Earlier this month, Walmart achieved $1 trillion in market cap, a major milestone for the retail giant that underscores the dynamism in the retail market. This development further undercuts the Federal Trade Commission’s (FTC) case against Amazon, which relies on narrow market definitions that ignore the rapid evolution of omnichannel commerce and the fierce competition […]
Former FTC General Counsel Alden Abbott recently warned in Forbes that excessive antitrust intervention could derail America’s AI leadership. Although U.S. companies are investing at record levels of investment and competing vigorously across the AI value chain, regulators are signaling a more interventionist approach that could inadvertently chill private investment, deter responsible partnerships and slow the […]
Recently, Judge Mehta issued his ruling on the Google Search remedies. Experts echo that this ruling reflects the impact that AI has had on competition and avoids extreme remedies that would harm consumers and innovation, but raises concerns about consumers’ data privacy. AI has created robust competition The rapid growth of generative AI (GenAI) has […]
A recent piece from the Brookings Institution detailed the competitive risks of forced data disclosure in the Google Search case. The DOJ continually pushed remedies that would compel Google to hand over users’ search data to its rivals, and Brookings warned this could reduce innovation by devaluing Google’s investments in their products and lower incentives […]
CNBC recently highlighted how America’s tech startups are increasingly finding support with industry leaders – from investments to help securing chips. This backing from leading tech companies has fueled the growth of AI startups, driving product innovation and underscoring the dynamic nature of the American startup ecosystem. Leading Technology Companies are Increasingly Supporting a Resilient […]
Last week, Project DisCo covered the recent “Economics Day” hearing in the FTC’s case against Amazon. The agency, once again, struggled to define what market Amazon has monopolized, a basic requirement to prove Amazon has engaged in anticompetitive behavior. The FTC is Still Unsure About How it Defines Amazon’s Market Despite nearly six years of […]
Jay Ezrielev, a former economic advisor to the FTC chairman, warned in Barron’s that the Biden Administration DOJ’s proposed remedies in the Google antitrust case would hurt consumers, increase costs, and stifle innovation. The Biden Administration DOJ’s Remedies Would Discourage Investment in Innovation. Ezrielev made the case that the agency’s policies are attempting to “undermine […]
In a compelling op-ed, University of Pennsylvania law professor Herbert Hovenkamp argues that the Justice Department’s efforts to break up Google in the name of antitrust would ultimately harm consumers and stifle innovation, making a strong case for why the DOJ’s remedies are misguided and unlikely to achieve their intended goals. Breaking up Google would […]
Last week, Jim Cramer tackled the recent decision in the DOJ’s Google Search antitrust case on CNBC’s Squawk on the Street. Cramer brought up some important questions. Question 1: Why can’t a company “with a superior product” promote its product to make it easy for consumers to reach? Question 2: Why can’t a company charge […]
Google Search succeeds because of competition, not in spite of it. — As we’ve previously shown, Google Search is the leading search engine because the market thinks it’s the best option available. Last fall, then-Mozilla CEO Mitchell Baker testified that Mozilla chose Google as the default search engine because of its “miraculous” quality. She noted […]
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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