After years of calling out Amazon, Google, Facebook, and Apple for abusing their monopoly power, Open Markets is cautiously optimistic that law enforcers finally intend to protect American democracy and American capitalism from these behemoths.
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In a recent interview, Facebook COO Sheryl Sandberg deployed a talking point that other platform monopolists are increasingly using. Don’t break up Facebook, she said, because that will just allow Chinese companies to come in and fill the void. What’s wrong with this argument? It presents a false choice.
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In a 5-4 decision Monday, the Supreme Court ruled that iPhone users could bring a class action lawsuit against Apple alleging that it monopolized the sale of apps. In his surprising majority opinion for the Court, Justice Brett Kavanaugh, joined by the four more liberal Justices, reaffirmed antitrust law’s longstanding purpose of protecting the producer of a good or service from the power of monopolies. This was in sharp contrast to most recent practice, in which enforcers and the judiciary have focused largely on harms to consumers.
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David Dayen reports the story of Shaoul Sussman, a law student at Fordham University, who may be able to prove Amazon profitably engages in predatory pricing. “It’s long overdue for a rethinking of predatory pricing,” says Open Markets Institute fellow Matt Stoller.
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Open Markets Institute applauds Senator Cory Booker (D-NJ) for calling for the break-up of the big tech platforms, and for accurately characterizing them as “engines for discrimination, harassment, misinformation and extremism.”
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Motherboard reporter Rob Dozier reports on how industry association lobbying defanged the Illinois Keep Internet Devices Safe Act, which would have empowered average people to sue big companies for recording them without consent. He cites Open Markets fellow Matt Stoller for sharing the lobbying groups' statements on Twitter.
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Rolling Stone's Andy Kroll interviews Open Markets Institute Executive Director Barry Lynn and the team about the Open Markets story, breaks the news on Open Markets Institute Action hosting an anti-trust forum in Iowa with 2020 Presidential Candidates, and reports on how Open Markets has put anti-monopoly at the center of the national conversation.
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The Open Markets Institute writes to Chair Schakowksy and ranking member McMorris Rodgers of the House Energy and Commerce committee in order to offer its thoughts on the discussion that has begun on new comprehensive privacy legislation.
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In Part 3 of NPR Planet Money's antitrust series, Open Markets senior fellow Lina Khan discusses the "Amazon Antitrust Paradox." This podcast episode looks at the present, and toward a future where markets may be dominated by tech giants like Facebook, Amazon, and Google.
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Amazon pulled out of its deal to build a corporate campus in New York City amid bad press, grassroots activists and local opposition lawmakers calling out the bad deal. Matt Stoller writes on The Guardian that Simply saying ‘no’ to its headquarters isn’t enough – Amazon should be investigated for abusing monopoly power.
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Amid news that Amazon pulled out of building its corporate campus in New York City thanks to bad press and the work of grassroots activists and local opposition lawmakers calling out the bad deal, Open Markets board member Zephyr Teachout writes on NBC News that people are fed up with big corporations bullying their employees and our elected officials. They're going to keep fighting back.
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Open Markets Institute applauds the citizens, grass roots organizers, and local lawmakers who rejected the bad deal struck with Amazon last November by New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio.
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Open Markets Institute board member Zephyr Teachout published an op-ed on NBC News saying that people are fed up with big corporations bullying their employees and our elected officials. They're going to keep fighting back. She calls on Congress to examine Amazon's monopolistic actions.
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Should we break up Amazon and Facebook? Columbia Law School academic and Open Markets senior fellow Lina Khan, who wrote the impactful “Amazon’s Antitrust Paradox” for The Yale Law Journal, joins Verge editor-in-chief Nilay Patel to discuss whether Amazon and Facebook should be broken up and what it might look like if that were to happen.
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The Guardian's David Smith reports on how the left and the right are united in the pursuit of greater accountability and transparency from Silicon Valley’s power players. He talks to Open Markets fellow Matt Stoller about how big tech is bringing together conservatives’ anti-monopoly streak with progressives’ suspicion of big business and wealth inequality.
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A city that thrives on the energy of its neighborhood merchants should not offer incentives and giveaways to an internet giant known for squashing small businesses.
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Even Tucker Carlson and Goldman Sachs are talking about the pernicious impact of monopolies in the U.S.
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