Matt Stoller Profile picture
Jul 29, 2020 17 tweets 10 min read Read on X
The #bigtechbarons hearing is starting.
Key point. This hearing is not just a one-off, it is *part* of an investigation. @davidcicilline says they have millions of documents from both the companies as well over a hundred competitors. #bigtechbarons
@davidcicilline notes commonalities of #bigtechbarons:

(1) They each are bottlenecks
(2) They each engage in surveillance
This is amazing. @davidcicilline posits that this is a battle between Monopoly power and democracy. #BigTechBarons #BigTechHearing
"Our founders would not bow before a king, we should not bow before the emperors of online commerce." - @davidcicilline #bigtechhearing #bigtechbarons
Now @JimPressOffice is giving the GOP opening statement. So far it's a reasonable statement, talking about dominance, making the point that "big is not bad." Serious statement discussing data and market structure. Bipartisan, this is good. #BigTechHearing
"I share the concern that market dominance is rife for abuse." - @JimPressOffice #BigTechHearing
This is the stock price of #bigtechbarons since this investigation began. Trillions of dollars in an increase of market capitalization. #BigTechHearing Image
Now @RepJerryNadler starts with citing Brandeis. #BigTechHearing

Everyone so far uses the word 'dominance.'
Good historical lesson from @RepJerryNadler. So far Sensenbrenner, Cicilline, and Nadler are bringing seriousness to this hearing. #BigTechBarons #BigTechHearing
Love @RepJerryNadler bringing Emanuel Celler and his anti-monopoly subcommittee into the conversation. #BigTechBarons

This is amazing, just like the hearings I read when I researched Goliath.
Time for @Jim_Jordan. "Big tech is out to get conservatives." Talking about the World Health Organization and China, Amazon banning Trump and Twitch. #bigtechbarons

So far hearing nothing about monopoly or competition.🤔🤔🤔
What's so irritating about @Jim_Jordan is that everything he's talking about is *a monopoly problem* but he's here to defend monopoly and then harangue the monopolists for not being nicer to what *he thinks.* #BigTechHearing #BigTechBarons
It's kind of funny that @Jim_Jordan doesn't get to the defense of #BigTechBarons because it just doesn't fit in his haranguing of #bigtech for conservative bias. Jordan is now being a clown and being disruptive. @davidcicilline shuts him down hard.
It's so great that @davidcicilline made it 100% clear that this hearing is serious and that you don't fuck with him. #BigTechBarons
Jeff Bezos is now up talking up how awesome his Mom and Dad are. #BigTechBarons
"It is still Day One for this country." - Jeff Bezos

That's very much a 'what is good for General Motors is good for America' answer.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Matt Stoller

Matt Stoller Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @matthewstoller

Mar 24
Can we admit Obamacare was a disaster and Obama was a bad President yet? Or are we still pretending that Biden is the problem because he’s not cool? time.com/6279937/us-hea…
If the Rs has an alternative beyond ‘feed sick people into a woodchipper’ they would have implemented it already.
Also the statement ‘we need universal health care’ is answering the wrong question. We need to stop equating health insurance with health care.
Read 6 tweets
Mar 13
1. A lot of people involved in the TikTok debate are saying 'hey but we aren't regulating our own social media firms so going after TikTok is cray cray.' But there is actually a lot Biden is doing to regulate social media and data you just don't know about. So let's take a look. Image
2. First, the Federal Trade Commission has banned Meta from tracking kids and using surveillance advertising to kids, and Meta is in litigation which it is slowly losing.
3. Second, the Antitrust Division has *two* cases where it is seeking to break up Google, and the FTC has an antitrust case where it is seeking to break up Meta and another where it is trying to break up Amazon. All involve heavy use of data.
Read 11 tweets
Mar 5
Here's WH Press Secretary reading out talking points denying the 20% cut to the Antitrust Division budget. It would be nice if more than 5 people in the administration knew anything about the administration's policies.
It’s also nonsense. DOJ number #2 and ex-Apple lawyer Lisa Monaco’s absurd slush fund got a boost of $2 million from six months ago, the Antitrust Division got gutted.

Image
Image
The most charitable reading is they are dumb and don’t care. The least charitable reading is Lisa Monaco is working on behalf of big tech while at DOJ.
Read 7 tweets
Jan 17
Not to get all Will Stancil, but it is weird how little anyone on Twitter wants to give credit to Biden for doing good stuff. Like he cuts overdraft fees and the response is 'More half measures! Yay. I wonder how watered down this will get if it even happens.' It did happen!
I mean @joebiden and @PeteButtigieg preside over the smoothest travel season in a decade after massively punishing Southwest and there's zero interest, even from Buttigieg fans.
@JoeBiden @PeteButtigieg There was so much shit-talking about Biden after he ended a possible rail strike with a promise of getting workers sick days. Union-buster! they said. But he did help get them sick days just a few months later. theguardian.com/business/2023/…
Read 4 tweets
Dec 12, 2023
Media corruption is so obvious. Yesterday there was a historic antitrust win against Google’s monopoly. Does NY magazine cover it? Nope. They release a bad faith hit piece on Lina Khan and anti-monopolists. Image
“fatal to a once-in-a-generation movement to dramatically transform government antitrust policy, for better or worse”

This is literally published 5am the day after Google lost a historic antitrust case.
This story was published literally the day after the FTC’s historic win against a killer acquisition in biotech, where Khan blocked a monopolist charging $750k a year for treatment from wiping out a possible rival.
Read 5 tweets
Dec 1, 2023
This isn't actually wrong. DEI is what a civil rights movement looks like without unions. The ugly truth about racial politics is in the 1970s civil rights leaders gave up on the working class and turned to corporate compliance and 'justice via webinar.'
Sociologist Frank Dobbin wrote up this dynamic in 'Inventing Equal Opportunity,' but he misses the corrupting reality of letting people dispute employer action around narrow identity grievance but under no other terms. press.princeton.edu/books/paperbac…
There has always been a fundamental tension in black politics. Dubois's 'talented tenth' frame is deeply elitist, vs MLK's populist poor people's march. It's no different than every other area of American politics, with a much stronger sense of group identity in black America.
Read 21 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(