows you can learn the most about your customers and partners by meeting them face-to-face. But in the wake of Covid-19, the kinds of conversations that were taking place over coffee, meals and in company halls are now relegated to video conferences—which can be less effective for nurturing relationships—and email.

Email inboxes, with hard-to-search threads and siloed messages, not only slow down communication but are also an easy target for scammers. Earlier this year, Google reported more than 18 million daily malware and phishing emails related to Covid-19 scams in just one week and more than 240 million daily spam messages.

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Policy

Bad news for Big Tech: Bipartisan agreement on antitrust reform

Democrats and Republicans found common ground during the first House hearing on antitrust of the new Congress. Here's what that means for tech giants.

The House Judiciary antitrust subcommittee held their first hearing of the 117th Congress.

Photo: Tom Williams/Getty Images

During the first House antitrust hearing of the new Congress, Democratic chairman David Cicilline and Republican ranking member Ken Buck made it clear they intend to forge ahead with a series of bipartisan reform efforts that could cut into the power of the largest technology companies.

"We will work on a serious bipartisan basis to advance these reforms together," Cicilline said during his opening remarks Thursday.

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Emily Birnbaum

Emily Birnbaum ( @birnbaum_e) is a tech policy reporter with Protocol. Her coverage focuses on the U.S. government's attempts to regulate one of the most powerful industries in the world, with a focus on antitrust, privacy and politics. Previously, she worked as a tech policy reporter with The Hill after spending several months as a breaking news reporter. She is a Bethesda, Maryland native and proud Kenyon College alumna.

Transforming 2021

Blockchain, QR codes and your phone: the race to build vaccine passports

Digital verification systems could give people the freedom to work and travel. Here's how they could actually happen.

One day, you might not need to carry that physical passport around, either.

Photo: CommonPass

There will come a time, hopefully in the near future, when you'll feel comfortable getting on a plane again. You might even stop at the lounge at the airport, head to the regional office when you land and maybe even see a concert that evening. This seemingly distant reality will depend upon vaccine rollouts continuing on schedule, an open-sourced digital verification system and, amazingly, the blockchain.

Several countries around the world have begun to prepare for what comes after vaccinations. Swaths of the population will be vaccinated before others, but that hasn't stopped industries decimated by the pandemic from pioneering ways to get some people back to work and play. One of the most promising efforts is the idea of a "vaccine passport," which would allow individuals to show proof that they've been vaccinated against COVID-19 in a way that could be verified by businesses to allow them to travel, work or relax in public without a great fear of spreading the virus.

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Mike Murphy

Mike Murphy ( @mcwm) is the director of special projects at Protocol, focusing on the industries being rapidly upended by technology and the companies disrupting incumbents. Previously, Mike was the technology editor at Quartz, where he frequently wrote on robotics, artificial intelligence, and consumer electronics.

Photo: Dustin Chambers/Bloomberg via Getty Images

On this episode of the Source Code podcast: Issie Lapowsky dissects what's happening between Facebook, Google and the Australian government. Then Anna Kramer joins to explain why Atlanta is the next big U.S. tech hub.

For more on the topics in this episode:

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David Pierce

David Pierce ( @pierce) is Protocol's editor at large. Prior to joining Protocol, he was a columnist at The Wall Street Journal, a senior writer with Wired, and deputy editor at The Verge. He owns all the phones.

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