Good afternoon. The subcommittee will come to order. Without objection the chair is authorized to declare recesses of the committee at any time. We welcome everyone to the second of our series of hearings investigating competition in the Digital Markets. This one on innovation and entrepreneurship. I now recognize myself for an opening statement. 30 years ago the First Software for the worldwide member was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto this software to give people tools to communicate, share, and explore information through decentralized platform that was designed to be open and nondiscriminatory. An internet pioneer and codesigner of the internets early architecture testified in 2006 on behalf of google that the overarches principle of the open internet was no central gatekeeper should exert control over the internet. As he noted this open and competitive environment meant ent
The chair is authorized to declare recesses of the committee at any time. We welcome everyone to our first hearing on Online Platforms and market power, focusing on the free and Diverse Press. I now recognize myself for an Opening Statement. In recent years, there has been a cascade of competition problems on the internet. Concentration in the Digital Marketing has pushed for journalism to the verge of extension. The acquisitions, growing innovation kills him, and high Network Effects and switching costs, appear to undermine entrepreneurship and startup rates. The sheer dominance of some platforms has resulted in the worst products, significantly less choice, leaving people without a competitive alternative to services that harvest the data, manipulative behavior to monetize her attention. Response to these trends, the committee will commit conduct a bipartisan the purpose of this investigation is to document anticompetitive combat conduct online. Examine and and assess whether the com
The chair is authorized to declare recesses of the committee at any time. We welcome everyone to our first hearing on Online Platforms and market power, focusing on the free and Diverse Press. I now recognize myself for an Opening Statement. In recent years, there has been a cascade of competition problems on the internet. Concentration in the Digital Marketing has pushed for journalism to the verge of extension. The acquisitions, growing innovation kills him, and high Network Effects and switching costs, appear to undermine entrepreneurship and startup rates. The sheer dominance of some platforms has resulted in the worst products, significantly less choice, leaving people without a competitive alternative to services that harvest the data, manipulative behavior to monetize her attention. Response to these trends, the committee will commit conduct a bipartisan the purpose of this investigation is to document anticompetitive combat conduct online. Examine and and assess whether the com