1 00:00:04,400 --> 00:00:07,800 Speaker 1: Welcome to tech Stuff, a production from I Heart Radio. 2 00:00:11,840 --> 00:00:14,560 Speaker 1: Hey there, and welcome to tech Stuff. I'm your host, 3 00:00:14,680 --> 00:00:17,800 Speaker 1: Jonathan Strickland. I'm an executive producer with I Heart Radio 4 00:00:17,920 --> 00:00:20,200 Speaker 1: and how the tech are you. It's time for the 5 00:00:20,239 --> 00:00:23,759 Speaker 1: tech news for Thursday, November third, two thousand twenty two. 6 00:00:24,560 --> 00:00:27,319 Speaker 1: Let's rip off the band aid, y'all and get the 7 00:00:27,400 --> 00:00:31,280 Speaker 1: obligatory updates about Twitter out of the way. First. Elon 8 00:00:31,400 --> 00:00:34,680 Speaker 1: Musk has said that banned accounts, such as the one 9 00:00:34,760 --> 00:00:38,920 Speaker 1: belonging to former US President Donald Trump, will remain off 10 00:00:38,920 --> 00:00:43,040 Speaker 1: Twitter until the company has established a clear process for 11 00:00:43,200 --> 00:00:48,080 Speaker 1: evaluating and potentially reinstating accounts. That means it's unlikely that 12 00:00:48,159 --> 00:00:50,440 Speaker 1: the former president will be able to hop back onto 13 00:00:50,520 --> 00:00:55,960 Speaker 1: Twitter before the US midterm elections, which happened on November eight. Next, 14 00:00:56,120 --> 00:00:59,959 Speaker 1: Musk is running damage control while trying to reassure advertise 15 00:01:00,040 --> 00:01:04,840 Speaker 1: users that Twitter will not descend into total chaos and 16 00:01:04,920 --> 00:01:08,960 Speaker 1: that companies should totally feel good about advertising there. This 17 00:01:09,080 --> 00:01:11,360 Speaker 1: argument was probably not helped by the fact that in 18 00:01:11,400 --> 00:01:14,480 Speaker 1: the wake of Musk taking over Twitter, the use of 19 00:01:14,640 --> 00:01:18,560 Speaker 1: racist language and hate speech increased by nearly five times 20 00:01:18,640 --> 00:01:23,000 Speaker 1: the frequency of their use prior to the takeover. That's 21 00:01:23,000 --> 00:01:26,880 Speaker 1: according to researchers from Montclair State University. The ad world 22 00:01:27,400 --> 00:01:30,720 Speaker 1: is already seeing a slowdown across the industry due to 23 00:01:30,880 --> 00:01:33,720 Speaker 1: economic issues. This is not just something that's affecting Twitter, 24 00:01:34,440 --> 00:01:37,720 Speaker 1: but some advertising companies have been advising their clients to 25 00:01:38,120 --> 00:01:41,760 Speaker 1: perhaps pause their spending on Twitter while they wait for 26 00:01:41,800 --> 00:01:46,000 Speaker 1: a clear content policy from the new CEO. As for 27 00:01:46,080 --> 00:01:50,000 Speaker 1: what's happening within the company itself, Bloomberg reports that Musk 28 00:01:50,040 --> 00:01:53,400 Speaker 1: is looking to cut roughly half of all staff, which 29 00:01:53,440 --> 00:01:56,240 Speaker 1: is still less than what we had previously heard with 30 00:01:56,400 --> 00:02:02,440 Speaker 1: the the term bandied about late last month. But good gravy, 31 00:02:02,480 --> 00:02:05,560 Speaker 1: that is a lot of people. Okay, that gets us 32 00:02:05,600 --> 00:02:08,920 Speaker 1: up to speed with what's going on there. Let's put 33 00:02:08,960 --> 00:02:11,160 Speaker 1: Twitter in the rear view mirror and keep on going. 34 00:02:11,720 --> 00:02:14,920 Speaker 1: The Register reports that Microsoft is considering a strategy to 35 00:02:15,040 --> 00:02:20,400 Speaker 1: offer PCs through subscriptions and ads rather than your traditional 36 00:02:20,600 --> 00:02:23,720 Speaker 1: upfront purchase price. So, in other words, if you're in 37 00:02:23,760 --> 00:02:27,280 Speaker 1: the market for a PC and Microsoft does this, you 38 00:02:27,320 --> 00:02:31,119 Speaker 1: could get a computer for like a low monthly subscription 39 00:02:31,320 --> 00:02:35,600 Speaker 1: and or agreeing to have ads served to you. Jeff Bert, 40 00:02:35,680 --> 00:02:39,000 Speaker 1: the reporter who wrote the article on the Register, reminds 41 00:02:39,040 --> 00:02:41,560 Speaker 1: us that this is just something that is