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Matt Stoller Profile picture
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Dec 16 • 3 tweets • 2 min read
And here Mitch McConnell is seeking to protect Google’s and Apple’s ability to block apps on the App Store. twitter.com/i/web/status/1…
Actually it's not clear whether McConnell or Schumer is working to kill the Open App bill. What is clear is Schumer's people are trying to pin this on McConnell. Here's the first tweet, deleted, and cleaned up to the new one.
No one is shutting down the government to protect Apple's control of its app store. Just put the antitrust bills in the end of year package. Relevant legislation #AICOA & #OAMA

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More from @matthewstoller

Matt Stoller Profile picture
Dec 16
1. There's been a lot of work on monopoly power and big tech. Today, whether Congress passes any antitrust legislation is now up to one man. Senate Majority leader Chuck Schumer. mattstoller.substack.com/p/get-antitrus…
2. In May of this year, Schumer made an important and surprising promise. He said he’d hold a vote on some or all of the antitrust legislation that Congress had been working on over the last three years. axios.com/2022/05/19/sco…
3. Since 2019, different committees in Congress have been aggressively looking at two basic monopoly problems. The first was big tech, which the House Antitrust subcommittee investigated in-depth for 19 months. mattstoller.substack.com/p/the-day-big-…
Read 19 tweets
Matt Stoller Profile picture
Dec 13
Listening to the House Financial Services Committee hearing. Not expecting much, @RepMaxineWaters and @PatrickMcHenry have not been skeptical enough towards crypto boosters. And their stablecoin bill isn't good.
Now incoming GOP Chair @PatrickMcHenry is talking up the promise of blockchain and digital assets. Trying to make SBF seem like a one-off. Ok. He's now going after Gensler and says his next two years will be focused on attacking regulators.
I love Rep. Brad Sherman, the only member who for years has wanted to block all investors from putting into crypto. Says SBF isn't a one-off snake.

"Crypto a garden of snakes."
Read 9 tweets
Matt Stoller Profile picture
Dec 12
Sam Bankman-Fried is going to spend a long time in jail. cnbc.com/2022/12/12/ftx…
This false @balajis tweet was eleven days ago. There are a lot of people who had to believe SBF was going to be protected because their narrative relies on a malevolent state. But the state is the good guy this time.
It's amazing how quickly the libertarian arguments disappear when the United States government does important useful government things like arresting white collar criminal Sam Bankman-Fried.
Read 6 tweets
Matt Stoller Profile picture
Dec 9
1. There's been a lot of focus on big tech, Apple, Amazon, FB, and Google. Sometimes Twitter. But one firm has been left out: Microsoft, the original big tech monopolist. Yesterday, the FTC challenged Microsoft's attempt to monopolize video gaming. mattstoller.substack.com/p/ftc-to-block…
2. A year ago, Microsoft announced its $69 billion takeover of video game maker Activision, which makes popular games such as Call of Duty, World of Warcraft, Diablo, and Overwatch. Its rival - Sony - saw its stock plummet. cnbc.com/2022/01/19/mic…
3. The reason is Microsoft is a powerful monopolist with a clear strategy. It doesn't make money in video games. It simply cross-subsidizes a takeover of the space through its monopoly rents in other areas, like Office and Windows. gamespot.com/articles/xbox-…
Read 18 tweets
Matt Stoller Profile picture
Dec 9
Whatever else one can draw from these revelations, it's pretty clear that Twitter is a public utility and that such speech utilities should be transparent about who they ban and restrict.
Obviously it's a huge deal to the right to know they were constrained from speaking so transparency makes sense to them. But for who think these revelations are a nothing-burger, why would you care if everything is transparent?
Being transparent about bans for various infractions would make sense. I don't think anyone would be like 'hey let that guy back on he traffics in child porn' or 'that person constantly breaks copyright laws let him back on.' It's the secrecy that's a big part of the problem.
Read 4 tweets
Matt Stoller Profile picture
Dec 5
Facebook just threatened to remove news from their platforms in the U.S. if Congress actually allows newspapers to form coops to bargain with Big Tech.
Mark Zuckerberg might be focused on the Metaverse but the core Facebook product of political blackmail is still functional.
Facebook is opposing a piece of legislation that would actually force ad monopolists to stop stealing ad money and bargain with newspapers. mattstoller.substack.com/p/should-we-sa…
Read 4 tweets

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