Earlier quoted context omitted.
Bork argued that antitrust law shouldn't inherently challenge bigness. He felt that the antitrust should seek to maximize consumer welfare. That's been interpreted by the courts to mean lower prices, but any economist worth their salt will say consumer choice is an aspect of consumer welfare. It doesn't matter if Little Caesars pizza is the cheapest option, if there aren't any other pizza options, consumer welfare is…
Thomas does seem at least open to having the discussion, and has mentioned social media market position in previous opinions.
U.S. accuses Google of abusing monopoly in ad technology
171–180 of 266 posts
Re: U.S. accuses Google of abusing monopoly in ad technology
#172Google 2021 revenue: $258B Meta 2021 revenue: $118B Can someone explain how Google has a monopoly when there are competitors in their league?
The relevant part is around paragraph 187, under the "Google Further Stunts Header Bidding by Working to Bring Facebook and Amazon into Its Open Bidding Fold" header.
Maybe relevant disclosure: I used to work for a company that was a launch partner of Facebook's Audience Network [2]. In a separate lawsuit in 2020, some state attorneys general claimed that Facebook's internal communications showed that FAN was just a smokescreen to get Facebook leverage to make a deal with Google. Oops, silly us.
[1]: https://www.justice.gov/opa/press-release/file/1563746/downl...
[2]: https://www.facebook.com/audiencenetwork/news-and-insights/h...
Re: U.S. accuses Google of abusing monopoly in ad technology
#173I'm less concerned about Google Ad market share and more concerned with their placement of Google properties above competitors on the search results page (IE, Google Reviews over Yelp, or airline prices, etc).
For the vast majority of google searches there are no relevant ads. All these searches are subsidized by someone googling "flights to new york" and booking a flight right there. Google provides an immense public good with free (and mostly ad-free) results to all kinds of questions, which other flight search engines do not. Imagine: A flight search engine as a marketing gimick starts a web search engine, and shows fli…
Re: U.S. accuses Google of abusing monopoly in ad technology
#174Re: U.S. accuses Google of abusing monopoly in ad technology
#175I'm kind of sour on antitrust as much of a solution for today's issues. If we had five smaller Googles doing the same thing what would that make better?
Re: U.S. accuses Google of abusing monopoly in ad technology
#176I'm guessing the worst case is they are forced to sell off the exchange side of the Ads business, which isn't that much revenue compared to the revenue they make selling ad space. This is probably going to have a lot less effect than what people are assuming it will have. Google and Facebook have never had more competition in the Ad space. Apple and Amazon are building big Ad businesses fast. That's not the problem.…
I agree with your take. Most likely they’ll be forced to divest from the Ads Exchange business which won’t affect them materially. It would open up some possibilities for actors in that space to shift the balance of (pricing) power a bit, but I’m unsure the impact will be huge. All the big new advertising platforms tend to own their whole stack like you mentioned (Amazon, Apple) and for good reasons.
Re: U.S. accuses Google of abusing monopoly in ad technology
#177Earlier quoted context omitted.
Thomas does seem at least open to having the discussion, and has mentioned social media market position in previous opinions.
The cynic in me says that Thomas is open to the discussion to the extent that it hurts companies that he percieves as his enemies, and will shut it down as soon as it covers companies that he considers on his side.
Re: U.S. accuses Google of abusing monopoly in ad technology
#178Earlier quoted context omitted.
Lina Khan may have written great papers but she isn't fit for the job. She harbors a hate for big tech and cannot be impartial in her dealings. See her recent attempt to prevent Meta from acquiring Within. There is no sane, level-headed case that could possibly paint this acquisition as an antitrust violation. Even most legal experts will agree that Lina Khan's case is a stretch at best. It's clear that this case is…
The FTC chairperson is a part of the Executive branch, not a judge. It's not her job to be impartial; she's allowed to have a point of view.
Re: U.S. accuses Google of abusing monopoly in ad technology
#179I think it’s worth saying for people not too familiar with the space that this is specifically about Display and Video ads on third party websites. The lawsuit is about how Google managed to get in the entire stack (publisher, exchange and (less importantly for the lawsuit) buy side) and (according to the plaintiffs) abused their positions. I’d really encourage people read the lawsuit. It’s long, but most of the repo…
Re: U.S. accuses Google of abusing monopoly in ad technology
#180Earlier quoted context omitted.
Windows and Mac scare the user when switching to a non-first party browser. That, at minimum, should be highly illegal. It's wildly anti-competitive when the platform already has home field advantage. System dialogues and prompts continue opening in the platform browser, which further continues to nag the user to switch back. Again, totally unfair. These nags and scares should not be allowed. Competition is what make…
> That, at minimum, should be highly illegal. It's wildly anti-competitive when the platform already has home field advantage. So should it also be illegal for third party browsers to keep nagging the user that they should be the default? That’s what Netscape did for years and what Chrome does
Apple will nag you to switch to Safari, even if you have literally never used Safari. It just pops up from time to time with a notification that cannot be ignored.