This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Stay at home stocks are getting smoked Tech stocks skyrocketed after the pandemic hit and the world went virtual. We pedaled it out on Pelotons (PTON) instead of hitting the gym, and we watched Netflix (NFLX) like it was our second job. Zoom (ZM) became a verb as we began chatting and socializing… Source link
Read More »The Boston Tea Party’s warning for Facebook and Google, Opinion News & Top Stories
(BLOOMBERG) – Back in November, it was possible to dismiss the Trump administration’s antitrust suit against Google as too weak, too narrow and too late. But now more than 40 states – and the Federal Trade Commission – have filed suit against another tech giant: Facebook. It seems unlikely to be the last major lawsuit against technology giants. Though these cases are ostensibly about antitrust violations, they are a sign of something bigger: the revival of a longstanding anti-monopoly… Source link
Read More »The Boston Tea Party’s warning for Facebook and Google
Though these cases are ostensibly about antitrust violations, they are a sign of something bigger: the revival of a longstanding antimonopoly tradition in the U.S. This particular view of large, powerful corporations – as threats to the political order – has repeatedly played a significant role in the nation’s history. As the historian Richard John has observed, antimonopoly is often confused and conflated with antitrust. In fact, it long predates antitrust law. In the 17th… Source link
Read More »The Boston Tea Party’s Warning for Facebook and Google – BloombergQuint
One Patriot, for example, voiced the following objection: “The first Teas may be sold at a low Rate to make a popular Entry, yet when this mode of receiving Tea is well established, they, as all other Monopolists do, will mediate a greater profit on their Goods, and set them up at what Price they please.” Source link
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