being considered 42 00:02:42,080 --> 00:02:45,800 Speaker 1: and that we may actually never see ads subsidized PCs 43 00:02:45,800 --> 00:02:49,240 Speaker 1: from Microsoft. But considering the PC market in general has 44 00:02:49,280 --> 00:02:52,280 Speaker 1: seen a sharp decline in sales recently, I would not 45 00:02:52,320 --> 00:02:55,519 Speaker 1: be surprised to learn that companies are looking at alternatives 46 00:02:55,720 --> 00:02:58,880 Speaker 1: in an effort to remain profitable. Such a PC would 47 00:02:58,919 --> 00:03:02,680 Speaker 1: likely lean heavily on cloud based services and apps. That 48 00:03:02,720 --> 00:03:06,560 Speaker 1: means it might not necessarily be particularly beefy. So for 49 00:03:06,600 --> 00:03:10,000 Speaker 1: the gamers out there, I suspect this offer would not 50 00:03:10,080 --> 00:03:13,760 Speaker 1: really mean anything because it's not likely to be the 51 00:03:13,760 --> 00:03:16,120 Speaker 1: sort of PC that you would want to run games 52 00:03:16,120 --> 00:03:19,440 Speaker 1: off of. But if you want a productivity PC, this 53 00:03:19,520 --> 00:03:23,000 Speaker 1: might end up being away that you can get access 54 00:03:23,000 --> 00:03:24,920 Speaker 1: to one without having to pay hundreds of bucks to 55 00:03:25,000 --> 00:03:29,000 Speaker 1: buy one. If, as I said, Microsoft moves forward, we'll 56 00:03:29,040 --> 00:03:31,720 Speaker 1: have to wait and see. The PC market is not 57 00:03:31,800 --> 00:03:34,000 Speaker 1: the only one in the tech industry that is seeing 58 00:03:34,040 --> 00:03:38,920 Speaker 1: tough times ahead. Qualcom, which is a microchip provider. It 59 00:03:38,960 --> 00:03:43,000 Speaker 1: makes the processors that power tons of smartphones, including iPhones 60 00:03:43,040 --> 00:03:47,480 Speaker 1: and Android phones, is predicting that phone sales are going 61 00:03:47,560 --> 00:03:53,160 Speaker 1: to slow down significantly due to the uncertain economic climate. 62 00:03:53,760 --> 00:03:57,840 Speaker 1: Folks are understandably looking to spend less money as inflation 63 00:03:58,000 --> 00:04:00,600 Speaker 1: rises in various parts of the world, which makes sense. 64 00:04:00,640 --> 00:04:02,760 Speaker 1: You want to make sure you're holding back money so 65 00:04:02,800 --> 00:04:06,240 Speaker 1: you can pay for necessities right, And as a result, 66 00:04:06,320 --> 00:04:09,280 Speaker 1: we're seeing fewer folks rush out to buy new tech 67 00:04:09,440 --> 00:04:13,920 Speaker 1: gadgets like computers and smartphones. Previously, Qualcom had predicted that 68 00:04:14,000 --> 00:04:16,880 Speaker 1: smartphone sales were going to decline in the single digit 69 00:04:16,960 --> 00:04:20,880 Speaker 1: percentage range, so anywhere between one and nine, but now 70 00:04:21,000 --> 00:04:24,240 Speaker 1: Qualcom has adjusted this prediction to say that it will 71 00:04:24,279 --> 00:04:28,520 Speaker 1: be more likely a low double digit percentage decline. The 72 00:04:28,640 --> 00:04:33,200 Speaker 1: uncertain economic climate is not the only factor at play here. 73 00:04:33,520 --> 00:04:36,560 Speaker 1: Another is that the supply chain issues, which were such 74 00:04:36,600 --> 00:04:40,120 Speaker 1: a huge challenge over the last couple of years, are 75 00:04:40,279 --> 00:04:43,440 Speaker 1: finally clearing up in some sectors. But this has actually 76 00:04:43,520 --> 00:04:48,640 Speaker 1: led to increased inventory, so you've got more supply and 77 00:04:48,760 --> 00:04:53,279 Speaker 1: declining demand. Qualcom predicts this decline demand will extend through 78 00:04:53,279 --> 00:04:55,520 Speaker 1: the rest of the year, and that they are currently 79 00:04:55,600 --> 00:04:59,680 Speaker 1: around eight to ten weeks worth of elevated inventory among 80 00:05:00,080 --> 00:05:03,240 Speaker 1: various carriers out there, So keep an eye out for 81 00:05:03,279 --> 00:05:06,200 Speaker 1: smartphone deals in case you're actually in the market to 82 00:05:06,240 --> 00:05:08,360 Speaker 1: get a new phone before the end of this year. 83 00:05:08,760 --> 00:05:12,240 Speaker 1: It is possible that we might see some enticing sales 84 00:05:12,360 --> 00:05:16,120 Speaker 1: around the holidays as companies attempt to offload some of 85 00:05:16,160 --> 00:05:20,000 Speaker 1: this inventory. It's not a guarantee, but it is a possibility. 