Last week, Senator Elizabeth Warren (D-MA) unveiled a proposal to “break up Big Tech.” Her proposal has been met with swift criticism from startup investors, experts, academics, and tech industry influencers saying that the proposal would: —Do more harm than good; —Stifle competition and set arbitrary thresholds; —Lead to increased prices; —And not solve the issues […]
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 […]
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, […]
This afternoon, the Senate Committee on the Judiciary will hold a hearing on the differences in antitrust enforcement between Europe and the United States. The American approach to antitrust has provided enormous benefits to consumers, small businesses, and large corporations alike. Regulators must not overlook the importance of the consumer welfare standard, protecting competition rather […]
On October 3, the Senate Judiciary Committee’s Subcommittee on Antitrust, Competition Policy and Consumer Rights will hold its hearing on “Oversight of the Enforcement of the Antitrust Laws” with DOJ Antitrust Division Assistant Attorney General Makan Delrahim and FTC Chairman Joseph Simons. This hearing comes on the heels of new polling that indicates Republicans overwhelmingly […]
Earlier today, the FTC held its first in a series of Hearings on Competition and Consumer Protection in the 21st Century at the Georgetown University Law Center. Leaders in competition policy from across the political spectrum convened to discuss how the FTC can continue to best protect consumers. Highlights below. Don’t punish a firm just […]
With a few voices inside the beltway talking about “bias” and technology platforms, it’s important to note that not only do the vast majority of Americans not believe it’s an issue, but a growing chorus of conservative voices have pointed out that any government regulation based on political persuasion would be a clear violation of […]
Now a few weeks removed from the European Commission’s (EC) “bizarre” Android decision, experts have continued to weigh in. As James Stewart wrote in the New York Times, “It’s hard to find any antitrust expert, European or American, who has endorsed the logic or outcome of the ruling by the European Commission.” The EC’s conclusion […]
In reaction to the European Commission’s Android decision, a chorus of people sounded the alarm, highlighting the choice, competition, and innovation Android has brought to the market and the negative impacts this decision will have on phone makers, developers, and consumers. It’s also important to remember the FTC conducted a multi-year investigation into these allegations, […]
This week, National Review published an opinion piece that attempted to make a “conservative case” for government breaking up leading tech services. It’s important to note, however, that asking for heavy-handed government intervention is far from the conservative mainstream. There are an abundance of thinkers and experts on the right and also the left, who […]
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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