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; […]
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 […]
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 […]
After the whirlwind of a festive December and the start of a new year, here are a few good reads on leading tech services, competition, and the economics behind firm concentration. More below. “How Much Is Social Media Worth? Estimating The Value Of Facebook By Paying Users To Stop Using It,” from economists Jay Corrigan, […]
New polling released today by CCIA’s Springboard Initiative shows that confidence in leading tech services remains high since the last poll in May 2018. These surveys contextualized consumers’ views on the tech sector, measuring consumer perceptions of seven industries (including media, hospitals, airlines, utilities, and pharmaceuticals) and the government. According to respondents, concern about over-regulation […]
Earlier today at the Constitution Center, the Federal Trade Commission held the second hearing in its Competition and Consumer Protection in the 21st Century series. Competition policy experts from across both the country and the political spectrum convened in Washington, D.C. to discuss the current state of antitrust law. Highlights below. It’s important to remember […]
Tim Wu wants to break up Facebook and other leading tech services, because “we’re in a time where we need to bring back the controls on bigness,” according to a recent Vergecast, summarized here. Wu’s case overlooks several critical issues. 1. Wu downplays existing competition among tech players (despite having hailed it as a solution […]
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 […]
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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