86 00:05:20,000 --> 00:05:22,560 Speaker 1: And if you are someone who needs to get a 87 00:05:22,560 --> 00:05:25,240 Speaker 1: new phone and who has money set a site to 88 00:05:25,279 --> 00:05:29,120 Speaker 1: do that, be on the lookout for those potential deals. 89 00:05:29,160 --> 00:05:32,120 Speaker 1: They may very well be around the corner. No guarantee, 90 00:05:32,440 --> 00:05:34,839 Speaker 1: but I'd be shocked if we didn't see some massive 91 00:05:34,920 --> 00:05:39,280 Speaker 1: sales around the Black Friday event. You know, a wise 92 00:05:39,360 --> 00:05:44,000 Speaker 1: frog once said, it's not easy being green, but it's 93 00:05:44,040 --> 00:05:47,760 Speaker 1: also not easy to be radiant Orchid or tangerine tango 94 00:05:48,360 --> 00:05:52,719 Speaker 1: or specter a yellow. Those are names of colors designed 95 00:05:52,800 --> 00:05:56,839 Speaker 1: by Pantone. And you know it's not easy because if 96 00:05:56,920 --> 00:06:00,680 Speaker 1: you use Adobe's Creative Suite programs, you now have to 97 00:06:00,720 --> 00:06:03,520 Speaker 1: pay extra to Pantone in order to use those or 98 00:06:03,560 --> 00:06:07,880 Speaker 1: any other colors that they've created. Recently, Adobe users have 99 00:06:08,000 --> 00:06:11,000 Speaker 1: discovered that in order to use certain colors, they have 100 00:06:11,080 --> 00:06:14,360 Speaker 1: to agree to a fifteen dollar per month subscription to 101 00:06:14,520 --> 00:06:17,760 Speaker 1: Pantoe in order to access those. This is due to 102 00:06:17,800 --> 00:06:20,800 Speaker 1: a change in the licensing agreement between Adobe and Pantone. 103 00:06:21,279 --> 00:06:24,680 Speaker 1: And if you're not in design, you might think, what's 104 00:06:24,720 --> 00:06:28,599 Speaker 1: the big deal here? They are colors owned by some company. 105 00:06:28,640 --> 00:06:32,680 Speaker 1: Just use some other color. But Pantone has established itself 106 00:06:32,760 --> 00:06:36,479 Speaker 1: as sort of an industry standard for design when it 107 00:06:36,520 --> 00:06:39,760 Speaker 1: comes to color. The color matching in Pantone means you 108 00:06:39,800 --> 00:06:43,000 Speaker 1: know exactly what you're getting when you use those colors. 109 00:06:43,400 --> 00:06:46,919 Speaker 1: Of course, those colors might appear differently to the end 110 00:06:47,040 --> 00:06:50,599 Speaker 1: user depending upon how they're viewing them, like print versus 111 00:06:51,040 --> 00:06:56,040 Speaker 1: their screen versus a pristinely calibrated screen, etcetera. If a 112 00:06:56,040 --> 00:07:00,200 Speaker 1: designer has not coughed up this subscription fee, they will 113 00:07:00,279 --> 00:07:04,679 Speaker 1: encounter the color black rather than you know, poppy red 114 00:07:04,800 --> 00:07:08,120 Speaker 1: or vibrant green, or whatever Pantone color was supposed to 115 00:07:08,120 --> 00:07:13,160 Speaker 1: be there. This also applies to past designs. So if 116 00:07:13,240 --> 00:07:16,400 Speaker 1: you are a designer and you use the Adobe Suite 117 00:07:16,440 --> 00:07:19,040 Speaker 1: and you created stuff in the past and you have 118 00:07:19,160 --> 00:07:21,800 Speaker 1: not yet subscribed to this, if you go back and 119 00:07:21,840 --> 00:07:25,400 Speaker 1: open up any of your old designs that had Pantone 120 00:07:25,400 --> 00:07:27,600 Speaker 1: colors in it, you're going to see that those colors 121 00:07:27,640 --> 00:07:29,880 Speaker 1: have been replaced with black, and you'll get a message 122 00:07:29,920 --> 00:07:32,920 Speaker 1: saying that you need to subscribe to Pantone in order 123 00:07:32,960 --> 00:07:36,160 Speaker 1: to get access to those colors. Again. On top of 124 00:07:36,160 --> 00:07:39,320 Speaker 1: all this, it sounds like pantone solution, which is to 125 00:07:39,640 --> 00:07:43,880 Speaker 1: download a plug in extension