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Excellent interim report from @CMAgovUK on digital platforms.
Evidence: G has significant market power in general search, FB has significant market power in social media.
Things not much better on the ‘other side’ of the market: advertisers are strangled.
AZ & MSFT not yet there.
Consumer mostly passive and do not engage with privacy settings and controls.
Plenty of scope for harm to consumers. 2/
A plethora of remedies to be discussed. Pity the UK is just a drop in the ocean. Will G (and FB) react like G just did in Turkey?

Read it all, including the very informative annexes!
gov.uk/cma-cases/onli…

3/3
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Tommaso Valletti
@TomValletti
Phenomenal paper by @DrDaronAcemoglu et al.
It responds to “but people don’t care about privacy”, “I have nothing to hide”, “it’s all about revealed preferences”, “we get a barter, it’s all good”. Too fast.
There is in fact a massive negative externality. Here’s how it goes 1/
With fully rational consumers (a big if), individuals who don’t care about privacy release their data. This compromises those who do care and whose information is correlated. (Cambridge Analytica scandal:data shared by 1/4m FB users but allowed to infer info about 50m users!). 2/
A data market? Once information leaks, less incentive to protect privacy. And less to gain from giving data away, as the platform already knows about you: market price of data is low. This gives the “impression” that users do not value privacy, but it’s due to externality. 3/
Read 4 tweets
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Tommaso Valletti
@TomValletti
Very interesting and ambitious new paper by young scholar @bpellegr_econ on industry concentration. 1/
Employs a new dataset to measure product similarity (based on computational linguistics of 10-k forms) for every pair of publicly-traded firms in US. 2/
Applies it to a model that yields a metric of concentration based on network centrality, and computes deadweight loss from oligopoly: it increases over time. 3/
Read 6 tweets
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Tommaso Valletti
@TomValletti
1/ LIBRA THREAD. People are discussing MANY relevant aspects. FED Jerome Powell has “serious concerns”. @matthewstoller has written this interesting piece.


BUT.
Let me offer a personal, additional, possibly narrow, view looking at COMPETITION issues.
2/ My idea has already been bashed, both left (but guys: mine is an ADDITIONAL concern) and Koch brothers-funded right.

[Boys, I do have reply tweets, don’t I?]
3/ Here’s my argument. FB makes money, a lot of money, from ADS - period. Behind those ads are products we buy. With Libra, FB can do 2 things: match data of its ecosystem with Libra data on individual daily income, individual purchases etc. Not even credit cards have that info.
Read 7 tweets

Related threads

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VelvetBIade
@VelvetBlade
1/ It's time. I'm dropping docs on SCL, Cambridge Analytica & AggregateIQ + others. This is a big subject & people need to be able to find this information.

Here is how this works:

@profcarroll @carolecadwalla @podehaye @VickerySec @chrisinsilico @kate_hammer @NatashaBertrand
2/ BACKGROUND: These are OSINT docs gathered over years. Anyone can find them if they know how. These are not "hacked" & anyone who claims that is trying to keep you in the dark to promote their own agenda.

@WendySiegelman @annmarlowe
3/ WHY IT'S IMPORTANT: These people, powered by billionaires with anti-democratic agendas, did more than just post a few ads on Facebook. They used weapons grade PsyOps to radicalize people for politics. They employed cutting edge ad tech to do it.

And they are still doing it.
Read 203 tweets
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Richard James
@RichJamesBits
I have reached a whole new level of #PISSEDOFF.

I didnt think such a #dark and #scary state, or level, could be reached. It may top 12-14-17's causation. It's. That. Bad. So, I've prepared a statement...

docs.google.com/document/d/1_J…

#PascoSheriff #HaveYouAllNoShame @CigarCityBeer
Dear @FBI,
I must implore you ask your colleauges in @FBITampa to help research this new level of #PISSEDOFFNESS. As locals, they may offer a special indepth knowledge of this new level I have reached. This is not fair & law enforcement must #investigate. No one deserves this.
This is my #apogee of #Pissedoffness.
If #motherfuckers & #tears werent a noticable level.
If #HUSH or #INTIMIDATION tactics being deployed didnt strike a chord.
If #EVIDENCE, PROOF, or 30k Bonds didnt #WOW YOU.
If posting mom with no shred of investigatable value wasnt enough...
Read 463 tweets
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Dannielle Blumenthal PhD
@DrDannielle
1) "A frame-up (frameup) or setup is the act of framing someone, that is, providing false evidence or false testimony in order to falsely prove someone guilty of a crime. ... Generally, the person who is framing someone else is the actual perpetrator."

