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The Sleeper Issue: civil penalties may make sense when a firm violates a rule or did something (eg price-fixing) they *knew* was illegal
— Berin Szóka ? (@BerinSzoka) February 4, 2021
But in most cases, the Rule of Reason weighs costs/benefits. Penalties would be unfair & this could actually *reduce* enforcement https://t.co/lHFdGglQ2u
the provisions here: via @axioshttps://t.co/VJdJRiuclH
— CeciliaKang (@ceciliakang) February 4, 2021
Initial take on @amyklobuchar antitrust bill: A neo-Brandeisian marker/message bill, wisely strengthens enforcement agencies; would deter innovations that benefit consumers and disrupt incumbents & create a deliberately squishy merger challenge standard 1/ https://t.co/7bTzR7i4Qs
— Adam Kovacevich (@adamkovac) February 4, 2021
The Biden administration is expected to bring fresh energy to antitrust enforcement, Sen. Amy Klobuchar said, advocating for the breakup of Big Tech platforms as well as rules that would make merging parties work harder to prove their case. https://t.co/dhtn2mVQCm
— Law360 (@Law360) January 28, 2021
"You cannot take on trillion-dollar companies, the biggest companies the world has ever seen, with just Band-Aids and duct tape", damn straight, @amyklobuchar ✊ https://t.co/1k5kUm95CS
— DHH (@dhh) February 4, 2021
The kind of power Sen. Klobuchar seeks to give the government here is troubling. Shifting the burden of proof away from the government and onto the companies seeking to do as they wish is chilling. @Protectaxpayers will vehemently oppose. https://t.co/W8l63o4Ylp
— Patrick Hedger (@PatHedger18) February 4, 2021
Biggest problem: “barring conduct that puts competitors at a disadvantage.” This standard would have left us with no Model T, no iPhone, no Zoom, no Uber, no Airbnb. Consumers would lose but incumbents happy and lazy. 4/ https://t.co/SJrWpKmDQB
— Adam Kovacevich (@adamkovac) February 4, 2021
A bill from @amyklobuchar would make it harder for firms with substantial market power to acquire smaller companies and forbid mergers that present an "appreciable risk of harming competition." https://t.co/4EFJQz3IoV
— Tim Grieve (@timgrieve) February 4, 2021
NEW: Set to assume control of the Senate antitrust subcommittee, Amy Klobuchar wants new laws and more funding to help DOJ and the FTC counter the market dominance of Big Tech companies.https://t.co/z9vjEn0dPS
— Dean DeChiaro (@DeanDeChiaro) January 28, 2021
“It’s not just sitting there and pulling constant hearings where we’re yelling at executives and throwing popcorn at them," @amyklobuchar tells @Cat_Zakrzewski about tech titan antitrust.
— Geoffrey A. Fowler (@geoffreyfowler) February 4, 2021
“We have to pass something.”https://t.co/5EW0jWEOOv
“It’s not just sitting there and pulling constant hearings where we’re yelling at executives and throwing popcorn at them," @amyklobuchar tells @Cat_Zakrzewski of tech titans. “We have to pass something, and I really want to see something get done.”https://t.co/zewawHUdc0
— Tonya Riley (@TonyaJoRiley) February 4, 2021
“It’s not just sitting there and pulling constant hearings where we’re yelling at executives and throwing popcorn at them," @amyklobuchar tells @Cat_Zakrzewski of tech titans. “We have to pass something, and I really want to see something get done.”https://t.co/Ohri1n7MEy
— Rachel Van Dongen (@RachelVanD) February 4, 2021
Sen. @amyklobuchar unveiled sweeping antitrust legislation that could have major consequences for tech giants. Read our interview in today’s newsletter https://t.co/Cni0EdEBA0
— Cat Zakrzewski (@Cat_Zakrzewski) February 4, 2021
Klobuchar wants an additional $300 milllion each for FTC and DOJ’s antitrust division — roughly doubling their budgets.
— Andrew Van Dam (@andrewvandam) February 4, 2021
“You can’t take down trillion-dollar companies with duct tape and Band-Aids,” she tells @Cat_Zakrzewski https://t.co/8aRByDmkTa
YAS @amyklobuchar! Get em girl!https://t.co/QF6AcQPFV4
— Petty McBetty ? ? (@dustinfalgout) February 4, 2021
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