Thread by @TheTranscript_

Some key quotes from #CodeCon this week [@Recode]:

1. On Tiktok:

$SNAP CEO: "The reason why this has been so challenging for companies to respond to in the United States but also around the world is the scale of TikTok's investment"

$GOOG $GOOGL $AAPL

2. On privacy:

$AAPL CEO: "Steve really ingrained in the company in the early days the importance of privacy...We've never said digital advertising is a bad thing. What is not good is vacuuming up people's data when they're not doing so on an informed basis."

3. On macro:

$GOOG CEO: "The more we try to understand the macroeconomics, we feel very uncertain about it. The macroeconomic performance is correlated to ad spend, consumer spend and so on"

4. On competition:

$GOOG CEO: "You tend to go wrong by focusing too much on competition. Big companies particularly fail because they stumble internally...You want to be aware of everything that is going outside. At the end of the day, your success depends on your execution."

5. On working from home:

$AMZN CEO: "We don’t have a plan to require people to come back. We don’t right now. But we’re going to proceed adaptively as we learn..I do think there’s some things that are harder to do remotely"

6. On hiring:

$AMZN CEO: "I don’t think that you’ll see us hiring at the same rates that we did"

$GOOG CEO: "Sometimes there are areas to make progress [where] you have 3 people making decisions, understanding that & bringing it down to two or one improves efficiency by 20%"

7. On Amazon's streaming ambitions:

$AMZN CEO: "Serious. We’re in it for the long haul. We’re really excited about it, we’re really committed to it.. It makes our Prime subscription even more compelling…and a very significant value proposition for customers."

8. On the future of streaming:

$AMZN CEO: "I think most media is going to be streaming. TV, film, audio, music, even I think over time gaming. Most entertainment is going to be streaming, and we’ve invested a lot of resources and time in streaming.”

9. Why Google pays billions of dollars to be the default search on iPhones?

$GOOG CEO: "There are platforms on which we are not the default, too. There are cases in which we walk away from deals if we feel the value isn't there"

10/10. On advertising & streaming:

Ex- $DIS CEO Bob Iger "Advertising will thrive in the streaming world. “I think what Netflix is going to do in advertising, what Disney announced, those are smart moves because it’s going to give consumers choice.” $NFLX