The consumer welfare standard, the bedrock of antitrust law, acknowledges the power of competition to drive innovation, superior quality, choice, and price for the benefit of consumers. When consumers are empowered, competition becomes very dynamic, as demonstrated by tech services that are constantly driven to enhance their offerings to attract and retain customers. — Competition […]
Yesterday, the House Committee on Small Business held a hearing examining the impact of leading tech services on America’s small businesses. The hearing featured positive input from technology experts and small business owners, with an unambiguous main point: leading tech services allow small businesses to innovate and compete in ways that they otherwise couldn’t. Highlights […]
Earlier today, the House Judiciary Committee held a hearing regarding data privacy and competition. While some panel participants argued that competition and privacy law should be conflated, it’s important to remember that practitioners and policy experts alike agree there are strong, evidence-based reasons to keep them separate: — Data is not essential for companies to […]
Tomorrow, the House Judiciary Committee will hold another hearing on tech, with an eye towards data, privacy and competition. As rhetoric surrounding leading tech services heats up, and opinions increasingly get in the way of facts, here are three important points to keep in mind: — Privacy is not a competition issue, and antitrust tools […]
Last week, a Wall Street Journal report revealed yet another example of antitrust attacks being levelled by competitors concerned with protecting their own market positions, not competition or the welfare of consumers. This most recent case of “swampetition” (defined as “the strategy of persuading regulators to hamstring competitive rivals, competing not in the market but […]
This week’s hearing on tech mergers and acquisitions (M&A) by the Senate Judiciary Committee featured testimony from public- and private-sector antitrust experts. In a robust discussion, experts made it clear that: — Significant restrictions on acquisitions may lead to unintended consequences for smaller firms by reducing innovation and limiting entrepreneurial opportunities. — For many mergers […]
With the heightened rhetoric surrounding America’s leading tech services, it’s important to remember that structural antitrust actions against the tech industry are not a priority for the American people. Take a look at the polling below: Americans don’t believe action against the tech industry should be a priority. Morning Consult/Advertising Week Poll (August 2019): Tech […]
Recent commentary on the digital ad space ignores the robust competition between advertising platforms, online and offline. The facts are clear: The competition for ad spend is heating up, driving down costs and benefiting consumers. —Ad tech is a burgeoning sector—so much so that publishers are getting in on the action. —Digital advertising and ad […]
At home or away, as you soak up the summer sun, Springboard has you covered with a little beach reading on the debate over competition in the tech sector. Check out the articles below. Northwestern University’s Mark McCareins in an interview with Kellogg Insight’s Glenn Jeffers: “Simply because a firm becomes large and has innovated […]
As the debate over tech competition continues, here are three expert perspectives to keep in mind. For more information, visit SpringboardCCIA.com. University of Pennsylvania Professor Herbert Hovenkamp: Antitrust law’s focus “should be on maximizing output, which benefits both consumers and workers.” “Any time a merger or other practice reduces a firm’s costs or improves its […]
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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