The FTC admitted taking a higher settlement figure from Facebook in exchange for declining to depose Mark Zuckerberg.
Meta/Facebook
Posted inMoney, Politics, and Power
Trump’s Antitrust Cops Fail to Police Big Business—Again
The day after one regulator announces an investigation into Big Tech, another gives Facebook a wet kiss. It’s all part of a pattern.
Posted inLaw and Justice
A Week of Reckoning for Big Tech
The platform monopolies face three hearings on Capitol Hill that could define future actions against them.
Posted inMoney, Politics, and Power
Inside the Congressional Staff Meeting About Libra
Staffers challenge Facebook’s happy talk about its digital currency in a briefing.
Posted inMoney, Politics, and Power
Facebook Wants to Become the World’s Banker—and Congress Isn’t Paying Enough Attention
Despite the company’s plan to issue its own currency, lawmakers haven’t grasped the threat this poses to the world’s economy.
Posted inEconomic Policy
How Digital Advertising Markets Really Work
They’re shaping our market, our democracy—our entire reality. If we’re going to fix them, we need to understand them.
Posted inTAP
Facebook World Domination Announcement Set for Tuesday
Tomorrow, Facebook is set to unveil its own currency, because that’s a thing companies do now. It’s a throwback to 19th-century coal and lumber companies that would pay workers in scrip. But in this case, Facebook has 2.5 billion users instead of a few thousand laborers, giving it the potential to dominate the payment system. […]
Posted inLaw and Justice
The Big Tech Investigations That Should Have Started in 2012
Two missed opportunities from the Federal Trade Commission, on Google and Facebook, led us to the monopoly crisis we face today.
Posted inBooks, Arts and Culture
Digital Media Is Suffocating—and It’s Facebook and Google’s Fault
Newsrooms across the country are laying off journalists, because the ad dollars generated from their work all filter up to Big Tech.
Posted inEnergy and the Environment
Here’s the Real Trouble With Tech
Once you understand the tech giants are capturing unguarded human experience, their business makes sense.