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Matt Stoller Profile picture
@matthewstoller
Sep 25, 2022 • 6 tweets • 1 min read • Read on X
Make me believe, Tua. I’m not there yet, but I want to be. #FinsUp
Bills will win 37-17
Game is about to crack open for the Bills.
Tua should not be back in this game. Then again, if it’s head injuries we’re worried about, football probably shouldn’t exist.
Right as usual
Are the Dolphins good? I don’t understand.

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More from @matthewstoller

Matt Stoller Profile picture
Jun 10
Obama was a malevolent leader and as a person is a mean spirited greedy narcissist. The authoritarian turn we are experiencing now is directly his doing, though not solely his doing.

So is our gruesomely dishonest conversation on race and identity.
I worked on the financial crisis and I remember hearing from people in the White House mockery of the ‘deadbeats’ who couldn’t pay their mortgages. It’s hard to convey the meanness of the Obama insiders.
Obama used his black identity - an important and positive symbol - to oversee the biggest loss of black wealth in our lifetime, with the support of black voters and leaders. He took the moral currency of the Civil Rights movement and spent it on Wall Street. Now it’s gone.
Read 5 tweets
Matt Stoller Profile picture
Jun 3
1. Since Yglesias won't address the argument @musharbash_b made about housing, I will. His argument is that Texas, which Abundance authors @DKThomp and @ezraklein point to as a model, has the same housing cost inflation they ascribe to blue areas. Why? thebignewsletter.com/p/messing-with… x.com/mattyglesias/s…
2. It's corporate power among homebuilders. Don't just take @musharbash_b word for it, it's a well-known story. Here's a shockingly good CNBC report on how big homebuilders withhold housing supply.
3. This graph from @NewsLambert really tells the story nation-wide. Since 2008, when Lehman Brothers went bankrupt because of zoning policy, 65% of homebuilders have disappeared. And they never returned. Now only the big builders - with huge profit margins - are left. Image
Read 21 tweets
Matt Stoller Profile picture
Apr 14
Mark Zuckerberg is on the stand, the FTC lawyer is grilling him on documents showing the point of the service is to connect to friends. This is about market definition. #ftcvmeta
FTC asks if Meta is still built on a 'social graph,' Zuckerberg says he's not sure what that means but that it's a 'core concept' of Facebook.

"The friend part has gone down quite a bit."

He wants the judge to see TikTok as a rival.
Zuckerberg emphasizes that connecting w/friends and family is important to Facebook but less and less important. This testimony is about showing how Meta is a monopolist in a clear market, social networking services connecting with friends/family.

Here's the judge.#ftcvmeta Image
Read 14 tweets
Matt Stoller Profile picture
Feb 20
The basic problem with America is that nearly all of our major institutions are led by vastly overpaid incompetent greedheads who all have agreed to not snitch on each other. It's easy to explain how to fix it once you get this basic diagnosis. Here are a few ideas.
1) Corporate boards are full of lazy kiss-assers who get $100k to show up to a meeting a few times a year. So how about this? No board members of a company can get paid while there's a strike going on at their company.
2) The Federal Reserve actually runs our economic policy. So how about saying that not all of the Fed board members can be millionaires? Some of them have to be borrowers and not just lenders.
Read 11 tweets
Matt Stoller Profile picture
Jan 26
Deepseek is forcing the entire Silicon Valley ecosystem to recognize that Lina Khan was right, even if they won’t admit it.
Here’s the point. ftc.gov/system/files/f…
American big tech firms are bad at building things because their focus is not on building things, it’s on monopolization and political power. No different than Boeing. This has been obvious for years. thebignewsletter.com/p/national-cha…
Read 4 tweets
Matt Stoller Profile picture
Jan 25
So an insane story by @musharbash_b, a private equity roll-up of fire trucks is why more than half the fire trucks in Los Angeles were out of service during the catastrophic wildfires in the Palisades and Eaton. Image
Link: thebignewsletter.com/p/did-a-privat…
I do a lot on economic termites, this one's a big deal. Cities all over the country have to pay twice as much for fire equipment as they used to because there's now what appears to be some sort of fire equipment cartel. Image
Read 4 tweets

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