President and COO of AT&T, a megacorporation, worries about tech companies’ power

Advertising Week New York 2016 - Day 3

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John Stankey, president and COO of AT&T, a mega-corporation forged from multiple big acquisitions, is worried about tech companies’ power. In an interview with Yahoo Finance’s Influencers with Andy Serwer, Stankey said he’s “really concerned about the concentration of economic power” in big tech companies and how they approach their “platforms’ influence on society.”

Stankey’s concern about concentrated economic power is particularly funny given that AT&T now owns Time Warner, which controls HBO, Turner, and Warner Bros. It already operated DirecTV. It, too, has a lot of concentrated economic power.

Stankey also took the interview as an opportunity to jab Facebook. He called on the social networking company to exercise “editorial…

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