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I will continue to believe that this is another tentacle of William Barr's political harassment of Google and tech in general until he leads the same crusade against other 'monopolies' of the same degree like Comcast, Apple, Boeing, Amazon, United Airlines, etc.
Earlier quoted context omitted.
how is banking a monopoly? or Disney?
How is Google or Amazon or Facebook a monopoly?
This is interesting because it seems like the DOJ's definition of monopoly is changing, which I think is a good thing. Since the late 80s (roughly), antitrust litigation has only been brought on the basis of a monopoly's negative impact on consumer prices (i.e. does the existence of a monopoly cause the consumer to have to pay higher prices?). That ignores monopolies that impair the ability of smaller companies to en…
For example would YouTube be successful as it is today if it wasn't Google's resources and knowledge to skyrocket it? I think not.
Amazon and Facebook should be next. Break them all up with extreme prejudice and put strict new anti-trust laws around acquisitions in place for the future. We're going to do this and open technology back up to innovation and progress, or just watch the tech giants continue to grow in power and abusiveness year after year while new startups continue to decline.
I will continue to believe that this is another tentacle of William Barr's political harassment of Google and tech in general until he leads the same crusade against other 'monopolies' of the same degree like Comcast, Apple, Boeing, Amazon, United Airlines, etc.
Even if it is, it could set a precedent that makes it easier for a future, less corrupt administration. I don't know if the good necessarily outweighs the bad, but maybe it does.
This is a continuation of politics trying to skim money off of tech and funnel it to thier favored constituents - it's straight up corruption.
The big one is Amazon. The revenue from AWS funds the ability for them to crush the high street on the shopping side. They should be forced to sell off AWS as a separate company.
Agreed. Facebook brekup doesn't make sense nor a google. Amazon has two different businesses.
The big problem with this is the extreme mediocrity of every other industry. Amazon and Google are winning everything because none of their competitors have even attempted to do better than they did 10 years ago. Amazon should have won in very few of the markets it entered. Instead, its competitors just decided to lie down and die, with a couple of yelps on their way to their death.
Amazon and Facebook should be next. Break them all up with extreme prejudice and put strict new anti-trust laws around acquisitions in place for the future. We're going to do this and open technology back up to innovation and progress, or just watch the tech giants continue to grow in power and abusiveness year after year while new startups continue to decline.
Let's be real here. None of these megacorps are getting broken up any time soon. We haven't had a trustbuster in office for a very long time. The megacorp/lobbyist/politico triopoly has ruthlessly, slickly snuffed out any perceived opposition for quite a long time.