A flurry of recent activity at the Federal Trade Commision (FTC) makes clear that the Commission wants to become its own rulemaker and take over Congress’s role in regulating the economy. As all five FTC commissioners testify before Congress, keep in mind that the agency’s radical new agenda would: – Enhance the FTC’s own rulemaking […]
According to new Crunchbase data, venture-backed startups are buying other startups at the highest pace in at least a decade. Private companies have bought at least 530 venture-backed U.S. startups this year, becoming “more active as buyers” in the M&A world than public companies. Of these acquisitions, more than half (268) were purchased by other […]
Last month, the House Judiciary Committee passed six bills that would radically undermine America’s ability to compete on the global stage, particularly with China. Here’s what you should keep in mind: — These bills advantage large Chinese platforms that are competing directly with U.S. companies but aren’t subject to any of the bills’ rules — […]
In recent months, the Federal Trade Commission (FTC) has entered a new era of politicization. Once lauded for its nonpartisan efforts to protect consumers, the new FTC is taking radical steps to empower itself and push forward a political antitrust agenda. Here’s what’s happening: — The new FTC has discarded the objective economics-based consumer welfare […]
Last week’s lawsuit by a group of US states ignores the openness of Android and Google Play. In particular: — The free and open-source Android ecosystem promotes wide choice and flexibility. — The Google Play ecosystem benefits developers – especially small developers. — Android users can access apps without app stores. The free and open-source […]
President Biden’s new Executive Order fails to acknowledge the value that tech brings to the US economy. The free and low-cost products and services offered by tech companies facilitate economic growth in the form of new businesses and lower costs, and this order would make it harder for consumers and small businesses to benefit from […]
Last week’s marathon House Judiciary markup made one thing clear: the six anti-tech bills that squeaked through committee aren’t anywhere close to ready. The warnings about the rushed process and need for legislative hearings on bills that could have far-reaching consequences on American interests and innovation are bipartisan: Majority Leader Steve Hoyer (D-MD) agreed antitrust […]
Antitrust law is supposed to protect competition, not competitors. Which is why earlier this week, members of Congress – both Republican and Democrat – noted that the radical Cicilline bill package targeting four companies was apparently altered to exclude their rival Microsoft, the world’s second-largest company. Here’s a recap on what lawmakers on both sides […]
As the House Judiciary Committee markup continues, the criticism has continued to roll in from thought leaders across both sides of the political spectrum, consumer and small business advocates, antitrust scholars, and tech policy experts. Here’s what they’re saying: NEW: Consumer, entrepreneur, and small business advocates criticized the bills, noting… … They would threaten the […]
Today, the House Judiciary Committee will mark up a series of bills representing a radical overhaul of US antitrust laws. Here is what you need to read to get up to speed: 1. “The Criticism Keeps Coming In” — Thought leaders across the political spectrum have come out hard against the bills: Read what scholars, […]
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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