that will supposedly work with 126 00:07:43,920 --> 00:07:50,200 Speaker 1: the Adobe Suite, hasn't had a success rate when it 127 00:07:50,200 --> 00:07:54,320 Speaker 1: comes to designers actually installing that plug in. Some people 128 00:07:54,680 --> 00:07:57,200 Speaker 1: are reporting that they have gone through the whole process 129 00:07:57,280 --> 00:08:00,280 Speaker 1: of subscribing and getting the plug in and installing it 130 00:08:00,960 --> 00:08:04,440 Speaker 1: and yet have not been able to access the plugins features, 131 00:08:04,480 --> 00:08:06,720 Speaker 1: so they haven't been able to get access to those colors. 132 00:08:06,760 --> 00:08:10,120 Speaker 1: After all, users have let their displeasure be known by 133 00:08:10,160 --> 00:08:13,440 Speaker 1: review bombing the plug in, which currently has a rating 134 00:08:13,480 --> 00:08:16,040 Speaker 1: of around one and a half stars, which is a 135 00:08:16,040 --> 00:08:20,520 Speaker 1: big old yikes. The Guardian reports that TikTok, which recently 136 00:08:20,640 --> 00:08:24,200 Speaker 1: updated its privacy policy, has revealed that staff around the 137 00:08:24,240 --> 00:08:28,160 Speaker 1: world can have access to user data, including within the 138 00:08:28,200 --> 00:08:32,320 Speaker 1: European Union. That is a big issue due to the 139 00:08:32,320 --> 00:08:36,439 Speaker 1: eu s stance on citizen privacy and how data should 140 00:08:36,480 --> 00:08:39,839 Speaker 1: be handled. The g d p R has extensive rules 141 00:08:39,880 --> 00:08:44,200 Speaker 1: about the fact that EU citizen data is supposed to 142 00:08:44,240 --> 00:08:47,720 Speaker 1: be kind of contained within the EU itself. You're not 143 00:08:47,760 --> 00:08:52,480 Speaker 1: supposed to have that data go outside the EU without 144 00:08:53,040 --> 00:08:57,720 Speaker 1: express permissions granted, and the thought of people in other 145 00:08:57,760 --> 00:09:01,520 Speaker 1: parts of the world into scriminately being able to access 146 00:09:01,600 --> 00:09:07,120 Speaker 1: personal information about EU citizens runs counter to those rules, 147 00:09:07,760 --> 00:09:11,520 Speaker 1: and according to The Guardian, even staff in China would 148 00:09:11,520 --> 00:09:14,439 Speaker 1: be able to look at user data in the EU. 149 00:09:14,760 --> 00:09:16,880 Speaker 1: That's something that we've seen kind of echoed here in 150 00:09:16,920 --> 00:09:20,280 Speaker 1: the US. We've seen policy makers and analysts raise red 151 00:09:20,320 --> 00:09:24,280 Speaker 1: flags that TikTok's parent company, which is byte Dance, a 152 00:09:24,400 --> 00:09:29,160 Speaker 1: Chinese company, could potentially end up sharing information by choice 153 00:09:29,280 --> 00:09:32,720 Speaker 1: or otherwise with the Chinese government. This is something that 154 00:09:32,760 --> 00:09:35,720 Speaker 1: TikTok reps have denied multiple times, but it remains a 155 00:09:35,760 --> 00:09:39,480 Speaker 1: concern in the US and in other places. This is 156 00:09:39,600 --> 00:09:43,000 Speaker 1: likely to feed into investigations in the EU by the 157 00:09:43,080 --> 00:09:46,880 Speaker 1: Irish Data Protection Commission. That's an agency that has had 158 00:09:47,840 --> 00:09:51,679 Speaker 1: multiple tech companies in their sites to hold them accountable 159 00:09:51,720 --> 00:09:55,359 Speaker 1: for their data practices with regard to EU citizen private information. 160 00:09:55,840 --> 00:09:59,240 Speaker 1: So not the end of the story by any means, 161 00:09:59,679 --> 00:10:05,360 Speaker 1: but it's another another sign of how this interconnected world 162 00:10:05,679 --> 00:10:09,840 Speaker 1: starts to run into some really challenging problems when you're 163 00:10:09,840 --> 00:10:15,280 Speaker 1: coming into realms like protecting user privacy and security. How 164 00:10:15,320 --> 00:10:21,040 Speaker 1: do you ensure that when you're talking about a global system, 165 00:10:21,040 --> 00:10:23,760 Speaker 1: but you don't have a global society, right, We have 166 00:10:23,840 --> 00:10:28,280 Speaker 1: a very fractured society around the world. So, yeah, interesting story. 