In the wake of Apple’s recent valuation as a $1 trillion company, we continue to see a number of mistakes in competition analysis. Below are three oft-repeated claims that miss the mark with further details below. 1. Yes, economy-wide, wages and business investment have been stagnant, but not in tech where wages are rising and […]
Yesterday, Luigi Zingales defended the EC’s fine of Google’s Android arguing the absence of similar enforcement have raised cell phone costs for consumers. Below are three issues with Zingales’ defense, but more broadly Zingales fails to mention 1) Android is free and operators were always able to pre-install competing apps and 2) the U.S. tech […]
Last week, Martin Giles published a piece in the MIT Technology Review, “It’s Time To Rein In The Data Barons.” In making his case, Giles fails to note that consumers would have be paid $17,500 a year to give up search, $8,400 a year for maps, and more than $3,600 a year for social media. […]
The latest issue of The Economist features an article that blames America’s leading tech services for allegedly quashing tech start-ups. The piece misses the mark in five key ways: 1. Investment in the sector is at a 20-year high, driving 57 startups to unicorn status last year — but only one in Europe. A World […]
This week, tech critics launched a six-figure ad campaign against Facebook’s supposed monopoly. The Open Markets Institute, who has previously called for the break up of various other successful firms, announced their campaign by purchasing ads on competitors to Facebook’s “monopoly,” which Axios has noted are “running on Facebook and Instagram, as well as Twitter […]
“The ’60 Minutes’ report is largely a rehash of familiar complaints against Google from longstanding opponents. As ’60 Minutes’ reminded viewers: ‘Most people love Google.’ In the U.S., successful antitrust action depends on proving harm to consumers — and that’s been challenging with Google.” That’s from Axios’ Scott Rosenberg. Below are a few things 60 […]
This evening, 60 Minutes will air a segment focusing on Google’s critics, who say the company has “stifled competition,” and Europe’s Margrethe Vestager, an “antitrust enforcer who is taking action.” We’ve seen others recycle old arguments pushed by competitors of leading tech services in the past. So before you watch, below are five things you […]
Driving rushed calls for new tech regulations or antitrust action is the misperception that consumers must place faith in individual businesses to make changes on their own. In fact, it is market forces that compel technology services to respond to consumer dissatisfaction. More than any other sector, the risk of losing users to the competition […]
Looking to capitalize on recent news coverage trends, several representatives of large telecommunications companies are dredging up debunked and outdated arguments against leading tech services in an effort to insulate their own industry from competition. It’s clear why big telecoms companies harbor disdain for leading tech services – the over-the-top (OTT) model of content distribution […]
In case you missed it, the Roosevelt Institute released a report examining why some Americans feel “powerless,” which the report ascribes to concentration, particularly within the tech sector. Certainly, economic helplessness and empowerment are issues that deserve urgent solutions; unfortunately, the Roosevelt Institute’s framing – that anti-competitive behavior by leading tech services has led to […]
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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