From “FTC Expands Antitrust Investigation Into Big Tech” ($) in Wednesday’s Wall Street Journal:
Sen. Richard Blumenthal (D., Conn.), a critic of big tech companies, said he welcomed the FTC study, but warned that “it’s no substitute for action.”
“It has been clear for a decade that Big Tech is stifling innovation through its catch-and-kill tactics and unfettered market dominance,” he said in a statement. “Every time that Google, Amazon, Apple, and Facebook acquire the latest cutting-edge artificial intelligence startup, innovative wearable device or emerging social network, they irreversibly squash another generation of novel competitors that could benefit consumers and bolster our nation’s technological advancement.”
My take: A senior senator who voted to remove an impeached president has found common ground with the president’s Federal Trade Commission over Apple. How ironic.
See also: Toward a new theory of antitrust