WIRED reports on the implications of the news of the FTC's $5 billion Facebook settlement and cites Open Markets Senior Fellow Matt Stoller in their reporting. “They can issue a really big fine, which is just a parking ticket,” Stoller recently told WIRED. “We don’t think a fine matters. We need a structural solution here.”
Read More
This settlement is a capstone on the FTC’s record of failing to police America’s markets and privacy abuses. Congress should no longer tolerate the FTC’s failures as an enforcer, which have led to its crisis of legitimacy.
Read More
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
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
Vanity Fair's Alison Durkee speaks with Open Markets Executive Director Barry Lynn about Congress' latest move against Facebook's proposed cryptocurrency, Libra. “This is a corporation that’s got fires all over the world with regulators. It’s only going to get worse,” said Lynn.
Read More
AP Reporter Matt O’Brien profiled House Antitrust Subcommittee Chair David Cicilline. This year he hired Lina Khan, a top attorney at Open Markets, to serve as a counsel to the subcommittee.
Read More
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 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
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
The Houston Chronicle Editorial Board published a piece on Facebook's plans to act like a bank demanding regulation. They cite Open Markets Senior Fellow Matt Stoller's piece on The New York Times warning of the dangers of Facebook's proposed Libra coin.
Read More
Open Markets Institute Senior Fellow Matt Stoller published an op-ed in the New York Times condemning Facebook’s plan to create a new global currency. Stoller writes, “Sorry, but no thanks: We should not be setting up a private international payments network that would need to be backed by taxpayers because it’s too big to fail.”
Read More
Deutsche Welle interviews Open Markets Deputy Director Sarah Miller about the shift in attitude by American lawmakers to Silicon Valley and how big tech is now on Washington's crosshairs. "These corporations were really the darlings of American commerce, and it's hard to believe, as someone who has been working on these issues for three or four years, how quickly that has changed, not just among progressives, but also among conservatives here in the US," she said.
Read More
Alexis C. Madrigal of The Atlantic writes that Big Tech on the left and right and highlights Open Markets Institute as among the new wave of antitrust scholars.
Read More
Open Markets Institute strongly applauds the House Judiciary Committee’s announcement yesterday that it is launching a bipartisan “top-to-bottom” antitrust investigation of Silicon Valley’s biggest tech monopolies.
Read More
The New York Times speaks with Open Markets Deputy Director Sarah Miller about antitrust enforcement in the U.S. as the House Judiciary Committee announced an official investigation scrutinizing the tech giants just hours after the Department of Justice and Federal Trade Commission were reported to be dividing jurisdiction over Google, Amazon, Apple and Facebook. Compared to Europe and other regulators around the globe, “Federal enforcers have a lot of catching up to do,” said Miller.
Read More
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.
Read More
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.
Read More