Today is an enormous win for the rule of law, fair and open markets, and American democracy.

@NewYorkStateAG, along with 47 state and territorial AGs and (finally!) the @FTC, has filed an open-and-shut case to #BreakUpFacebook and restore fair competition in digital markets.
2/ This comes on the heels of @RepCicilline’s historic investigation into Facebook and other platforms’ monopoly power.

Amazingly, breaking up (and regulating!) Facebook to protect democracy and commerce from its broad range of harms was seen as fringe back in 2018.
3/ That’s why we launched @FreedomFromFB — to mainstream the notion that maintaining the status quo, in which one enormous monopoly controlled online communications to serve its own profit motives, was actually the extreme position.
4/ We found willing partners in a diverse set of national and grassroots groups — including @demandprogress, @afa_cwa, @Public_Citizen, @artistrightsnow, and @SumOfUs — and relentlessly drove a narrative around the need to break up Facebook to protect democracy.
5/ We published a full page ad in the MIT student paper while Sheryl Sandberg was giving a commencement speech highlighting Facebook’s monopoly power and social destruction:
foxnews.com/tech/facebook-…
6/ We ran numerous digital ad campaigns, pushed members of Congress to haul in Zuckerberg & Sheryl and grill them on Facebook’s monopoly power, and talked with reporters hundreds of times, garnering headlines like these:
nytimes.com/2018/06/05/opi…
7/ We put on our lawyer hats and filed a legal complaint with the @FTC:
cnet.com/news/investiga…
8/ We even flew a plane (twice!) over Facebook HQ with a “You Broke Democracy” banner, which you can read about in the @NewYorker:
newyorker.com/magazine/2018/…
9/ And pretty soon…
10/ All of this was complemented by incredible intellectual and advocacy work from colleagues too numerous to name.

@matthewstoller and @ZephyrTeachout wrote prolifically on the need to focus on Facebook’s power and business model.
thedailybeast.com/facebook-cant-…
11/ @Sally_Hubbard kept the drumbeat up.

cnn.com/2019/01/02/per…
12/ @chrishughes pushed the debate into a new phase literally overnight.
nytimes.com/2019/05/09/opi…
13/ @BrandingBrandi was out in front connecting Facebook’s monopoly power with its civil rights abuses.
protocol.com/color-of-chang…
14/ @chesterj1 sounded the alarm in real time against Facebook’s anti-competitive acquisitions while regulators looked the other way.

wired.com/2016/08/whatsa…
15/ The legal and intellectual work of @superwuster, @FrankPasquale, @DinaSrinivasan, and Barry Lynn were essential to arriving at this moment.
papers.ssrn.com/sol3/papers.cf…
16/ And @linamkhan's original Yale Law Journal article on platforms & antitrust created space and coherence for using antitrust to address harms deriving from “free” services like Facebook in the first place.
yalelawjournal.org/note/amazons-a…
17/ Since launcing @econliberties in February, we’ve made explaining how Facebook’s harms hinge on its monopoly power over digital advertising.

We’ve kept it simple and to the point:
economicliberties.us/our-work/econo…
18/ And taken deep dives:

economicliberties.us/our-work/addre…
19/ And put it in a local context:

economicliberties.us/our-work/close…
20/ And helped to convene an incredible, growing movement to make the case for breaking the power of Facebook, rather than solely trying to regulate its behavior:
economicliberties.us/event/breaking…
21/ @RepCicilline’s historic investigation, the DOJ antitrust suit against Google, & today’s AG and FTC cases against Facebook all send a message the country is desperate to hear: even the world’s most powerful corporations are no longer above the law.
ag.ny.gov/press-release/…
22/22 So much work remains to address America’s concentration crisis, but today we are so grateful for the growing number of leaders who are “leaning in” to address it. 🙂
democracyjournal.org/magazine/end-m…

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More from @sarahmillerdc

11 Apr
Democracy is dying one newsroom at a time.

Facebook and Google’s advertising monopolies and business models are the biggest reason why.

We need to galvanize a bigger, broader movement to save journalism, folding this fight other efforts to protect democracy from autocracy. 1/
That involves understanding how journalism is financed, and how that financing is shaped by policy.

Many of us think we know what happened — journalism is no match for the innovative Internet!

Only charity can save it now.

But that’s what FB and Google want you to believe. 2/
Today, with my @econliberties colleagues @matthewstoller and @ZephyrTeachout, I published a short paper that tells the story of the slow-motion collapse of journalism.

We tell it through the choices policymakers made as FB and Google monopolized advertising markets. 3/
Read 6 tweets
25 Mar
1/ The Senate bill is STILL not public but we do know one thing:

This reckless, rushed deal is going to make corporate concentration worse – and that hurts ALL of us.
2/ Concerned about small businesses right now?

Corporate concentration is KILLING them. New biz creation is at a 40-year low. And the # of store closings reached a record in 2017 and AGAIN in 2019.

We have a NEGATIVE start-up rate.
3/ Care about inequality? Concentration is making it worse.

Workers are sharing in fewer profits today than they were 30 yrs ago even though corporations are making $14k MORE in profit per worker.
Read 13 tweets

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