4 ms·

I work in ad-tech and let me tell you all these wall gardens are so arrogant that they create their own metrics for measurement and bully industry (especially m

I work in ad-tech and let me tell you all these wall gardens are so arrogant that they create their own metrics for measurement and bully industry (especially marketers to follow them). I strongly believe only way to bring these mega companies to senses and rein in on their arrogance by trust busting and creating level playing field for competition. We need DOJ and anti-trust into big 3 oligopoly (GOOG, FB, AMZN) to crack down on them. They are too big for small players to compete.

adtac 8y ago
I'm just wondering, at how many companies does a oligopoly become a healthy, competitive environment?
- TeMPOraL 8y ago
  It's context-dependent. Sometimes 10, sometimes 50. But definitely not 3.
- lmm 8y ago
  I once saw an economics paper that used a simple model and showed that when the top 4 companies in a given industry controlled more than 60% of the market they would naturally behave like a cartel even if they weren't coordinating. So that's probably the tipping point.
  - maxwell 8y ago
    Interesting, I'd love to see the source if you can find it.
monochromatic 8y ago
>I work in ad-tech You just lost literally all of the default credibility that arbitrary humans get.
- deleted 8y ago
  [deleted]
- dang 8y ago
  Personal attacks will get you banned here, regardless of how strongly you feel about ads or anything else. Please don't do this again. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
  - monochromatic 8y ago
    Sorry about that. I had a few drinks in me. Thanks for trying to keep this place civil.
maxwell 8y ago
For anyone in the U.S. who feels similarly, I urge you to write to the FTC and your representatives, and specifically: 1) Call for abandoning the "Consumer Welfare Standard" 2) Enumerate how the Tech Tyrants have negatively affected the competitiveness of companies/projects you've worked on (M&A, canceled products, vaporware, embrace and extend, pricing changes, etc.) http://rooseveltinstitute.org/consumer-welfare-standard-outdated-holdover-discredited-economic-theory/ http://rooseveltinstitute.org/consumer-welfare-standard-outd... https://medium.com/@CDisrupted/does-the-consumer-welfare-standard-still-protect-competition-dc7d4a6b72de https://medium.com/@CDisrupted/does-the-consumer-welfare-sta... http://rooseveltinstitute.org/effective-competition-standard/ http://rooseveltinstitute.org/effective-competition-standard... Big Tech is lobbying hard to retain the "Consumer Welfare Standard", which they rely on for anti-trust evasion: https://itif.org/publications/2018/10/04/why-consumer-welfare-standard-should-remain-bedrock-antitrust-policy https://itif.org/publications/2018/10/04/why-consumer-welfar... https://www.seattletimes.com/opinion/dont-damage-our-democracy-by-breaking-up-big-tech/ https://www.seattletimes.com/opinion/dont-damage-our-democra...

adtac 8y ago

I'm just wondering, at how many companies does a oligopoly become a healthy, competitive environment?

TeMPOraL 8y ago
It's context-dependent. Sometimes 10, sometimes 50. But definitely not 3.
lmm 8y ago
I once saw an economics paper that used a simple model and showed that when the top 4 companies in a given industry controlled more than 60% of the market they would naturally behave like a cartel even if they weren't coordinating. So that's probably the tipping point.
- maxwell 8y ago
  Interesting, I'd love to see the source if you can find it.

monochromatic 8y ago

>I work in ad-tech You just lost literally all of the default credibility that arbitrary humans get.

deleted 8y ago
[deleted]
dang 8y ago
Personal attacks will get you banned here, regardless of how strongly you feel about ads or anything else. Please don't do this again. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- monochromatic 8y ago
  Sorry about that. I had a few drinks in me. Thanks for trying to keep this place civil.

maxwell 8y ago

For anyone in the U.S. who feels similarly, I urge you to write to the FTC and your representatives, and specifically: 1) Call for abandoning the "Consumer Welfare Standard" 2) Enumerate how the Tech Tyrants have negatively affected the competitiveness of companies/projects you've worked on (M&A, canceled products, vaporware, embrace and extend, pricing changes, etc.) http://rooseveltinstitute.org/consumer-welfare-standard-outdated-holdover-discredited-economic-theory/ http://rooseveltinstitute.org/consumer-welfare-standard-outd... https://medium.com/@CDisrupted/does-the-consumer-welfare-standard-still-protect-competition-dc7d4a6b72de https://medium.com/@CDisrupted/does-the-consumer-welfare-sta... http://rooseveltinstitute.org/effective-competition-standard/ http://rooseveltinstitute.org/effective-competition-standard... Big Tech is lobbying hard to retain the "Consumer Welfare Standard", which they rely on for anti-trust evasion: https://itif.org/publications/2018/10/04/why-consumer-welfare-standard-should-remain-bedrock-antitrust-policy https://itif.org/publications/2018/10/04/why-consumer-welfar... https://www.seattletimes.com/opinion/dont-damage-our-democracy-by-breaking-up-big-tech/ https://www.seattletimes.com/opinion/dont-damage-our-democra...