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La siguiente transcripción del video la realiza un robot con inteligencia artificial que aprende cada día. Disculpa los errores:

And it’s the news that Facebook or most soulis Instagram are releasing a copycat competitive product to tick tock, tick tock. You’ve been in the news quite a lot. President Trump has said he wants to ban it. It’s owned and run by a Chinese company. And there’s been a lot of talk in the press and in various other places about some of the data it might be capturing. Privacy concerns and things like that. So there’s a possibility that ticket is going to be banned. There’s also talk of Microsoft wanting to buy ticktock from its parent company. And then President Trump has said that he wants the Federal Reserve to get a cut of the deal if that happens. I’m not sure entirely if that’s legal or not, but fair play. And most recently, as of today, of this recording, yes, Instagram has come out with its product called Real’s, which is looks to be a very sort of close tick tock clone. This isn’t the first time that Facebook or Instagram have done this. Can you tell us the story of Snapchat?

Yes. So I think Matt meant to break it down there is they let political issue then that the copycat issue. So it’s so place would be issue tried to acquire any small competitor that it’s growing fast or just copy what they are doing. And given they have like massive distribution, even if they they don’t, you know, become possible with their apps. They they just tried to stop them from growing or create some damage.

So, yeah, that comes back to us. A Break-Up of big tech. We talked before. I think they are on their own. Right on just trying to imitate the service or a product that is working and try to improve the experience of their own users. Sounds great. I don’t see anything wrong on trying to release similar product. I think, though, that context, it’s quite controversial because there is also the say that Facebook has been lobbying for Tick-Tock to be banned, which I’m not sure. I mean, I cannot prove it, but I wouldn’t be surprised, I must say. I mean, all these big tech companies, they are just people constantly lobbying for them in Washington to avoid them being broken up. And also, I know so.

Yeah, there there is. I mean, just for people that are not into the topic that much. So essentially China, the argument is that China basically bans all the U.S. tech companies and foreign companies and gone to enter China. So there is a case of why are we letting the Chinese companies in the US? So let’s dig for tag and then see what happens. So they should open up first or would push your companies now. You know why Wei was banned now? Tick tock. So who are ways a state company go and up is not. Well, they are kind of close to each of their own country of birth, let’s say. So they are quite international. They never received any money from the Chinese government. But the thing is, in China, there is this law that they passed a few years ago where any private company or any Kombai organisation in China should release to a government any information requested that the government doesn’t need any warrant or special court order, whatever. They just go ask and you need to provide the information. So because of that, even.

So, again, Victor is a Chinese company. There is a very, you know, clear case on data issues, on all the data they got there for I think there is a hundred million U.S. users. So even if the servers are in the U.S. on a lot of change, are asked for information, they will get it. So then how that interferes with Microsoft trying to buy them? It’s a different story. President Trump asking for a cut, a clear cut buys.

Yeah, I think many people would like it. Yeah. It’s more like a private sector deal. I don’t think they should have to get involved in politics, but some politics in the private sector also. Or the least possible. But people can benefit somehow from those deals. That could be interesting.

I’m not saying it’s right or wrong to bandy doke or or do what they’re doing. But certainly they have some grounds. So, yeah, Facebook imitate. I acted in very good timing. Suspicious as well. On the. Yeah. On the copycat product.

I don’t think they would try to replace ticktock unless it’s banned completely. Maybe people have no option, but yeah, they are on their own. Right. And then yeah. The politics around this issue gets a turn. Interesting. And yet the bottom line or the most the mostly controversial or potentially damaging situation for Western countries or or U.S. even is the power of big debt. I would say rather, Don, what’s going on on the copy God or banning Tick-Tock is more about the monopolies, not not letting you know other businesses to flourish because they acquire ARELY or they just copy them and go with massive distribution. They don’t let them grow. So and that applies also to Amazon with retailers. And not to mention, of course, I mean, Apple with their distribution on their Apple store to. So. Yeah. Amendment many cases.

Yeah. I think.

In business, in general, as in science and many other things, you know, progress happens by standing on the shoulders of giants. Right. So, you know, imitation and iterating on stuff that works is, you know, how how their whole machine moves forward. So, like, where do you draw the line between, you know, complete copycatting vs. iterating on sort of successful business model or an innovation or something like that? I think it was it was particularly newsworthy not only because the Tick Tock association, but because, like Facebook and Instagram have been accused of doing this before. So when they launched Instagram stories, that was essentially a very close copy of what Snapchat was doing. And the intention was obviously to each Snapchat lunch. Now snap. The corporation has managed to survive surprisingly and is doing reasonably well these days. But there was actually a story behind that because Snapchat itself was accused of being a clone of a previous ATCO shots. The Shots app did short factor expiring video stuff and had a fairly sizeable user base even before Snapchat came in. So, you know, it’s it’s copycats all the way down. And you can make that case for any business in many cases. You know, if you start a accountancy, practise a year, coppery copying TWC or are you a copycat?

Well, actually ticked up. So the parent companies go by dones. So they initial video up was vice, which banned the replacement app or copy got for DOT was musically and by dance, acquired musically and turned into Tick-Tock. So again, even their story is not from their as it was Vine rather than vice.

Yeah, it was a call that was acquired by Twitter and then killed, as Twitter does, with all acquisitions.

That’s true.

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