Restricting Mergers and Acquisitions: An Outlook on the Start-up Ecosystem and Innovation

Many lawmakers seem eager to rein in the power of big tech and there seems to be a wide-spread agreement across the political aisle that something needs to be done. Among the proposed remedies is to restrict mergers and acquisitions. In this episode, Jeff Farrah, General Counsel at the National Venture Capital Association, is sharing […]

The Economic Standard: Facebook is Back in Court

In December 2020, the FTC filed an antitrust suit against the tech giant, alleging that Facebook had engaged in anti-competitive behavior and acquired Instagram and WhatsApp to suppress competitive threats. The FTC’s original case against Facebook coincided with a similar antitrust suit from 48 attorney’s general seeking to have the tech giant broken up for […]

The FTC’s Case Against Facebook Explained

Background: Since its creation in 2004, Facebook has become the premier social media networking site with an estimated 200 million users in the United States. As it has grown, antitrust enforcers at the Federal Trade Commission (FTC) and Department of Justice’s Antitrust Division have turned their attention to reigning in the company’s potential influence. In […]

Another Antitrust Bill Misses the Mark

After a quiet couple of months, congressional trustbusters are set to make another attempt to reign in big tech and make it harder for them to provide the substantial consumer benefits consumers are used to. The Open App Markets Act (OAMA), recently introduced by Senators Blumenthal (D-CT) and Klobuchar (D-MN), would fundamentally alter how consumers […]

Outdated Immigration Policies Are Impeding Economic Growth

According to a recent Politico report, U.S businesses have expressed deep concern that outdated and broken immigration laws are “holding them back” from recovering from the COVID-19 pandemic. Let’s Move America Forward (FWD), held a broadly similar assessment, contending that the U.S. needs to double immigration levels to remain globally competitive. Recognizing the importance of […]

Congress Must Avoid Overly Restrictive Facial Recognition Legislation

The House Judiciary Committee recently debated the merits of facial recognition technology and what, if any, action the federal government should take in regulating its use. Both Republicans and Democrats are concerned about the potential for companies and law enforcement to abuse this technology, with Republicans being concerned about it violating constitutional rights and Democrats […]

The Economic Standard: Republicans Should Defend the Consumer Welfare Standard

Over the past month, five Republican lawmakers banded together to form the “Freedom from Big Tech” caucus in the House of Representatives. The stated aim of the caucus is to “rein in Big Tech” through “legislation, education, and awareness.” The caucus reflects a growing concern amongst Republicans of the influence of large tech companies on political discourse. Led by […]

Townhall: It’s Time for Congress to Take Concrete Steps to Protect Consumer Data

According to Security Magazine, there are an estimated 2,200 cyberattacks each day in the United States. That amounts to around 91 attacks every hour or one attack every 39 seconds. In 2020, the average cost of responding to a cyberattack to businesses of all sizes was estimated to be $3.86 million. As our work, school, and healthcare moves online, the […]

New York Is Biting the Hand That Fed It

When New York City confirmed its first case of COVD-19 on March 1, 2020, few could have imagined the wider economic impact the virus would have to the city. By November 2020, it was estimated that 8,333 restaurants had closed their doors, causing over 11,000 hospitality workers to lose their jobs. For restaurants that did […]

Maine’s Facial Recognition Ban Will Make Residents Less Safe

On June 2021, the Maine State Legislature passed L.D. 1585, a bill that would ban most uses of facial recognition technology by public officials. This act, introduced by Rep. Grayson Lookner (D-Portland), is the strictest facial recognition law in the United States. The fact that it was passed unanimously by the State House and Senate, […]