Ownership

The package of penalties for Facebook’s past privacy scandals includes a record-breaking $5 billion fine and unprecedented government oversight of its business practices. But a review of the 16-month investigation — described by 10 people familiar with the matter — shows that the Federal Trade Commission stopped short of some even tougher punishments it initially had in mind. Those included fining Facebook not just $5 billion, but tens of billions of dollars, and imposing more direct liability for the company’s chief executive, Mark Zuckerberg.

Let me touch on a few Federal Communications Commission-related issues that may be relevant and hopefully of interest to you. Children’s Television Regulations: We worked with those on either side of the debate to come up with a new framework that  both preserves existing shows for those who watch—no matter how small the audience—and gives stations more flexibility in meeting their requirements, both of which reflect the priorities I laid out when we started this process. Pirate Radio: Expect the FCC to take advantage of new technology to better pinpoint violations.

I strongly oppose the idea of breaking up Facebook. I don’t believe Facebook is a monopoly. The way to keep social media truly competitive is to reinstate net neutrality. That would even the playing field and allow startups to compete on equal footing with giants like Facebook and Google. If internet service providers start charging for special privileges such as internet “fast lanes,” deep-pocketed companies would be able to squeeze out smaller competitors that can’t afford such costs.

The House Judiciary Antitrust Subcommittee grilled executives from Amazon, Apple, Facebook and Google in a hearing as part of their wide-ranging investigation into big tech companies and the threats they may pose to competition.

In this anti-big tech moment, the slogan “break them up” is simple, catchy and has been adopted by some politicians and other observers to capture the emotion of the era. Unfortunately, “breaking up” large tech platforms is often not a good solution to the economic harms created by large firms in this sector. Washington cannot just break up big tech, or any company, solely because it is large or has a high market share.

President Donald Trump appeared to threaten that his administration would “take a look” at Google, opening an investigation into the search giant out of concern that it has been breached by the Chinese government. “Billionaire Tech Investor Peter Thiel believes Google should be investigated for treason. He accuses Google of working with the Chinese Government.” @foxandfriends  A great and brilliant guy who knows this subject better than anyone!

As American regulators and lawmakers intensify their scrutiny of Big Tech, there is a lot of discussion about whether or how they could accuse the companies of violating antitrust law.

At last it’s happening—a growing national discussion about how America’s news and information “industry” is failing to nourish our civic dialogue. It should be something we expect the candidates to discuss—and take a stand on—as the 2020 election campaigns ramp up.

As Facebook prepares for increased competition scrutiny in the US and Europe, its top brass is repeatedly warning lawmakers and regulators that antitrust action could be a distraction from a much bigger threat: China.

About $20 billion worth of wireless airwaves are sitting dormant, public goods whose rights were acquired by Dish, in government auctions over the past decade. Put to use, they could create more competition and supply millions more high-speed connections. To finally unleash those airwaves, the government is being asked to place more trust than ever in Dish and its owner, billionaire Charlie Ergen. Dish is on track to get even more airwaves and other assets in 2019, this time as part of a side deal to T-Mobile’s purchase of Sprint.