Last week, Sen. Warren unveiled a proposal to “break up Big Tech,” arguing businesses that didn’t exist 25 years ago “are among the most valuable and well-known companies in the world.” Experts from across the political spectrum, academia, and the tech industry weighed in on the damage the plan would cause to American consumers and […]
Earlier today, Sen. Elizabeth Warren published a Medium post outlining a plan to “break up” the country’s most successful technology companies. A statement from CCIA president Ed Black is available here. When reading, it’s important to remember a few key facts: —Competition in the tech sector is thriving. —Venture capital deals for start-ups are at […]
This morning, Morning Consult released a new poll finding 41 percent of respondents support a newly announced Federal Trade Commission Tech Task Force. The poll also found that respondents believe the tech industry holds less influence than Hollywood and Wall Street, offering the latest data point that illustrates public opinion of the tech sector. This […]
At the Senate Judiciary’s Subcommittee on Antitrust, Competition Policy, and Consumer Rights hearing on concentration and competition in the U.S. economy yesterday, one thing was clear: Antitrust law is perfectly capable at completing the job it’s meant to do. Highlights from the subcommittee hearing below. Senator Mike Lee (R-Utah), Chairman of the Subcommittee on Antitrust, […]
This morning, ideas contributor for WIRED and author Antonio Garcia Martinez argued that the mantra “data is the new oil” is deceptively simple and does not accurately describe data’s worth to technology companies. More from Martinez and other leaders below: While data may be internally valuable, it isn’t a fungible commodity. “Sure, you could maybe […]
Assistant Attorney General for Antitrust Makan Delrahim’s latest speech answers questions raised by House Antitrust Chair Rep. David Cicilline (D-RI) on whether or not antitrust law should be changed to cover the zero-cost services of tech platforms. Delrahim characterized critics’ proposals of “throwing out the long-standing consumer welfare standard and crafting new rules ” to […]
In her latest for the Financial Times, Rana Foroohar argues that antitrust policy should move away from the consumer welfare standard toward a far broader definition. But as Assistant Attorney General for Antitrust Makan Delrahim has pointed out, the consumer welfare standard is adaptable and flexible, and arguments around data ownership are not actually evidence […]
A new op-ed from trade association News Media Alliance’s president and CEO David Chavern dismisses the contributions of leading tech services and argues publishers should form a cartel and extract rents by implementing controversial new regulations. In reality, though, leading tech services have taken great steps to empower publishers in the Internet Age, while the […]
At State of the Net 2019 in Washington, D.C. yesterday, Assistant Attorney General for Antitrust Makan Delrahim expressed a different view to Rep. David Cicilline (D-RI) and reminded critics of the strength of the consumer welfare standard and the need for caution in enforcement. Highlights from his fireside chat with Variety’s Ted Johnson, as well […]
Earlier today, Richard Epstein published an extensive review of Tim Wu’s new book and overall antitrust framework, arguing Wu’s criticism of leading tech services “overstates the benefits and ignores the high costs of an aggressive application of the antitrust laws.” Epstein is the just the latest to rebut Wu’s arguments—Alec Stapp of the Niskanen Center […]
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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