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Submitted by Scott Cleland on Fri, 2015-10-09 16:25
U.S. merger review double standards are not smart.
Kudos to Senators Mike Lee and Orin Hatch, and Rep. Blake Farenthold for their leadership and wisdom in advancing the SMARTER Act, H.R. 5402, “Standard Merger and Acquisition Reviews Through Equal Rules.”
Senators Lee and Hatch are right in exposing that there is no good reason for companies to have to confront different standards in enforcing our nation’s laws at the Federal Trade Commission and the Department of Justice. Specifically, Senator Hatch hits the nail on the head in saying, “businesses seeking to merge deserve consistent treatment without regard to which agency decides to review the merger.”
It is common sense that companies in every industry should be able to know in advance what consistent antitrust/competition standard they will face if they decide to merge or acquire.
What is not common sense is that only U.S. communications companies must also suffer a second merger review double standard – the FCC’s Public Interest Test (PIT) for mergers.
Other sectors do not face the redundant burden of securing antitrust agency approval and an additional approval froman independent regulator.
Submitted by Scott Cleland on Wed, 2015-10-07 18:43
Don’t miss the sweeping antitrust, privacy, security, and EU-U.S. Data Safe Harbor ramifications of Google-Android’s power grab and highly-strategic acquisition last week of Jibe Mobile’s “Rich Communications Suite” (RCS), the world’s leading, mobile-carrier, messaging platform/standard.
Simply, Google has just acquired the single missing strategic piece holding Google back from being able to centralize the recording, data transfer and analysis of most global mobile communications like it has already centralized the collection, data transfer, and indexing of the world’s digital information.
Submitted by Scott Cleland on Mon, 2015-09-28 18:13
The U.S. FTC has opened an antitrust probe of Google’s Android mobile operating system per Bloomberg reporting to investigate allegations that Google has anti-competitively limited competitive services on the Google-Android platform and extended its market power by favoring Google services over competitors’.
Top Ten Questions Raised by FTC’s Google-Android Probe
Submitted by Scott Cleland on Wed, 2015-09-23 11:28
The juxtaposition of Google tacitly accusing the EU with “digital protectionism” and “discrimination” as the EU’s Digital Chief, Günther Oettinger, visits D.C. and Silicon Valley, while the Google-created Internet Association this week asks for U.S. protection from ISP “discrimination” in an appeals court brief in support of the FCC’s Open Internet order – exposes exceptional hypocrisy.
Antitrust and privacy regulators around the world weren’t born yesterday. They know Google and its online platform allies want it both ways – manipulating policy to advantage them and disadvantage their potential competitors.
Submitted by Scott Cleland on Fri, 2015-09-11 17:24
Submitted by Scott Cleland on Tue, 2015-09-08 22:27
“Cyber systemic risk” is Internet-driven risk that threatens to destroy the business viability of industry ecosystems.
While cybersecurity risk may be the familiar and recognizable type of cyber systemic risk, it is only recognizable like the tip of an iceberg is recognizable, because most cyber systemic risk lurks well out of view, deep beneath the surface in the ocean of virtual ones and zeros.
“Cyber systemic risk” generally is the Internet version of the financial crisis’ hard lesson of “systemic risk,” where the world learned that risks or disruptions to one or a few financial institutions could cascade to become risks or disruptions to the broader financial ecosystem. That’s because the inherent inter-linkages and inter-dependencies of financial institutions’ debt and liquidity exposed the then underappreciated fragility of the interwoven financial system.
The financial crisis exposed the need and the requirement for corporations to be more vigilant concerning enterprise risk management (ERM). Consequently the next crisis exposing enterprise risk is less likely to happen from a replay of known financial systemic risks, but from new unappreciated or ignored cyber systemic risks.
Cyber systemic risk is arguably more serious than financial systemic risk. That’s because the Internet inherently is: the most inter-linked, inter-dependent, intermediary system ever created; an insecure and un-private system; and more centralized and concentrated at the top than the financial ecosystem.
Submitted by Scott Cleland on Wed, 2015-09-02 11:10
The modern world has never before seen a company with the scale, scope, reach and speed of Google’s business dominance. Expect Google’s antitrust problems to proliferate with its proliferating dominance and abuses.
No other company has ever grown several separate and very different, stand-alone verticals simultaneously, by several hundred million users each, in less than ~three years.
Submitted by Scott Cleland on Fri, 2015-08-21 09:55
The single most important Google accountability article I have ever read, out of the literally ten thousand plus that I have read in my nine years researching Google in depth, is Dr. Robert Epstein’s article in Politico entitled “How Google could rig the 2016 election.”
Anyone, who has any interest in, or concern about, the integrity of elections in democracies in the digital age, and/or Google’s market power over what information people access, must read this article.
Submitted by Scott Cleland on Wed, 2015-08-12 12:40
There is more to learn from the Alphabet-Google restructuring than Google’s PR narratives.
First for those paying close attention, this restructuring and Alphabet branding should spotlight Google’s truly amazing accomplishments to date, and Alphabet-Google’s breathtaking ambitions going forward.
At core this restructuring formalizes Alphabet-Google’s very real transition, from a Gcosytem focus of disintermediating and dominating much of the Internet and tech sectors, to a Gconomy focus of disintermediating and dominating much of the rest of the economy.
Submitted by Scott Cleland on Fri, 2015-07-17 16:23
Why is the world’s leading crusader for openness and transparency so closed and non-transparent?
Why does Google fiercely defend the public’s right to know virtually everything about everyone else, but does not believe the public has any right to know similar things about Google?
Why is Google passionate about discovery of the world’s information, but so fierce in fighting legitimate discovery of Google information?