Drawing on the words of experienced Federal Trade Commission staff, the House Judiciary Committee’s (HJC) interim staff report, “Abuse of Power, Waste of Resources, and Fear,” details multiple hurdles to the agency’s success in recent years: Political priorities are distracting from the FTC’s historical focus on consumers. 1. Staff worry that legally dubious cases take […]
As Europe adopts and implements radical new competition frameworks, it’s crucial that American policymakers understand the harms of such drastic proposals, and what they might mean for consumers and small businesses alike. 1. An objective, economics-based standard has served America well 2. Untested competition theories pose risks for innovation, the startup ecosystem, small businesses, and […]
On January 29, Amazon and iRobot announced an agreement to terminate Amazon’s acquisition following a report by the Wall Street Journal that the EU Commission (EC) intended to block the deal. As a result, Massachusetts-based iRobot announced it planned to fire 31% of its employees, reduce its investment in R&D, and cancel innovation in new […]
Last Friday, Amazon requested that the court dismiss the FTC’s lawsuit, reiterating what others have been saying for months: the FTC’s case is incompatible with antitrust law and pays no attention to consumers’ best interests. It fails to provide a coherent theory of harm, any evidence of anticompetitive conducts, or a proposal for a better […]
At the start of November, the FTC filed a substantially unredacted version of its antitrust complaint against Amazon. Since then, experts have pored over the new material. Their verdict? The unredacted material far from proves the FTC’s case and, in fact, divulges the case’s weak and misleading nature. Here’s what you need to know: The […]
Tomorrow at 10am the House Judiciary Committee’s Subcommittee on Antitrust will hold an oversight hearing where Assistant Attorney General Jonathan Kanter is set to testify. Here are some questions we’d encourage members to ask: Why is the US moving to a European approach to antitrust, when the EU economy has underperformed and there are no great […]
As the FTC’s antitrust trial against Amazon gets underway, six influential industry groups have filed detailed amicus briefs advocating the dismissal of the lawsuit. Filing such detailed briefs so early in a trial is highly unusual and underscores the lawsuit’s flawed nature. The briefs emphasize the FTC’s lack of a legitimate legal case and caution […]
The following groups have filed amicus briefs supporting Amazon’s motion to dismiss the FTC’s lawsuit: — Computer & Communications Industry Association, NetChoice, and Chamber of Progress — Chamber of Commerce — Interactive Advertising Bureau — Association of Corporate Counsel
The DOJ’s case against Google is flawed. Recent testimony emphasized how competition across digital advertising continues to grow– revealing yet another thorn in the side of the DOJ’s erroneous antitrust probe against Google. 1. Google Search ads face competition from Microsoft Bing ads – The Home Depot’s Senior Manager of Paid Media, Ryan Booth testified […]
Since the FTC announced its antitrust lawsuit against Amazon, experts have criticized the validity of the case. Here’s what you need to know: — Chair Khan and her FTC colleagues are abandoning the long-established Consumer Welfare Standard to mount a political campaign against one of the most trusted brands in America. — Competition in retail […]
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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