167 00:10:28,360 --> 00:10:31,720 Speaker 1: When we come back, we'll talk about a similar story 168 00:10:32,360 --> 00:10:36,360 Speaker 1: unfolding here in the United States, also involving TikTok. Right 169 00:10:36,400 --> 00:10:48,680 Speaker 1: after this break, we're back. So over here in the 170 00:10:48,760 --> 00:10:53,840 Speaker 1: United States, FCC Commissioner Brendan Carr has said that the 171 00:10:53,920 --> 00:10:59,240 Speaker 1: government should probably just outright ban TikTok from operating within 172 00:10:59,280 --> 00:11:02,600 Speaker 1: the United States. Card told reporters that he saw very 173 00:11:02,640 --> 00:11:05,920 Speaker 1: little chance for any sort of suitable arrangement to be 174 00:11:06,000 --> 00:11:09,960 Speaker 1: made regarding TikTok and the US government specifically with the 175 00:11:09,960 --> 00:11:15,480 Speaker 1: focus on national security concerns. He expressed pessimism that any 176 00:11:15,559 --> 00:11:19,240 Speaker 1: deal would be ironclad enough to prevent TikTok from sharing 177 00:11:19,320 --> 00:11:22,280 Speaker 1: data with bite Dance, and as such, there will be 178 00:11:22,320 --> 00:11:29,280 Speaker 1: no real way forward to really protect US data other 179 00:11:29,320 --> 00:11:33,680 Speaker 1: than just banning TikTok outright in the United States, which 180 00:11:33,720 --> 00:11:37,840 Speaker 1: is a pretty jarring thing to consider. I cannot remember 181 00:11:37,840 --> 00:11:41,679 Speaker 1: a time when the US government told a US based company, 182 00:11:41,800 --> 00:11:44,840 Speaker 1: we cannot let you exist here. I mean, apart from 183 00:11:44,920 --> 00:11:49,800 Speaker 1: companies that ended up being total scams. Right, total scams 184 00:11:49,800 --> 00:11:53,120 Speaker 1: you get because that is a deception played upon the 185 00:11:53,200 --> 00:11:57,400 Speaker 1: US population. The government may well get involved in those cases, 186 00:11:57,760 --> 00:12:01,000 Speaker 1: but for ones where it's not a scam but there 187 00:12:01,120 --> 00:12:04,440 Speaker 1: is a national security element to it, that's kind of 188 00:12:04,440 --> 00:12:08,240 Speaker 1: an outlier. TikTok, just to remind you again, it is 189 00:12:08,280 --> 00:12:12,440 Speaker 1: a subsidiary of the Chinese company Byte Dance, but TikTok 190 00:12:12,520 --> 00:12:18,240 Speaker 1: itself is US based, so it is a complicated matter. Um. 191 00:12:18,360 --> 00:12:21,880 Speaker 1: TikTok has obviously tried to settle these concerns in various ways. 192 00:12:22,360 --> 00:12:26,839 Speaker 1: This summer, it migrated all of US user data to 193 00:12:27,320 --> 00:12:32,360 Speaker 1: servers that are on Oracles systems, so those servers are 194 00:12:32,440 --> 00:12:37,640 Speaker 1: not Chinese based servers, and TikTok was really hoping that 195 00:12:37,640 --> 00:12:39,679 Speaker 1: that would help take some of the heat off the 196 00:12:39,720 --> 00:12:44,360 Speaker 1: company as various policy makers began to question whether or 197 00:12:44,400 --> 00:12:48,360 Speaker 1: not the company represents a threat to national security. All 198 00:12:48,400 --> 00:12:52,439 Speaker 1: that being said, FCC Commissioner car has expressed his own opinion. 199 00:12:52,480 --> 00:12:55,400 Speaker 1: He does not factor into the negotiations between TikTok and 200 00:12:55,400 --> 00:12:57,960 Speaker 1: the US government, so it's not his decision to make. 201 00:12:58,480 --> 00:13:03,560 Speaker 1: He's just saying, I can't it imagine a deal that 202 00:13:03,640 --> 00:13:08,400 Speaker 1: would be sufficient to protect U S citizens. And really 203 00:13:08,440 --> 00:13:10,520 Speaker 1: the only way forward I see if you want to 204 00:13:10,559 --> 00:13:14,720 Speaker 1: protect citizens is to ban TikTok. That you know. Obviously, 205 00:13:14,760 --> 00:13:17,520 Speaker 1: that does not mean the US government will ban TikTok. 206 00:13:17,559 --> 00:13:21,720 Speaker 1: In fact, I think that's an a very small possibility. 