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Q2 Marked Two Consecutive Quarters Of GDP Decline; Now Is No Time To Stifle The Engine of Our Economy With Shortsighted Anti-Tech Legislation

August 8, 2022


The U.S. GDP fell 0.9% in Q2, marking the second consecutive quarterly decline, meeting the standard definition of a recession. Meanwhile, the digital sector continues to serve as a rare bright spot for the economy—over $450 billion has been spent online YTD, increasing 7.5% YoY. Digital inflation continued to slow to 0.3% in June, according […]

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Advancing ideas to keep tech empowering people.

NEW From Springboard: U.S. GDP fell 0.9% in Q2, marking the second consecutive quarterly decline, meeting the standard definition of a recession. Meanwhile, the digital sector continues to serve as a rare bright spot for the economy. Check it out: https://t.co/4K0Q3O7JUx

August 9, 2022 at 11:29 am

🚨 “Legislators on the hill are pushing this package of bills which would prevent major tech platforms from offering popular services almost everyone can currently use for free,” writes Maria S. Salinas, President & CEO of the LA Area Chamber of Commerce. https://t.co/NkhvIgvvyy

August 9, 2022 at 10:37 am

From @maxg_econ: “The realities of internet platforms and associated technology have radically altered the competitive landscape and point toward an even stronger rejection of New Brandeisian thinking.” Full piece: https://t.co/sSaHnKGPTf

August 9, 2022 at 9:26 am

Competition in the travel sector continues to heat up, as Tripadvisor’s Q2 revenue increased by 77% to $417 million. https://t.co/bigsryGE9r

August 9, 2022 at 8:41 am

🚨 Reminder: The amended American Innovation and Choice Online Act (AICOA) explicitly carves out big telecommunications, banks, and credit card companies at the expense of small businesses and consumers. Read more from Springboard here: https://t.co/v2kqAKyja0

August 8, 2022 at 3:25 pm

Several polls affirm what small business owners have been saying all along: technology tools, like online ads and marketplaces, benefit small businesses—and AICOA could have harmful unintended consequences for these small companies. Learn more here: https://t.co/qh9YzMxsAk

August 8, 2022 at 2:10 pm

“By passing the AICOA, we’d be increasing bureaucratic red tape and preventing certain future startup acquisitions by technology companies,” says Roz Peterson, a former MN legislator and small business owner. https://t.co/lENAnMe1pa

August 8, 2022 at 1:05 pm

The @USChamber released a poll by AXIS Research which found that, when told what the legislation could do, 70% of voters oppose Congressional anti-tech bills. https://t.co/khOdM5fcfE

August 8, 2022 at 11:35 am

Q2 Marked Two Consecutive Quarters Of GDP Decline; Now Is No Time To Stifle The Engine of Our Economy With Shortsighted Anti-Tech Legislation

The U.S. GDP fell 0.9% in Q2, marking the second consecutive quarterly decline, meeting the standard definition of a recession. Meanwhile, the digital sector continues to serve as a rare bright spot for the economy—over $450 billion has been spent online YTD, increasing 7.5% YoY. Digital inflation continued to slow to 0.3% in June, according […]

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Economic ImpactInflation

“Proposed antitrust bills aimed at Big Tech will inadvertently put individual users and national security at risk,” writes @melugin_p of @ceidotorg. https://t.co/jLr42fA3q9

August 8, 2022 at 9:55 am
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Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.

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