Ownership

The Federal Communications Commission announced that Straight Path Communications and Verizon Communications have paid a civil penalty of over $600 million dollars to the US Treasury in connection with a January 2017 settlement that Straight Path entered into with the Commission’s Enforcement Bureau—prior to the sale and transfer of its licenses to Verizon.

Multisided platforms are ubiquitous in today’s economy. Although newspapers demonstrate that the platform business model is scarcely new, recent economic analysis has explored more deeply the manner of its operation. Drawing upon these insights, we conclude that enforcers and courts should use a multiple-markets approach in which different groups of users on different sides of a platform belong in different product markets. This approach appropriately accounts for cross-market network effects without collapsing all of a platform’s users into a single product market.

House Commerce Committee Chairman Greg Walden (R-OR) launched an attack on the market power of large tech companies. "I’m not looking for a lot of regulation, I’m looking for responsibility," Chairman Walden said. "If responsibility doesn’t flow, then regulation will." Chairman Walden raised multiple areas for possible regulation:

A majority of Americans are now concerned that the government won't do enough to regulate how US technology companies operate, according to an Axios-SurveyMonkey poll. Across the board, concern about government inaction is up significantly — 15 percentage points — in the past three months. In a previous Axios-SurveyMonkey poll in November, just after Facebook, Google and Twitter testified before Congress, only about four in 10 Americans were concerned that the government wouldn't do enough to regulate the tech companies. Now that number has jumped to 55 percent.

Sinclair remains locked in a prolonged battle with Justice Department antitrust officials over how many stations it must sell to get their approval to buy Tribune Media. It is latest cloud over Sinclair’s $3.9 billion deal, coinciding with an internal investigation underway at the Federal Communications Commission into the agency’s relationship with the company. At issue is how much power Sinclair, the country’s largest broadcaster, will have over local media markets and national television audiences.

Supreme Court justices wrestled with Microsoft’s dispute with the US Justice Department over whether prosecutors can force technology companies to hand over data stored overseas, with some signaling support for the government and others urging Congress to pass a law to resolve the issue. Microsoft argues that laws have not caught up to modern computing infrastructure and it should not hand over data stored internationally. The Justice Department argues that refusing to turn over easily accessible data impedes criminal investigations.

We’re announcing the Facebook Journalism Project: Local News Subscriptions Accelerator, a $3 million, three-month pilot program in the United States to help metro newspapers take their digital subscription business to a new level. The Accelerator will work with 10-15 metro news organizations to unlock strategies that help publishers build digital customer acquisitions on and off our platform. Participating publishers will convene in-person once a month, receive coaching from digital subscription experts, and participate in weekly trainings covering a broad array of digital subscriptions mar

Google and Facebook aren’t just incredibly profitable tech companies — they are “public goods” with a responsibility to serve the public, says former President Barack Obama. “I do think the large platforms — Google and Facebook being the most obvious, Twitter and others as well, are part of that ecosystem — have to have a conversation about their business model that recognizes they are a public good as well as a commercial enterprise,” the former president said at MIT’s Sloan Sports Conference. “They’re not just an invisible platform, they’re shaping our culture in powerful ways.”

[Commentary] No matter how you look at them, Russia’s Facebook ads were almost certainly less consequential than the Trump campaign’s mastery of two critical parts of the Facebook advertising infrastructure: The ads auction, and a benign-sounding but actually Orwellian product called Custom Audiences (and its diabolical little brother, Lookalike Audiences).

While much of the attention on Samsung’s latest device focuses on its features and functions—display, camera, speakers and that kind of thing—just as important to the nation’s network operators is what kind of network technology is in the S9. That’s because Samsung often leads the way in terms of implementing new wireless network technology. Samsung often builds iterations of its gadgets specific to individual operators in order to accommodate their specific technologies and spectrum bands.