Another antitrust lawsuit for Zuckerberg. The Federal Trade Commission (FTC) is suing to stop Facebook parent-company Meta from acquiring the virtual reality company Within Unlimited. Meta has been betting big that virtual reality (V.R.) and augmented reality (A.R.) will finally have their day, pouring billions of dollars into the “metaverse.” Within makes a popular V.R. […]
This administration can’t make up its mind about alcohol. Sometimes it brags that the industry is thriving. Sometimes it acts like the business needs a government intervention. Last year President Joe Biden issued a far-reaching executive order that, among other things, ordered the Alcohol and Tobacco Tax and Trade Bureau to investigate anti-competitive issues in […]
Americans have different priorities than lawmakers when it comes to tech regulation. People don’t want to see Congress use antitrust law against big tech, according to a new poll from AXIS Research. Tech regulations, in general, are low on people’s list of things the government should prioritize. Only 1 percent of voters surveyed said it […]
Always beware of the name given to a piece of legislation. It rarely describes accurately the likely impact of enacting a bill. In fact, statutes often do the opposite of what their names suggest. Take Sen. Amy Klobuchar’s (D–Minn.) proposed legislation named the American Innovation and Choice Online Act. While everyone likes more choice and […]
No living American journalist has a fiercer reputation for independence—and invective—than Glenn Greenwald. The Pulitzer Prize winner helped break the Edward Snowden revelations, was once threatened with jail time by Brazilian President Jair Bolsonaro, and was part of the team that launched The Intercept in 2014 before resigning six years later, claiming his colleagues were […]