207 00:13:21,760 --> 00:13:25,080 Speaker 1: Maybe it'll happen. Uh, it's hard for me to say. 208 00:13:25,120 --> 00:13:27,120 Speaker 1: I mean, I have no insight on this other than 209 00:13:27,240 --> 00:13:30,720 Speaker 1: it feels to me like that's unlikely. But even if 210 00:13:30,720 --> 00:13:34,040 Speaker 1: the government does do that, you know, I will cover 211 00:13:34,160 --> 00:13:36,960 Speaker 1: the story, although you'll probably be aware of it already 212 00:13:36,960 --> 00:13:39,320 Speaker 1: because there'll be kids all over the place saying things 213 00:13:39,440 --> 00:13:43,080 Speaker 1: like why dance if nobody is watching. Back in October, 214 00:13:43,520 --> 00:13:46,640 Speaker 1: pro Publica published the results of an investigation into a 215 00:13:46,720 --> 00:13:50,959 Speaker 1: Texas based services company on the matter of price fixing. 216 00:13:51,000 --> 00:13:54,000 Speaker 1: I actually thought about covering the story when it first broke, 217 00:13:54,880 --> 00:13:59,520 Speaker 1: but thought it was a little too regional. It's not really, 218 00:14:00,120 --> 00:14:02,800 Speaker 1: but yeah, let's let's get into it. So the company 219 00:14:03,040 --> 00:14:06,400 Speaker 1: is called real Page and one of the services that 220 00:14:06,480 --> 00:14:10,480 Speaker 1: it offers to property managers you know, landlords, is called 221 00:14:10,760 --> 00:14:15,520 Speaker 1: yield Star, and this is software is designed to suggest 222 00:14:15,760 --> 00:14:21,440 Speaker 1: optimal rental prices for property managers. The ideas that the 223 00:14:21,480 --> 00:14:24,720 Speaker 1: software can help a landlord set a proper rental price 224 00:14:24,800 --> 00:14:27,760 Speaker 1: for any given property, whether it's an apartment or a 225 00:14:27,840 --> 00:14:31,520 Speaker 1: home or whatever. It takes all these different factors into account. 226 00:14:31,560 --> 00:14:34,520 Speaker 1: You know, market factors for that specific region, what are 227 00:14:34,600 --> 00:14:38,000 Speaker 1: other landlords charging that kind of thing, and you get 228 00:14:38,080 --> 00:14:42,600 Speaker 1: daily updates with suggestions about where to set rental prices. 229 00:14:42,680 --> 00:14:46,720 Speaker 1: And Pro Publica alleges that because you have so relatively 230 00:14:46,880 --> 00:14:52,200 Speaker 1: few property managers out there, this software leads to situations 231 00:14:52,280 --> 00:14:56,360 Speaker 1: where you effectively have price fixing and collusion between landlords, 232 00:14:56,360 --> 00:14:59,120 Speaker 1: even though they're not directly talking to one another. By 233 00:14:59,160 --> 00:15:03,240 Speaker 1: the ample fact that they're all relying upon this kind 234 00:15:03,240 --> 00:15:08,360 Speaker 1: of software, it is the software that is effectively handling 235 00:15:08,400 --> 00:15:12,520 Speaker 1: all the collusion. So Pro publica as investigation also revealed 236 00:15:12,520 --> 00:15:15,720 Speaker 1: that like in parts of Seattle, for example, seventy of 237 00:15:15,800 --> 00:15:20,280 Speaker 1: all rental housing is overseen by just ten property managers. 238 00:15:20,280 --> 00:15:24,320 Speaker 1: So you have just ten entities overseeing seventy of the 239 00:15:24,400 --> 00:15:28,240 Speaker 1: rental properties in this one place. So if these ten 240 00:15:28,680 --> 00:15:33,120 Speaker 1: property managers are using this software, then the vast majority 241 00:15:33,200 --> 00:15:36,560 Speaker 1: of rental properties are going to have their prices determined 242 00:15:36,560 --> 00:15:40,560 Speaker 1: by this software that's looking to maximize revenue for the landlords. 243 00:15:40,600 --> 00:15:42,600 Speaker 1: I mean, that's why landlords want to use the software 244 00:15:42,600 --> 00:15:45,080 Speaker 1: in the first place, right, They want to be able 245 00:15:45,120 --> 00:15:48,880 Speaker 1: to determine how much can I charge in rent for 246 00:15:48,960 --> 00:15:54,480 Speaker 1: this property that will maximize my own personal revenue, Which 247 00:15:54,520 --> 00:15:57,119 Speaker 1: makes sense, that's the whole nature of being a landlord. 