Publications

Take on Big Tech: Promoting Competition

By The New Center — May 8, 2019

In the absence of serious anti-competitive scrutiny, big tech companies achieved total dominance of their respective markets and we're starting to see the consequences. It's time to re-evaluate American antitrust regulation for the information age.

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OVERVIEW

Our Solutions In Brief

1. A Re-evaluation of the Consumer Welfare Standard

Re-evaluate antitrust law with a consideration for how technology companies can use troves of data and massive networks to gain unfair competitive advantages and establish barriers to entry.

2. Better Laws and New Legislation

Allow the Federal Trade Commission (FTC) to issue trade rules under the guidelines of the Administrative Procedure Act.

3. Better Enforcement Capabilities for the FTC

Consider how proposed changes to intermediary liability laws could further diminish competition among tech platforms.

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Facts At-A-Glance

90%

of internet search is controlled by Google
94%

of social media users have a Facebook property account (e.g. Instagram, WhatsApp, etc.)
49%

of all online commerce is handled by Amazon