Posts in Clippings
Yahoo! News: People 'have no clue' how much data Facebook and Google collect, antitrust advocate says

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.

Read More
CNBC: After years of big spending, tech's political machine turns to high gear

NBC News speaks with Open Markets Senior Fellow Matthew Stoller on the reaction of think tanks and advocacy groups backed by big tech to Senator Josh Hawley's proposed legislation aimed at the Silicon Valley giants. Stoller said last time he “saw this kind of collective temper tantrum by all their trade groups was" during the legislative battle over a pair of bills aimed at curtailing sex trafficking online, which altered Section 230.

Read More
Bloomberg: It’s Not Just Warren. The Next Democratic President Is Coming for Your Monopoly

Bloomberg reporter Mike Dorning reports on how leading 2020 Democratic candidates view "antitrust action as long overdue" and that industries in the US could see a tougher stance from an incoming Democratic president. "Democratic presidential hopefuls are coming out in force against the rapid pace of corporate consolidation, a message to 2020 voters that gained volume during their first debates in Miami last week. They’re expanding their pledges to take on big tech, including Facebook Inc. and Alphabet Inc., to other industries."

Read More
NPR: Pelosi's Relationship With Big Tech Shifts As Privacy And Antitrust Questions Mount

NPR's Tim Mak talks to Open Markets Deputy Director Sarah Miller about how lawmakers are changing their perceptions about Silicon Valley's biggest corporations. "They had always been perceived by progressives as doing a social good, as socially progressive, as being from areas represented by progressives. ... So there really wasn't a perception that these companies were dangerous," said Miller.

Read More
The Verge: Libra, Explained

The Verge covers the debate over Facebook's proposed cryptocurrency, Libra, giving readers a summary of what it is and citing a number of criticisms against it, including Open Markets Senior Fellow Matthew Stoller's recent op-ed in the New York Times blasting Facebook's plan as dangerous and noting that it potentially gives those on the cryptocurrency's consortium an unfair advantage that could lead to price discrimination.

Read More
NYT: 2 Big Book and Magazine Printers Face Suit to Block Their Merger

The New York Times' Marc Tracy covers the LSC/Quad merger and the U.S. Department of Justice's move to file suit against it. He cites a letter submitted to the DOJ earlier in the Spring by Open Markets, the Authors Guild and the PEN America against the merger demanding the government act to protect the free press.

Read More
CBC: Bank of Facebook: A financial analyst says the Libra is 'an absurd idea'

CBC News speaks with Open Markets Senior Fellow Matt Stoller about Facebook's new proposal to launch Libra, a new digital currency. He says Facebook's proposed global currency would give it the financial powers of a sovereign state and undermine democratic institutions. "It's an absurd idea to create a global currency system managed by a private group of people. I can't tell you how ridiculous it is," he told CBC.

Read More
NYT: To Take Down Big Tech, They First Need to Reinvent the Law

The New York Times' David Streitfeld writes that big tech’s power has regulators and scholars, such as those of Open Markets, trying to reverse years of established doctrine. He also describes how anti-monopoly reformers are in ascendance and speaks with Open Markets' Executive Director Barry Lynn about anti-monopoly law and its history.

Read More
Business Insider: The coming antitrust fights are an existential battle over how to protect capitalism

Open Markets senior fellow Matt Stoller talks to Business Insider's Linette Lopez about the latest round of hearings by the House Antitrust Subcommittee. Lopez highlights that for the first time in a generation, Washington is questioning what it means to protect American Capitalism. "There's an increasingly powerful bipartisan view of anti-trust," Stoller told her.

Read More
Bloomberg: Tech's Biggest Antitrust Problem May Be a Congressman from Rhode Island

Bloomberg's Joshua Brustein profiles Rep. David Cicilline, Chairman of the House Antitrust Subcommittee, and speaks to Open Markets Deputy Director Sarah Miller about the official congressional antitrust inquiry scrutinizing big tech corporations and how it "provides a channel for uncovering so much material" that makes clear antitrust enforcement is necessary.

Read More