248 00:15:57,760 --> 00:16:00,040 Speaker 1: But if this software is doing it for all of 249 00:16:00,120 --> 00:16:04,320 Speaker 1: different property managers within a region, they can start hiking 250 00:16:04,400 --> 00:16:07,680 Speaker 1: up that price and there's a lack of competition. You're 251 00:16:07,680 --> 00:16:10,160 Speaker 1: not going to be told, hey, you need to set 252 00:16:10,200 --> 00:16:14,880 Speaker 1: your price at this level, because it will definitely still 253 00:16:14,920 --> 00:16:17,560 Speaker 1: make you a profit, but it will undercut your competition 254 00:16:18,080 --> 00:16:20,760 Speaker 1: and more people will be drawn to your properties instead. 255 00:16:20,800 --> 00:16:23,760 Speaker 1: It's more like, here's how much everyone's charging, so here's 256 00:16:23,760 --> 00:16:29,000 Speaker 1: how much you can charge. And ultimately it's the end customer, 257 00:16:29,160 --> 00:16:31,880 Speaker 1: you know, the renters who are hurt by this lack 258 00:16:31,920 --> 00:16:35,320 Speaker 1: of competition, they don't have alternatives they can go to 259 00:16:35,960 --> 00:16:38,880 Speaker 1: where they're not spending more than what the market would 260 00:16:38,920 --> 00:16:42,680 Speaker 1: typically bear to rent their properties. So now U S. 261 00:16:42,800 --> 00:16:46,800 Speaker 1: Senator Shared Brown is calling for an FTC review into 262 00:16:46,840 --> 00:16:51,560 Speaker 1: the matter after Pro Publica published this investigation. This kind 263 00:16:51,560 --> 00:16:53,960 Speaker 1: of collusion has happened in the past, but in this 264 00:16:54,000 --> 00:16:58,280 Speaker 1: case It's really interesting because it's the software that's facilitating 265 00:16:58,520 --> 00:17:02,320 Speaker 1: the whole thing. Uh it, it really gives the participating 266 00:17:02,440 --> 00:17:05,080 Speaker 1: landlords and out right it's not they can say, hey, 267 00:17:05,119 --> 00:17:09,040 Speaker 1: we weren't trying to collude, we weren't trying to fix prices. 268 00:17:09,280 --> 00:17:12,000 Speaker 1: We were using a tool to help determine how to 269 00:17:12,040 --> 00:17:15,720 Speaker 1: run our business. Anyway. Yeah, it'll be interesting to see 270 00:17:16,040 --> 00:17:19,840 Speaker 1: if this will lead to a full FTC investigation in 271 00:17:19,880 --> 00:17:22,600 Speaker 1: what that outcome could be, because it could mean that 272 00:17:22,760 --> 00:17:27,000 Speaker 1: we see a real strict kind of limitation put on 273 00:17:27,080 --> 00:17:30,160 Speaker 1: this type of software in general, the type that's meant 274 00:17:30,200 --> 00:17:35,399 Speaker 1: to maximize revenue for for certain types of services, because 275 00:17:35,400 --> 00:17:41,000 Speaker 1: it could lead to that anti competitive situation. Finally, Meta, 276 00:17:41,280 --> 00:17:43,600 Speaker 1: in its ongoing quest to make the future of the 277 00:17:43,640 --> 00:17:47,320 Speaker 1: Internet happen even if nobody wants it, announced that it 278 00:17:47,440 --> 00:17:51,000 Speaker 1: is testing a new feature on Instagram. That feature lets 279 00:17:51,040 --> 00:17:54,879 Speaker 1: a quote small group of creators in the US end 280 00:17:54,960 --> 00:17:59,320 Speaker 1: quote meant in f T s, and then users can 281 00:17:59,359 --> 00:18:02,560 Speaker 1: purchase the n f T S. So it's an n 282 00:18:02,600 --> 00:18:06,800 Speaker 1: f T marketplace that's integrated into Instagram that they're testing. 283 00:18:07,480 --> 00:18:09,840 Speaker 1: The n f T marketplace is going to be on 284 00:18:09,920 --> 00:18:13,879 Speaker 1: top of the polygon blockchain. Polygon is just one of 285 00:18:13,920 --> 00:18:16,679 Speaker 1: many block chains out there, and that would be the 286 00:18:16,720 --> 00:18:21,320 Speaker 1: foundation for this particular n f T marketplace. So you could, 287 00:18:21,720 --> 00:18:25,280 Speaker 1: you know, trade on the Instagram platform or directly onto 288 00:18:25,320 --> 00:18:29,440 Speaker 1: the Polygon blockchain. Users will be able to display their 289 00:18:29,520 --> 00:18:33,240 Speaker 1: n f T s on Instagram, So I guess