Today, leading tech services will appear before the House Judiciary Subcommittee on Antitrust to discuss competition and innovation in the tech sector. Ahead of the hearing it’s important to remember four key things: Small businesses across the country leverage the tools developed by leading tech services Jake Ward, President of the Connected Commerce Council, notes […]
Earlier this week, Michael Mandel of the Progressive Policy Institute released a report on the economics of advertising. As Mandel points out, the ongoing transformation of the advertising industry is just the free market at work. Any artificial “protection” publishers receive, the report argues, would freeze the news industry in the past, harming consumers and […]
Late last month, FTC Commissioner Christine Wilson gave a speech at the British Institute of International and Comparative Law entitled, “Remembering Regulatory Misadventures: Taking a Page from Edmund Burke to Inform Our Approach to Big Tech.” Wilson’s speech itself—which draws on lessons learned from failed, heavy-handed regulations on the train and airline industries—is available here, […]
Computer & Communications Industry Association President Ed Black noted in an op-ed this morning that calls from politicians and talking heads for breaking up leading tech services are misguided and risk jeopardizing a rare bright spot in the U.S. economy. Highlights from Ed’s op-ed are below, and you can read the piece in full on […]
The House Judiciary’s Subcommittee on Antitrust hearing Tuesday examined the relationship between leading tech services and news publishers, with testimony from industry and media representatives. Despite the rhetoric, there is no denying that leading tech services provide benefits to users, publishers, and consumers. Highlights from the subcommittee hearing and experts below: Matt Schruers, Vice President […]
Ahead of the House Judiciary hearing today, “Online Platforms and Market Power, Part 1: The Free and Diverse Press,” competition expert Matthew Lane wrote for the Disruptive Competition Project on experts’ criticism of antitrust immunities for the news industry. His takeaways: 1. Antitrust exemptions don’t benefit consumers or the small businesses they’re intended to save, […]
As Congress and the administration consider new antitrust investigations into America’s leading technology companies, it is essential that rhetoric doesn’t get in the way of the facts. Here are three things to keep in mind: —The consumer welfare standard is the ruler to measure antitrust. —Consumers recognize the value leading tech services provide them and […]
Martin Casado and Peter Lauten of the well-respected venture capital firm Andreessen Horowitz recently made the case that simply collecting data is not a sustainable approach to staying ahead in the tech sector, an analysis echoed by other experts who highlight that data does not have inherent value. Rather, experts argue, it’s the effective utilization […]
This week, the University of Chicago’s Stigler Center hosted its annual Antitrust and Competition Conference featuring top economists, lawyers, and thinkers focusing on competition and public policy. Over the course of two days, a few key themes emerged: —Current antitrust laws are equipped to deal with a changing economy and protect against politically driven excesses; […]
Since Facebook co-founder Chris Hughes’ op-ed in the New York Times, a chorus of experts have made it clear that breaking up tech companies is an extreme response that is bad for consumers and businesses alike. These experts counter Hughes with three key points: —Tech companies face a highly competitive marketplace that is changing rapidly; […]
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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