Business

The Facebook antitrust suit is a major assault on entrepreneurs

The new antitrust actions by the Federal Trade Commission (FTC) and several states aimed at breaking up Facebook are being hailed as important for the future of competition. In fact, a victory for the agency could shut off one of the most important incentives that encourage entrepreneurs to compete and innovate.  If the FTC and the states […]

Business COVID 19

The markets are Gambling a Stimulation deal will Eventually get Completed –and Shortly

Here is the internet edition of Bull Sheet, a yearlong day-to-day newsletter about what is happening in the markets. Subscribe to receive it sent directly to your inbox. U.S. stocks are on the upswing again on Wednesday as investors stake Congress might hit a very long anticipated stimulation deal at any stage that week. If it feels […]

Business

EU antitrust chief Vestager gives thumbs Around U.S. crackdown on Facebook

Margrethe Vestager, the European Union’s antitrust chief and scourge of technology giants, also gave her seal of approval to U.S. antitrust actions against Facebook Inc. She advised lawmakers in Brussels the U.S. lawsuit reveals how tech superpowers are facing tougher scrutiny across the globe. Minutes later she talked Thursday, German authorities began a brand new […]

Business

Justice Department to Document landmark Event against Google

{ Even the Justice Department is expected to file a lawsuit Tuesday alleging that Google was abusing its internet dominance in {} investigation to stifle competition and hurt consumers, a individual familiar with the issue told The Associated Press.|} The lawsuit marks the authorities ’s most important action to safeguard competition because its revolutionary case […]

Business

Big Tech’s time is up

House Democrats struck Big Tech with a broadside on Tuesday. A congressional committee took four gleaming Goliaths to task—Amazon, Apple, Alphabet’s Google, and Facebook—in a damning report that accuses the companies of abusing their market power to stifle competition and unfairly reap profits. The 449-page document, which you can read in full here, is the […]