that's 290 00:18:33,280 --> 00:18:37,120 Speaker 1: a that's an attractive feature. Now, I admit I am 291 00:18:37,160 --> 00:18:39,119 Speaker 1: not the audience for this. Heck, I'm not even on 292 00:18:39,200 --> 00:18:43,600 Speaker 1: Instagram anymore, so I definitely not the person this is 293 00:18:43,640 --> 00:18:46,520 Speaker 1: targeted to. I still find the idea of buying n 294 00:18:46,600 --> 00:18:50,960 Speaker 1: f T s to be questionable at best. Um and 295 00:18:51,160 --> 00:18:56,040 Speaker 1: creating a culture where displaying n f T purchases rubs 296 00:18:56,080 --> 00:18:59,000 Speaker 1: me the wrong way. It kind of starts to get 297 00:18:59,040 --> 00:19:05,000 Speaker 1: into this kind of concern ubicuous consumption idea. Listen, I 298 00:19:05,000 --> 00:19:07,040 Speaker 1: grew up in the eighties. I just I find all 299 00:19:07,040 --> 00:19:10,080 Speaker 1: that ikey at this point. So all of that kind 300 00:19:10,080 --> 00:19:13,480 Speaker 1: of strikes me the wrong way. At this stage. However, 301 00:19:14,200 --> 00:19:17,919 Speaker 1: I can understand the idea as being a way to 302 00:19:18,000 --> 00:19:21,359 Speaker 1: support maybe a specific artist. Right. So let's say that 303 00:19:21,400 --> 00:19:26,600 Speaker 1: there's a cartoonist who has an Instagram account, and this 304 00:19:26,640 --> 00:19:29,760 Speaker 1: cartoonist has decided to mint n f T s of 305 00:19:30,040 --> 00:19:33,040 Speaker 1: their work based off their work. So you purchase an 306 00:19:33,119 --> 00:19:35,919 Speaker 1: n f T to show your support for that artist. 307 00:19:36,040 --> 00:19:37,840 Speaker 1: You really like that artist, You buy an n f 308 00:19:37,880 --> 00:19:41,440 Speaker 1: T to support that person, and so that's the nature 309 00:19:41,480 --> 00:19:44,160 Speaker 1: of that transaction. And then you also have the opportunity 310 00:19:44,240 --> 00:19:47,720 Speaker 1: to display your n f T on Instagram, which could 311 00:19:47,800 --> 00:19:49,920 Speaker 1: act as a kind of promotion for that artist. You're 312 00:19:50,000 --> 00:19:52,439 Speaker 1: you're saying, I support this person, I think they're worthy 313 00:19:52,440 --> 00:19:55,600 Speaker 1: of support. You should check them out when you think 314 00:19:55,600 --> 00:19:57,879 Speaker 1: of it that way. I can groove on that, but 315 00:19:58,000 --> 00:20:00,280 Speaker 1: I find the whole n f T approach to be 316 00:20:01,760 --> 00:20:05,480 Speaker 1: questionable at best. I have proven myself to be completely 317 00:20:05,520 --> 00:20:08,480 Speaker 1: out of touch on these sorts of things. So I'm 318 00:20:08,520 --> 00:20:12,520 Speaker 1: just gonna stop talking now and I'll wait to fade 319 00:20:12,600 --> 00:20:15,720 Speaker 1: into oblivion while I do that. If you would like 320 00:20:15,760 --> 00:20:18,119 Speaker 1: to get in touch with me and let me know 321 00:20:18,160 --> 00:20:20,639 Speaker 1: about things I should talk about in future episodes, you 322 00:20:20,640 --> 00:20:23,080 Speaker 1: can do so by downloading the I Heart radio app, 323 00:20:23,320 --> 00:20:26,000 Speaker 1: navigate over to the tech stuff page, and you can 324 00:20:26,080 --> 00:20:28,439 Speaker 1: use the little microphone icon to record a message up 325 00:20:28,480 --> 00:20:30,520 Speaker 1: to thirty seconds in length. Let me know what you 326 00:20:30,520 --> 00:20:32,840 Speaker 1: would like to hear. I look forward to hearing from you. 327 00:20:33,320 --> 00:20:35,760 Speaker 1: Or you can pop on over to Twitter while it's 328 00:20:35,800 --> 00:20:38,639 Speaker 1: still a thing and send me a message there. The 329 00:20:38,680 --> 00:20:41,919 Speaker 1: handle for the show is tech Stuff hs W and 330 00:20:41,960 --> 00:20:51,240 Speaker 1: I'll talk to you again, really SI. Tech Stuff is 331 00:20:51,280 --> 00:20:54,399 Speaker 1: an I Heart Radio production. For more podcasts from my 332 00:20:54,520 --> 00:20:58,160 Speaker 1: Heart Radio, visit the i Heart Radio app, Apple Podcasts, 333 00:20:58,240 --> 00:21:01,919 Speaker 1: or wherever you listen to your favorite. It's only