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The bipartisan bills that passed the House Judiciary Committee address Big Tech’s monopoly power.— Rep. Ken Buck (@RepKenBuck) June 29, 2021
We can fix this problem now.
Why would we wait 2 years or 4 years?
This dynamic can play out at law firms as they seek tech business, too.— David McCabe (@dmccabe) June 29, 2021
Jonathan Kanter, a rumored candidate to head DOJ antitrust, left Paul, Weiss because of conflicts between his work with tech critics and other work at the firm, sources told us. https://t.co/ydHOOuAQ45 https://t.co/zuJdKd4IY3
Today’s development in the FTC’s case against Facebook shows that antitrust reform is urgently needed. Congress needs to provide additional tools and resources to our antitrust enforcers to go after Big Tech companies engaging in anticompetitive conduct. https://t.co/AGvSacj8kb— Rep. Ken Buck (@RepKenBuck) June 28, 2021
People who think anti-trust is the answer to their problems with big tech, are so misguided it's hard to even get started. The Feds being able to create a category so narrow they can call any company a monopoly is horrible. Also remember when it was Walmart Myspace AOL & Yahoo? https://t.co/9A6JGNkbfz— Sean Fitzgerald (@IamSean90) June 29, 2021
A federal judge tossed out antitrust lawsuits against Facebook — and threw cold water on the heated campaign to brand Big Tech as illegal monopolists.— Axios (@axios) June 29, 2021
It shows just how tough it will be for regulators to make their charges of tech malfeasance stick. https://t.co/tMmswAgh96
The FTC should do everything it can to pursue its case against Facebook. But the ruling shows why our antitrust laws need to be updated after years of bad precedent. We can’t meet the challenges of the modern digital economy with pared down agencies & limited legal tools.— Amy Klobuchar (@amyklobuchar) June 28, 2021
Even if the FTC refiles, this is going to have a big impact in the congressional debate on antitrust law.— Brendan Bordelon (@BrendanBordelon) June 28, 2021
Lawmakers on the progressive left and populist right often argue existing law is insufficient to rein in Facebook and other tech giants. This is fuel for that argument.
Smart, smart take from @scottros:— Sara Fischer (@sarafischer) June 29, 2021
— Judge’s dismissal of FTC’s $FB lawsuit shows how tough it will be for regulators to make their antitrust charges stick.
— It could also strengthen the hand of lawmakers who argue we must update outdated antitrust laws.https://t.co/F54ckaJHZG
Matt's analysis goes to why the successful push last week to amend one of the antitrust bills in House Judiciary to include a "consumer welfare" defense was devastating. Another later effort failed bc vote was tied. Savvy and formidable push by tech companies and their cut-outs. https://t.co/ZdkTq2VPt5— David Segal (@DavidSegalRI) June 29, 2021
Big Tech behemoths were once the gold standard of entrepreneurism and innovation. They took on incumbents, created new services, and transformed what our economy looks like today.— Kevin McCarthy (@GOPLeader) June 29, 2021
But their idea of competition is now corrupted, and it's past time to rein in Big Tech.
This piece is about how many opportunities now exist to make lots of money (up to $2K/hr) for legally defending Big Tech.— Luther Lowe (@lutherlowe) June 29, 2021
At the end of the story, though, we learn of one antitrust hotshot who walked away from the top firm out of principle. https://t.co/EL5NeTflNA pic.twitter.com/bA6wdFvrVY
In January, I was reliably informed by the tech press that the tech lash was over. This morning, four senators and a congressman are speaking at @EPPCdc's Big Tech symposium about their proposals to substantively reform Section 230 and update and enforce the antitrust laws. https://t.co/opZ6tAGTCB— Rachel Bovard (@rachelbovard) June 29, 2021
TL;DR version: The judge finds the FTC didn't offer enough details to show that Facebook has a monopoly for social networking services.— Leah AntiTrustButVer1fy Nylen (@leah_nylen) June 28, 2021
Breaking: The district court just dismissed the FTC's antitrust suit against Facebook. More TK— Leah AntiTrustButVer1fy Nylen (@leah_nylen) June 28, 2021
However, the FTC’s case against Facebook isn’t completely closed.— Vox (@voxdotcom) June 28, 2021
The FTC can pursue other methods for limiting Big Tech's power.
And some politicians have viewed today’s rulings as a call for Congress to update old antitrust laws so they can apply to modern-day tech companies.
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