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These companies need to be broken up, and regulated as utilities where they are not broken up. This particular collusion isn’t the only issue. The real issue is
by throwawaysea 5y ago
These companies need to be broken up, and regulated as utilities where they are not broken up. This particular collusion isn’t the only issue. The real issue is that collusion is a symptom of extreme market power that distorts society in many different ways. It prevents competition, hurts customers (for example undermining privacy laws), and undermines our basic values (for example most of societal speech takes place on their private platforms). Clarence Thomas and others were right about applying common carrier regulation to social media. But for things like ads collusion or illegal hiring agreements or whatever, the fix is simply to break them up due to their size. Companies that are worth hundreds of billions of dollars are simply too big.