en.wikipedia.org/wiki/Frameup
2) You already know what a scapegoat is.
3) "Collusion is a secret cooperation or deceitful agreement in order to deceive others, although not necessary illegal, as a conspiracy."

en.wikipedia.org/wiki/Collusion
Read 88 tweets
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Ramaswamy Iyer 🇮🇳
@iyer_rn
@kanimozhi @keralaCastro @anilindian @Kuvalayamala @HKupdate @girishalva @chathootti @prafullaketkar @excomradekerala @Prof_Hariom @ranganaathan @jspandey_ @SaveSabrimala @ensine @sagenaradamuni @MaheshJoshi_MJ @jsaideepak @advmonikaarora @ShefVaidya @sgurumurthy @rvaidya2000 @RajivMessage @HinduAmericans @Swamy39 @vhskerala @mohandastg @TVMohandasPai @Amritanandamayi @SriSri @mariawirth1 @sankrant @Koenraad_Elst @davidfrawleyved @fgautier26 @narendramodi @Janamejayan @rishibagree @DrGPradhan @IndianInterest @anuraag_saxena @AAOLion @anujdhar @Chandrabosebjp @MissionNetaji @PanickarS @majorgauravarya @GeneralBakshi @daljeet1954 @MajorPoonia @TrueIndology Remembering “Thamizh Thatha”. The grandfather of Tamil Literature on his Jayanti Today.
bharathgyanblog.wordpress.com/2018/04/28/dr-…
@kanimozhi @keralaCastro @anilindian @Kuvalayamala @HKupdate @girishalva @chathootti @prafullaketkar @excomradekerala @Prof_Hariom @ranganaathan @jspandey_ @SaveSabrimala @ensine @sagenaradamuni @MaheshJoshi_MJ @jsaideepak @advmonikaarora @ShefVaidya @sgurumurthy @rvaidya2000 @RajivMessage @HinduAmericans @Swamy39 @vhskerala @mohandastg @TVMohandasPai @Amritanandamayi @SriSri @mariawirth1 @sankrant @Koenraad_Elst @davidfrawleyved @fgautier26 @narendramodi @Janamejayan @rishibagree @DrGPradhan @IndianInterest @anuraag_saxena @AAOLion @anujdhar @Chandrabosebjp @MissionNetaji @PanickarS @majorgauravarya @GeneralBakshi @daljeet1954 @MajorPoonia @TrueIndology Remembering Chatrapati #ShivajiMaharaj who brought #Hindu revival in the 17th century which ultimately liberated India from Islamic rule on his Jayanti Today. indiafacts.org/shivaji-and-th…
@kanimozhi @keralaCastro @anilindian @Kuvalayamala @HKupdate @girishalva @chathootti @prafullaketkar @excomradekerala @Prof_Hariom @ranganaathan @jspandey_ @SaveSabrimala @ensine @sagenaradamuni @MaheshJoshi_MJ @jsaideepak @advmonikaarora @ShefVaidya @sgurumurthy @rvaidya2000 @RajivMessage @HinduAmericans @Swamy39 @vhskerala @mohandastg @TVMohandasPai @Amritanandamayi @SriSri @mariawirth1 @sankrant @Koenraad_Elst @davidfrawleyved @fgautier26 @narendramodi @Janamejayan @rishibagree @DrGPradhan @IndianInterest @anuraag_saxena @AAOLion @anujdhar @Chandrabosebjp @MissionNetaji @PanickarS @majorgauravarya @GeneralBakshi @daljeet1954 @MajorPoonia Remembering Guruji(MS Golwalkar) the 2nd Sarsangachalak of @RSSorg on his Jayanti Today. organiser.org//Encyc/2018/5/…
Read 934 tweets
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MISAZimbabwe
@misazimbabwe
Recommendation 15: ZBC needs to be reformed into a truly independent public service
broadcaster and state-owned media must abide by their legal obligation to be impartial and
provide equitable treatment to all political parties and candidates.- @eueomzimbabwe

#media #Zimbabwe
@eueomzimbabwe In accordance with the Electoral Act, from 4 July the state broadcaster ZBC afforded free access to political contestants through various programming aired on TV and radio stations. - @eueomzimbabwe report

#media #Zimbabwe
@eueomzimbabwe Nevertheless, ZBC failed to abide by its legal obligation of ensuring equitable and fair treatment to all political parties and candidates in its news and current affairs programmes.- @eueomzimbabwe report

#media #Zimbabwe
Read 9 tweets

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