Open Markets Legal Director Sandeep Vaheesan speaks to the AP's Barbara Ortutay and Rachel Lerman about Google as they report on Washington's growing antitrust scrutiny. In regards to Google's dominance, Google might argue it doesn't have an obligation to do business with its rivals at all — an argument that other companies have made when faced with similar challenges, said Vaheesan.
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In this third and final part of his three-part series on the resurgence of antimonopoly for Pro-Markets, Open Markets Senior Fellow Matt Stoller explains how the election of Donald Trump helped bring antimonopoly thinking back to the forefront of political discourse. “The most important political figures in the return of antimonopoly politics are Elizabeth Warren and Donald Trump,” asserts Stoller. “There are many people in Europe, India, and Australia making critical policy choices, but in terms of setting the boundaries of what is possible, it is Warren and Trump who have re-politicized this area.”
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Today, LSC Communications and Quad/Graphics, the two biggest magazine and book printers and distributors in America, abandoned their plans to merge.
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Mashable editor Stan Schroeder reports on Facebook facing trouble for its Libra currency proposal before it's launched. He cites the Open Markets Institute, Public Citizen, Demand Progress Education Fund, and Revolving Door Project urging members of the Libra Association (which includes Mastercard, Visa, PayPal, Coinbase, eBay, and others) to leave the project.
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In this second installment of his three-part series on antitrust’s recent resurrection on Pro-Market, Open Markets Senior Fellow Matt Stoller discusses the legacy of Obama’s presidency. The real policy for which Obama will be known is not Obamacare or Dodd-Frank, but bailing out the banks after the 2008 financial crisis and helping Americans and the rest of the world understand that liberal democratic rhetoric was really an ornamental cover for a system of concentrated financial and political power.
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This week, livestock farmers and advocacy groups from across the country flew to Capitol Hill to share stories of exploitation by large meatpackers and call for greater farmer protections. At issue is a pending rule by the USDA that will clarify farmers’ grounds to sue meatpackers for retaliation, discrimination, and other abusive practices.
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Open Markets, Public Citizen, Demand Progress Education Fund, and Revolving Door Project sent a joint letter to all 27 partners of Facebook's Libra Consortium demanding they walk away from the project.
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On the heels of Open Markets publicly demanding Libra’s launch partners “walk away” from the project, OMI, Public Citizen, Demand Progress Education Fund, and Revolving Door Project sent a joint letter to all 27 partners.
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In the first part of a three-part series for Pro-Market, Open Markets Senior Fellow Matt Stoller explains why antimonopoly politics is experiencing a resurgence. “To understand how far we’ve come, we must understand what was,” writes Stoller. “I am going to try and help us reach back to the 1990s, before the financial crisis, Iraq War, Big Tech’s monopolization, before Nickelback jokes, and so forth.”
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Ahead of the July 16 House Antitrust Subcommittee hearing featuring big tech, Open Markets Deputy Director Sarah Miller tells Bloomberg's David McLaughlin and Ben Brody that tech companies are harming entrepreneurs. “These companies were the darlings of most Democrats and now the dynamic has changed profoundly,” she said.
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The National (AE) reports on Open Markets' latest brief on Facebook's Libra currency proposal. The brief, published in advance of the July 16 Senate Banking Committee hearing scrutinizing Libra, is "a stark warning to Congress, calling the social media giant's foray into digital banking 'a dangerous liability at home and abroad'."
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Business Insider reporter Linette Lopez asserts: "No, Facebook should not be allowed to have its own currency." In her piece, she cites Open Markets recent report warning against Facebook's proposal to launch Libra, a global digital currency. "I wouldn't let Facebook water my plants, let alone monitor my banking transactions," she writes.
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The American Prospect's David Dayen previews a week of hearing scrutinizing big tech. He cites Open Markets Director of Enforcement Strategy Sally Hubbard who said that the subcommittee investigation itself, more than public hearings, will drive recommendations for reshaping tech platform markets.
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In the wake of this morning’s Senate Banking Committee hearing on Facebook’s plan to launch Libra, a new global cryptocurrency, the Open Markets Institute is calling for Libra’s 27 consortium partners to withdraw from the project.
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The Open Markets Institute submitted a statement for the record before the U.S. House of Representatives Committee on the Judiciary Subcommittee on Antitrust, Commercial and Administrative Law on Online Platforms and Market Power, Part 2: Innovation and Entrepreneurship on July 16, 2019.
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Open Markets Director of Enforcement Strategy Sally Hubbard speaks with Bloomberg reporters Lucas Shaw and Mark Bergen about YouTube's dominance. She says of the video platform owned by Google, “If you’re looking into Google, it would be remiss not to look at YouTube. You’ve got monopolies upon monopolies.”
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