As noted by the Wall Street Journal’s Alexandra Bruell in “AT&T’s Ambitious Plan To Take On Facebook And Google For Ad Dollars,” AT&T will become a major force in the advertising sector, having the ability to sell more targeted advertisements alongside video content. Bruell explains that AT&T could show “a young family in New Jersey […]
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, Kleiner Perkins’ Mary Meeker released her annual Internet Trends presentation, which stands in stark contrast to much of the tech discussion in Washington and among self-interested VCs. The 295-slide deck delves into a number of topics, but can best be summarized by slide 43: Robust R&D and industry investment, lower consumer prices, dynamic […]
Last week, tech analyst and author of the Stratechery newsletter Ben Thompson responded to 60 Minutes’ report on Google and competition policy. Thompson’s piece pointed out not only the various biases of the segment, but the incoherence of Yelp’s chief argument against Google as well. Some key takeaways are below. As Thompson notes, 60 Minutes’ […]
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 […]
As Mark Jamison noted recently for AEI, “China is seeking to create national champions in tech. Europe is hoping that its regulations will ensure that the next generation of tech leaders is European.” Ahead of the White House AI meeting, below is recent commentary on the U.S. tech strategy in the context of Europe and […]
In its latest forecast, research company eMarketer has predicted that leading tech services’ shares of the digital advertising space will decline this year for the first time, while overall digital ad spending in the country will grow. Leading tech services have an even smaller share of the global advertising market (of which digital isn’t even […]
Economist and managing editor of the Journal of Economic Perspectives Timothy Taylor argued, “It’s not enough to rave against the size of Big Tech” and, in the context of calls for antitrust action, pointed out that “while it’s easy to sketch in the air an argument about network effects, the question of how network effects […]
In the latest issue of Esquire, NYU marketing professor Scott Galloway offers his latest salvo on leading tech services. But in the Harvard Business Review, Georgetown’s renowned Internet industry analyst Larry Downes’ writes “How More Regulation for U.S. Tech Could Backfire.” Downes highlights how the best regulator of technology is “simply more technology.” Taken together, […]
Speaking at a Heritage Foundation conference in DC yesterday, Bruce Hoffman, Acting Director of the Bureau of Competition at the Federal Trade Commission, defended the government’s stance on antitrust enforcement and said no dramatic changes to the agency’s approach were needed. Hoffman’s comments referenced former Obama administration economist Carl Shapiro, and align with the long […]
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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