Online intermediaries have emerged as the railroad monopolies of the 21st century, controlling access to market and increasingly determining who wins and who loses in today’s economy. Their dominance drives inequality and afflicts citizens and business-owners in all corners of American society.
Open Markets Institute strongly welcomes the decision by the Antitrust Division of the U.S. Department of Justice to file suit to block Quad/Graphics Inc.’s proposed acquisition of LSC Communications Inc. as Open Markets and others demanded in a March letter.
The Houston Chronicle Editorial Board published a piece on Facebook’s plans to act like a bank demanding regulation. They cite Open Markets Senior Fellow Matt Stoller’s piece on The New York Times warning of the dangers of Facebook’s proposed Libra coin.
POLITICO’s Nancy Scola profiles Open Markets Institute in an exclusive feature. She tells the story of how Open Markets has “has spent years urging Washington to crack down on the United States’ biggest tech companies — a lonely crusade that barely registered with the political establishment. Now the Open Markets Institute has become one of the most influential drivers of Democratic politics in the fight to rein in Facebook, Amazon and Google.”
CBS News covers the House Judiciary Committee antitrust investigation scrutinizing Big Tech’s impact on the free press. They quote testimony by Open Markets Director of Enforcement Strategy Sally Hubbard who stated: “If we don’t act now to change the structure of our markets, titans will continue to control speech, journalism will continue to suffer, and so will our democracy.”
The Verge’s Adi Robertson interviews Open Markets senior fellow Matt Stoller about how Google could be vulnerable to a U.S. Department of Justice probe. “The fact that Google is able to dominate the advertising market is quite dangerous,” says Matt Stoller.
TIME reporter Alana Abramson reports that House lawmakers are kicking off their antitrust investigations of technology companies by focusing on an industry crippled by the rise of big tech: local journalism. She reports that Open Markets Institute Director of Enforcement Strategy Sally Hubbard will testify at the first hearing along with Gene Kimmelman, the president of Public Knowledge, and David Chavern, the president of News Media Alliance, which represents 2,000 newspapers across the U.S. and Canada.