Thursday, May 28, 2020

It is also about money!

Sundance in the Conservative Treehouse points out that the DOJ's winning argument against Google, Twitter, and other big tech companies will be about money!
The methods, practices, and purposeful control of value; through a collusion of corporate interest specific to a planned and organized effort to control monetary benefit; is the part of their activity that is quantifiable, discoverable, easily provable, and ultimately unlawful.

The financial distortion of internet commerce is the crack in the Big Tech stranglehold that affords the DOJ the opportunity to step in. Google (and all subsidiaries) will lose on the substance of their defense because ultimately their business practice has resulted in, and arguably they have engaged in, price-fixing.

It will take time, but eventually they will settle; and there will likely be a massive financial settlement in addition to a negotiated Consent Decree. Within the CD terms, we may even see a break-up.

The antitrust action is only tangentially related to the current POTUS confrontation with Twitter and big tech social media based on ideological lines. However, it is easy to see how the two issues will merge. The monetary distortions are based on ideology.

As soon as the DOJ takes action Silicon Valley will hold an even larger self-interest in the 2020 election outcome; and they will respond accordingly.
Read more here.

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