Posts in Clippings
NYT: Fighting Big Tech Makes for Some Uncomfortable Bedfellows

NYT's reporter Nellie Bowles looks into how the right and left have come together to break up big tech writing that "Conservatives are showing up at largely liberal conferences to call for breaking up Facebook and Google. Liberals are going on conservative TV shows to do the same." She talks to Open Markets Senior Fellow Matt Stoller about the shift. “I always knew we were aiming at different things,” Stoller said. “Now, we have some of the same goals.”

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HuffPost: Critics Say Facebook Penalty Is A Slap On The Wrist As Stock Prices Surge

HuffPost's Carla Herreria reports on how "Democrats in Congress are threatening to take action after the FTC reportedly voted on a $5 billion penalty for Facebook’s privacy violations." She reports on the critics of the fine, including citing Open Markets Director of Enforcement Strategy Sally Hubbard blasting the fine as "woefully insufficient," and how Facebook's stock valuation only rose with the news of the FTC settlement.

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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.

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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.

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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."

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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.

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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.

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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.

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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.

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