Free Press & Platform Monopolies

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.

The Corner Newsletter, July 26, 2019: The Corner Newsletter: Commissioner Chopra’s Powerful Dissent – How Trump’s New Executive Order on Hospital Pricing Could Change Health Care – Three Takeaways from the House Antitrust Subcommittee’s Latest Hearing

Date Published: July 26, 2019

Welcome to The Corner. In this issue, we highlight a powerful dissent in the Federal Trade Commission’s settlement with Facebook, discuss why the Trump Administration’s new hospital pricing rule won’t fix American healthcare, and identify three key takeaways from last week’s House subcommittee hearing on Amazon, Apple, Facebook, and Google.

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Facebook needs more than a $5 billion fine. It needs a new business model

Date Published: July 25, 2019

Open Markets Director of Enforcement Strategy Sally Hubbard published an op-ed on CNN Business on the Federal Trade Commission’s $5 billion settlement with Facebook and asserts that the company needs a new business model. “Instead of fines, changing destructive business models and anticompetitive practices is the only way to lessen the platforms’ harms,” Hubbard writes. “These fixes fall into four main buckets, spelling out the acronym PAIN: privacy, antitrust, interoperability and non-discrimination.”

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Yahoo! News: People ‘have no clue’ how much data Facebook and Google collect, antitrust advocate says

Date Published: July 10, 2019

Open Markets Director of Enforcement Strategy talks to Jon Ward, host of Yahoo’s Long Game Podcast on the case for regulating Facebook and Google. “The amount of data that Facebook and Google are collecting about the average person is absolutely insane, massive, widespread, ubiquitous, and I think honestly, a fraud on the American people that the people don’t understand that this is happening,” said Hubbard.

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In America today, wealth and political power are more concentrated than at any point in our country’s history.

The Open Markets Institute, formerly the Open Markets program at New America, was founded to protect liberty and democracy from these extreme -- and growing -- concentrations of private power.

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