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Nov 30 • 4 tweets • 2 min read
So excited to show off our #SpotifyWrapped for 2022!

We've had @linakhanFTC, @JusticeATR AAG Kanter, and @chopracfpb on repeat all year long.👏

Here's some of their greatest hits.🧵👇 Image

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More from @econliberties

American Economic Liberties Project Profile picture
Dec 1
🚨 NEWS: Kroger just reported a *MASSIVE* $3.7 billion in operating profits this year.

That's a 37% increase over 2021!
ir.kroger.com/CorporateProfi… twitter.com/i/web/status/1…
While Kroger is jacking up prices, they're also trying to merge with one of their biggest rivals. Albertsons.

As with most cases of consolidation in retail, this is a bad deal for consumers, workers, and communities. @sarahmillerdc put it well in @nytimes: Image
@sarahmillerdc @nytimes 60% of grocery sales are already concentrated among 5 national chains. Kroger and Albertsons are two of those players.

This merger would be disastrous for market competition, small businesses, and especially -- consumers' pockets.
bloomberg.com/news/articles/…
Read 4 tweets
American Economic Liberties Project Profile picture
Nov 3
NEW: Live Nation-Ticketmaster reports record-breaking earnings this quarter.

They're raking in cash at the expense of fans, artists, and everyone who ACTUALLY makes live events special.

Wonder why that hasn't made it into the report.
actionnetwork.org/letters/tell-t…
After a summer of price gouging fans, Live Nation-Ticketmaster is on track to have its most profitable year ever.

Total revenue for 2022 is $12.3B so far, which is 43% higher than what it was at this time in 2019, their pre-pandemic year and most-profitable on record.
Don’t believe the analyst jargon. There’s only ONE reason that Live Nation-Ticketmaster reported these massive earnings this quarter: monopoly power.

Thanks to the Live Nation-Ticketmaster merger of 2010, they've had free rein to dominate the live events market.
Read 5 tweets
American Economic Liberties Project Profile picture
Nov 2
NEW: As of today, over 10,500 people from across the country have sent letters to @JusticeATR urging them to #BreakUpTicketmaster.🔨🎟️

As we hit this exciting milestone, here’s a recap on why we launched this campaign, and what we hope it will achieve.
msn.com/en-us/music/ne…
Some background: Thanks to a merger with Live Nation in 2010, Ticketmaster has almost total control over live music & sporting events.

With that power, they rip off fans, short change artists, & strong-arm venues.

@KristaKBrown & @FreedZach have more.👇
economicliberties.us/our-work/how-a…
That’s why you’re stuck with more junk fees, secondary markets, price-gouging, and every facet of awful service.

Here’s @doctorow and @MorePerfectUS laying out the full story.
Read 9 tweets
American Economic Liberties Project Profile picture
Oct 19
BIG: We’re launching a campaign to #BreakUpTicketmaster w/ @fightmonopolies, @MorePerfectUS, @sportsfanorg, @FanFreedom, @ConsumerFed, @artistrightsnow, & @ncl_tweets.

Has your ticket buying experience been hell lately? Our campaign lays out why — and how you can take action.🧵 Image
2/ The campaign features a new Quick Take from @KristaKBrown and @FreedZach that provides the nitty gritty on the @Ticketmaster-@LiveNation merger. 📃
3/ Next is a NEW video from @MorePerfectUS, featuring @doctorow, that breaks down how Ticketmaster has weaponized its market power to bully its way to dominance.

Watch it here.⬇️
Read 11 tweets
American Economic Liberties Project Profile picture
Oct 18
ICYMI, last Friday was @FTC Commissioner Noah Phillips’ last day at the agency.

But on Monday, law firm @Cravath — which has represented Amazon, Facebook & more — announced he’s joining the firm as antitrust practice Co-Chair.

This won't surprise anyone paying attention.
2/ During his tenure, Phillips almost always sided with Big Tech companies and corporations — even against bipartisan consensus.

Here’s some of those votes — and what R’s should know before nominating someone else. (h/t @RevolvingDoor) 🧵👇
therevolvingdoorproject.org/foia-request-i…
3/In December 2020, Phillips was the only Commissioner to not sign onto a study into Big Tech’s privacy practices.

The study didn’t even imply foul play, it was just a basic look into how Big Tech handles our data. He voted no.
thehill.com/policy/technol…
Read 8 tweets
American Economic Liberties Project Profile picture
Jul 11
1/ We often hear how government and politics are dysfunctional, rife with lobbyist control. But in one area - competition policy to deal with corporate power - things are quietly going…well. Follow along as we try to convince you. 🧵 economicliberties.us/press-release/…
2/ One year ago, @POTUS rightly acknowledged that the past 40 years of encouraging monopoly power has been a terrible error.

Emphasizing small business, workers, and consumers, he gave the most significant speech on monopolies by a US President since FDR.
3/ Biden then issued an executive order on competition, stating that dealing with corporate power isn’t just for the antitrust agencies but was a job for agencies all across the government.
whitehouse.gov/briefing-room/…
Read 26 tweets

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