Tag: regulation
With Christine Wilson’s departure, the Federal Trade Commission (FTC) has lost a champion for high-quality work and open debate. Many will miss her, but the staff and consumers will suffer the most. What’s even sadder is that it seems that losing her as a commissioner was necessary to lay bare the FTC’s rapid decay. The [...]
Elon Musk’s takeover of Twitter, and his controversial statements and decisions as its owner, have fueled a new wave of calls for regulating social media companies. Elected officials and policy scholars have argued for years that companies like Twitter and Facebook – now Meta – have immense power over public discussions and can use that [...]
Two bills currently being considered by the U.S. Senate—the American Innovation and Choice Online Act (AICOA) and the Open App Markets Act (OAMA)—would, if passed and signed into law, result in significant redesigns of technology platforms of the U.S. companies Apple, Meta (owner of Facebook), Alphabet (owner of Google), and Amazon. Microsoft might also be [...]
The Federal Trade Commission’s (FTC) timing could not have been worse: On the same day that Meta released its second quarter financial results, showing a 36 percent decline in net income and a 14 percent drop in ad prices because of rising competition, the FTC filed to block Meta’s acquisition of a fitness app, claiming [...]
The U.S. Surface Transportation Board (STB) is considering a rule that could increase the economic cost of shipping by rail without providing any benefits. That’s a bad idea. At issue is a policy called reciprocal switching, where a company shipping something by freight rail obtains access to a competing railroad’s track, equipment and facilities for [...]