Tag: antitrust

Psychology Around the Net: August 8, 2020

Stay well, friends! To Bond With Nature, Kids Need Solitary Activities Outdoors: A new study finds that solitary activities (thinking hunting, fishing, and just hiking around and exploring) are perfect for children to build strong bonds with nature. Not only do these kinds of activities help children enjoy being outside, but also they help children […]

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Apple’s antitrust woes stem from its obsessions with control and money

Apple may now be the world’s largest or second-largest public company by market capitalization, but truly understanding the business requires a flash backwards to a different era: the mid-1990s, when Apple teetered on the edge of bankruptcy. Founder Steve Jobs had no shortage of outside advice after returning to fix the sinking Apple ship, but ultimately focused […]

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AI Weekly: Big Tech’s antitrust reckoning is a cautionary tale for the AI industry

This week, as the heads of four of the largest and most powerful tech companies in the world sat in front of a Congressional antitrust hearing and had to answer for the ways they built and run their respective behemoths, you could see how far the bloom on the rose of big tech has faded. […]

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Tech Companies Report Huge Profits as 40 Million Americans Face Evictions

A day after a congressional antitrust hearing where lawmakers questioned the CEOs of Amazon, Apple, Alphabet, and Facebook, those companies reported earnings that show they’ve made billions during a pandemic that has put 40 million Americans at risk of eviction.   On Thursday, e-commerce giant Amazon reported $88.9 billion in net sales this financial quarter (up […]

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The Future of Trust-Busting Is in Joe Biden’s Hands

Throughout the hearing, the figures who really came off looking inept were the federal antitrust enforcement agencies—the Federal Trade Commission (FTC) and the Department of Justice (DOJ) antitrust division. These agencies already had most of the evidence Congress had on hand. Representative Jerrold Nadler presented an email showing Mark Zuckerberg bought Instagram out of fear […]

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Tech CEOs will survive antitrust hearings but can’t stop investigations

Given my background as a political science major, lawyer, and journalist, I shouldn’t be dispassionate about today’s Congressional antitrust hearing on the market power of online platforms, which will bring the CEOs of Amazon, Apple, Facebook, and Google into a single (virtual) space for questioning. This is the sort of feat that only a governmental body can pull […]

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Monopoly is Tyranny

The economy as we know it is populated by gigantic corporations, behemoths that have bought up not only their competition but also the businesses supplying or otherwise supporting them. Such monopolies act as a “rival form of government,” explains Zephyr Teachout, the author of Break ’Em Up: Recovering Our Freedom From Big Ag, Big Tech, […]

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America’s Largest Unions Are Calling on the FTC to Stop Amazon

On Thursday, a coalition of some of America’s largest unions representing millions of workers  filed a complaint with the Federal Trade Commission to address Amazon’s exploitation of the Covid-19 pandemic to further expand its dominance over U.S. markets and labor. “We are highly alarmed by Amazon’s conduct during the unprecedented crisis brought about by the […]

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Monopolies Make Their Own Rules

Teachout’s thesis is provocative and simple: that monopolistic corporations operate a despotic parallel governmental system. Teachout’s thesis is provocative and simple: that monopolistic corporations operate a despotic parallel governmental system, or as she writes in her refreshingly brusque style, “monopoly is tyranny.” It is a system of coercive, private power that rivals, and often surpasses, […]

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