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.
Bloomberg Law’s Victoria Graham speaks to Open Markets Director of Enforcement Strategy Sally Hubbard about the recent decision by the Supreme Court in the Apple v. Pepper case and how the ruling clarifies another high court decision last year—Ohio v. American Express Co.—that set a difficult standard for bringing antitrust suits. The Apple case “makes it clear that the American Express decision was addressing a very specific type of platform,” Hubbard said. “It was not meant to cover all two sided markets.”
The New York Times speaks with Open Markets Legal Director Sandeep Vaheesan about the Supreme Court’s ruling in Apple v. Pepper and what it means for consumers. “What Apple has done since the launch of the iPhone is tell all iPhone owners and iPhone app developers that if they want to buy and sell apps, they have to go through the App Store,” Vaheesan said. “So Apple has set up this app store as a bottleneck where everyone in the iPhone ecosystem must transact.”
The Hill’s Harper Neidig speaks with Open Markets Deputy Director Sarah Miller about how a groundbreaking op-ed by Facebook co-founder Chris Hughes on The New York Times is making it “harder and harder to defend Facebook maintaining its monopoly power.” In the op-ed, Hughes said that he was worried about the amount of power Facebook had amassed over the world’s communications and how Mark Zuckerberg, his former roommate and co-founder, had complete control over the company.
Facebook has become “one of the world’s most dangerous monopolies” and needs to be dismantled, Open Markets Deputy Director Sarah Miller tells CBC’s The Current podcast. In light of a groundbreaking op-ed by Facebook co-founder Chris Hughes on The New York Times, CBC interviews Miller about Facebook’s monopoly power and why US regulators should move to hold Mark Zuckerberg accountable and break-up the corporation.
Uber hit the stock market May 10. NPR reported its value may reach 90 billion dollars, But its ultimate market value could face headwinds with the populist movement rising in America. NPR speaks to Open Markets fellow Matt Stoller about Uber’s bigness and whether it could be subject to antitrust in the future.
n 2011, the Federal Trade Commission settled charges with Facebook that the social networking giant “deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowing it to be shared and made public”. Today, the company is again in hot water for, among other things, misusing private user data, failing to stop the spread of fake news and enabling the distribution of toxic and violent multimedia.