Biden flashes warning to Big Tech as his team vets antitrust scholars bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
President Joe Biden’s plan to put two progressive antitrust scholars in top positions signals an aggressive approach to combating corporate consolidation and monopoly power, especially that wielded by technology giants such as Alphabet Inc.’s Google and Facebook Inc.
BIG by Matt Stoller
Mark Zuckerberg and Sundar Pichai need to be indicted.
Hi,
Welcome to BIG, a newsletter about the politics of monopoly and finance. If you’d like to sign up, you can do so here. Or just read on…
Today’s issue is about the various antitrust cases against Google and Facebook announced this week, and why it’s time to issue criminal indictments against the executives responsible for the bad behavior. Plus:
Legendary judge Jed Rakoff issues a ruling threatening private equity’s business model.
A BIG reader discusses the health care monopoly situation in New Jersey.
4 months old
The US government wants to break up Facebook. Good â it s long overdue
MattStollerandShaoulSussman
This article is more than 4 months old
America broke up logging companies in the 1840s, Standard Oil in the 1910s, and AT&T in the 1980s. Itâs time to take on big tech
The Facebook CEO, Mark Zuckerberg, testified remotely before a congressional subcommittee in July. Photograph: Graeme Jennings/AFP/Getty Images
The Facebook CEO, Mark Zuckerberg, testified remotely before a congressional subcommittee in July. Photograph: Graeme Jennings/AFP/Getty Images
Fri 11 Dec 2020 09.48 EST
Last modified on Mon 14 Dec 2020 16.40 EST
This week the government filed a ground-breaking antitrust suit against Facebook, seeking to break up the corporation for monopolistic practices. The suit comes on the heels of a similar case against Google, as well as an aggressive Democrat-authored congressional report recommending taking apart not just Google and Facebook, but Apple and