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Matt Stoller Profile picture
@matthewstoller
Jul 29, 2020 • 3 tweets • 2 min read • Read on X
This line of questioning from @RepValDemings on the combining of user profiles of Google and DoubleClick against what they promised in 2007/2008 is *incredibly important.* #BigTechBarons
This is a big deal, @RepValDemings putting Sundar Pichai on the spot over Google's choice in 2016 to fulfill its bait and switch strategy. I hope European regulators reviewing the Google-Fitbit deal are listening. #BigTechBarons
Show me the last time a journalist put any CEO on the spot the way @RepValDemings just did, let alone four the most powerful men in the corporate world. #BigTechBarons

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More from @matthewstoller

Matt Stoller Profile picture
Jul 25
Democratic Silicon Valley billionaire Reid Hoffman gives $7m to Harris, immediately demands she fire FTC Chair Lina Khan.
Donor or owner? LinkedIn founder Reid Hoffman thinks he owns Kamala Harris. Imagine giving $7 million and then publicly demanding a total reversal of tough on corporate crime policies. Harris took the money, she needs to repudiate this.
LinkedIn founder Reid Hoffman also seems to think Harris will reverse the Biden tariffs because they are bad for business. Big money demanding their puppets dance is actually authoritarian.
Read 11 tweets
Matt Stoller Profile picture
Jul 12
Neoliberalism doesn't mean being anti-government or for the free market or for or against welfare, it is a specific form of statecraft that uses financial markets as a veil to disguise governing policies.
Neoliberalism means organizing state policies by making them appear as if they are the consequences of depoliticized financial markets. It means moving power from public institutions to private ones, and allowing governance to happen through concentrated financial power.
Actual open markets for goods and services tend to disappear in neoliberal societies. Financial markets flourish, real markets morph into mass distribution middlemen like Walmart or Amazon or PBMs.
Read 8 tweets
Matt Stoller Profile picture
Jul 9
House Energy and Commerce Committee hearing starting with Lina Khan testifying. Republican @RepGusBilirakis is blasting Khan for releasing a report on PBMs and saying she's terrifying 'innovators.' energycommerce.house.gov/events/innovat…
So Republican @RepArmstrongND knows Khan is doing an excellent job consistent with his priorities on big tech but lies about it because that's what you do when you're a Republican and someone actually governing is in front of you.
@RepArmstrongND Finally a Republican who opposes PBMs is not being partisan! @RepLarryBucshon asks a useful question about how pharmacy benefit managers hide money in Switzerland and Ireland.
Read 12 tweets
Matt Stoller Profile picture
Jul 2
The Supreme Court's Loper Bright decision just overturned a case in which Biden was trying to deport an immigrant found guilty of aggravated child abuse.

Fun times. Image
The Supreme Court's Loper Bright decision just vacated a decision saying a small solar panel plant gets to sell electric power to big utilities. Image
The Supreme Court's Loper Bright decision just vacated in which the IRS denied a whistleblower a reward even though his information had led to the recovery of millions of dollars. Image
Read 6 tweets
Matt Stoller Profile picture
Jun 30
1. There are four parts to the Democratic Party, and only one matters right now. There are media Dems, policy Dems, donor Dems, and regular Democrats. Only the regulator Democrats matter. Who are they? They are the electeds, unions, black preachers - those who deal with voters.
2. Each has their role. Media Dems communicate the message. That's the NYT and Washington Post, MSNBC, black radio, etc. Most deny they are partisan but sure Jan and all that. They want Biden to step down.
3. Policy Dems think about governing. That's progressive think tanks, law firms, corporate lobbyists. Donor Dems think about money and access. That's everyone from billionaires in Silicon Valley to 'ladies who lunch.'
Read 10 tweets
Matt Stoller Profile picture
Jun 27
1. Let's talk economic termites, the companies you don't notice, but behind the scenes overcharge you in ways you don't see. Today we're going over CDK Global, a software company that raises the price of cars. thebignewsletter.com/p/economic-ter…
2. CDK Software is business software for auto dealers, managing service, parts and inventory, vehicle financing, accounting, payroll, insurance information, customer information, etc. 15,000 auto dealers use it nationwide. thebignewsletter.com/p/a-supreme-co…
3. Though it's business software, the price gets added to the cost of your car. A small dealership pays $150,000 per year, mid-size dealership groups (5 to 10 stores) pays $1,500,000 or more per year, and large dealerships pays $5,000,000 per year.
storage.courtlistener.com/recap/gov.usco…
Read 23 tweets

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