When Paul Romer expresses an opinion, it is always worthwhile to listen because it is always well-considered. In an opinion piece in the New York Times, he puts forward a proposal to restore what he terms is the “public commons” of the provision of information in support of democracy.
This week saw the launch of a new podcast startup, Luminary. With $100 million in the bank and podcasters like Trevor Noah and Adam Davidson signed up, they are hoping to become the Netflix of Podcasts. To access that content costs $7.99 but the content is ad-free. They had a post on Twitter proclaiming that “podcasts don’t need ads.”
That is the question that Dina Srinivasan answers in the affirmative in her paper “The Antitrust Case Against Facebook.” This is an interesting set of issues because, frankly, my observation is that Facebook, while having a dominant position in social media (which is not an antitrust violation) had not violated antitrust law getting to that position and did not appear to b
A couple of days ago, Spotify announced it was pushing the European Commission to investigate Apple’s app store practices. They claimed that Apple was discriminating against them (and presumably other streaming services) on account of their own competing Apple Music service. Spotify claimed they had to pay Apple 30 per cent of their revenue which was a ‘cost’ that Apple Music didn’t have to bear.
There are many people wanting to unroll past tech acquisitions. Others certainly would advocate doing it differently if there was another chance.
I don’t mean to be spending time critiquing Elizabeth Warren per se, I kinda like most of her policies but this antitrust stuff is just crazy.
Elizabeth Warren wants to break up Facebook, Amazon and Google. Why?
Today internet infrastructure encompasses root servers, broadband lines, routers, content delivery net-works, cloud storage and cellular towers. Broadly construed, these physical assets perform two related and essential services for the modern digital economy. Infrastructure acts as an intermediate input for the production of many services by firms and it acts as an intermediate input into the delivery of access and related services to the internet for households.
By Thomas Hubbard.
I learned this morning that Harold Demsetz passed away last week. He was 88.
From its very early days, one of the main areas where blockchain enthusiasts argued there was potential for radical innovation was in the ability of the technology to house smart contracts. The Ethereum network was designed with this in mind: to be a distributed ledger with a ‘Turing complete’ virtual machine on top of it.