Tag: antitrust

Business Groups Slam Biden’s ‘Flawed’ Competition, Antitrust Executive Order

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Joe Biden

President Joe Biden’s competition and antitrust executive order will harm American consumers, groups representing both large and small businesses said.

The leading groups — including the Chamber of Commerce, Job Creators Network (JCN) and the National Association of Manufacturers (NAM) — slammed Biden’s executive order, arguing that it will harm competition and present a host of challenges to small businesses. The business groups said the order is an example of big government attempting to exert control over the free market via onerous rules and regulations.

“This executive order amounts to a bizarre declaration against American businesses, from the largest to the smallest,” Small Business and Entrepreneurship (SBE) Council Chief Economist Raymond Keating said in a statement. “It’s hard to understand why a White House would go down such a path, especially as the economy is digging out from the COVID-19 disaster.”

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Tennessee Attorney General Joins Lawsuit Against Google

Peter D'Abrosca

Tennessee will be the 37th state to join a massive anti-trust lawsuit against tech giant Google.

Attorney General Herbert H. Slatery III announced Wednesday that Tennessee will band together with the other states in the lawsuit in an attempt to combat what they see as anti-competitive trade practices. 

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Amazon Demands Recusal of Federal Trade Commission Chair from Any Antitrust Investigations

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Federal Trade Commission

Tech giant Amazon recently demanded that the chairwoman of the Federal Trade Commission be recused from any antitrust investigations into the company, according to the Daily Caller.

Amazon filed the petition with the FTC on Wednesday, accusing Chairwoman Lina Khan of being biased due to the fact that she “has, on numerous occasions, argued that Amazon is guilty of antitrust violations and should be broken up.” The petition continued by declaring that “these statements convey to any reasonable observer the clear impression that she has already made up her mind about many material facts relevant to Amazon’s antitrust culpability as well as about the ultimate issue of culpability itself.”

The FTC is already conducting several antitrust investigations, including against Amazon; their most recent efforts are focusing on Amazon’s possible acquisition of the film studio Metro Goldwyn Mayer (MGM), a purchase of nearly $9 billion announced last month.

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Apple CEO Tim Cook Reportedly Phoned Pelosi to Warn Her Against Antitrust Bills

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House Speaker Nancy Pelosi and Apple CEO Tim Cook

Apple CEO Tim Cook called House Speaker Nancy Pelosi and other members of Congress last week, warning lawmakers that newly proposed antitrust legislation would harm consumers and hurt innovation, five sources with knowledge of the conversations told The New York Times.

Lawmakers introduced a series of antitrust bills that target Facebook, Apple, Google and Amazon, The New York Times reports. The legislative efforts seek to rein in the tech companies by addressing alleged anti-competitive practices and by curbing monopoly power, according to a report by CNET.  

Pelosi pushed back on Cook’s warnings, asking him to name specific policy objections, two sources with knowledge of the conversations told The New York Times.

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Commentary: Big Tech Only Has Itself to Blame for Republican Rethinking of Antitrust

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Smartphone with display of social media apps

There are few, if any, political issues that now generate the breadth and intensity of bipartisan backlash as does the rise of Big Tech.

During Donald Trump’s presidency, the major parties largely diverged on their specific grievances against the woke Silicon Valley monopolists who serve as gatekeepers for America’s 21st-century public square. Republicans, by and large, focused on censorship of conservative online speech. Democrats, by contrast, tended to focus on economic concentration; the five American corporations with the largest market caps, for example, are tech behemoths Apple, Microsoft, Amazon, Google Alphabet, and Facebook. This divergence has stymied efforts to rein in the Big Tech oligarchy on issues such as Section 230, the 1990s-era provision permitting platforms to engage in publisher-like content-moderation decisions without being legally treated as publishers.

Conservatives still have myriad concerns with Big Tech’s noxious brew of speech suppressions, shadow bans, and unaccountable deplatformings. Those concerns are both legitimate and justified by Big Tech’s ever-expanding list of misdeeds. But there is an emerging sea change in the way conservatives conceptualize the relationship between Big Tech’s unfettered content-moderation leeway and the sheer economic clout wielded by the relevant corporate actors.

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Facebook Sued by 48 States, Federal Trade Commission Over Allegations of Monopolistic Practices

The Center Square

New York Attorney General Letitia James announced Wednesday that she is leading a coalition of dozens of states to file a lawsuit against social media giant Facebook.

James, along with the attorneys general of 47 other states and the Federal Trade Commission, accuse Facebook of using its dominant market position to acquire and otherwise crush competitors, tactics that amount to monopolistic abuse that harm users.

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Justice Dept. Files Landmark Antitrust Case Against Google

The Associated Press

The Justice Department on Tuesday sued Google for antitrust violations, alleging that it abused its dominance in online search and advertising to stifle competition and harm consumers.

The lawsuit marks the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago. It could be an opening salvo ahead of other major government antitrust actions, given ongoing investigations of major tech companies including Apple, Amazon and Facebook at both the Justice Department and the Federal Trade Commission.

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Dave Yost Seeks Public’s Input on Whether Google Uses ‘Deceptive Sales Practices’

Anthony Gockowski

Ohio Attorney General Dave Yost said he wants the public to weigh in on the question of whether internet search engines should be “allowed to favor their own products and services in search results.”

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Attorneys General Give Conflicting Views on Future of Antitrust Probe Targeting Google as States Respond to Virus Spread

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The attorneys general who are involved in an antitrust investigation targeting Google are weighing whether to press the accelerator on the probe or focus resources on the coronavirus response.

Google is doing everything it can to protect not only its employees, but also Americans, Louisiana Attorney General Jeff Landry told the Daily Caller News Foundation. He is referring to what he said was the company’s work to help the Trump administration on the virus response.

Landry is one of the 33 attorneys general who is helping to spearhead the probe.

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