Re:Google’s problems are bigger than just the antitrust case
by ocdtrekkie on Thursday July 30, 2020 @04:38PM
(#24002602)
> how can people with no concept of technology legislate it
Here's how I would counter: What many of these Congresspeople understand is business. And these are technology companies, but ultimately, they're companies using illegal business strategies. Congresswoman Jayapal explained for instance, how Google's ad market is effectively an example of insider trading, because Google controlled the buyer side, seller side, and the exchange itself, drawing on her experience with Wall Street. Technology didn't matter there, but business did.
And more intriguingly, the most common response from the tech CEOs there was "I don't know". If there's one really good case for breaking up big tech, it's that nobody running them understands the details of the operation well enough to be responsible for it. Their business models have bad effects on society that their CEOs don't know about. Their businesses make illegal decisions that their CEOs can't vouch for.
Here's how I would counter: What many of these Congresspeople understand is business. And these are technology companies, but ultimately, they're companies using illegal business strategies. Congresswoman Jayapal explained for instance, how Google's ad market is effectively an example of insider trading, because Google controlled the buyer side, seller side, and the exchange itself, drawing on her experience with Wall Street. Technology didn't matter there, but business did.
And more intriguingly, the most common response from the tech CEOs there was "I don't know". If there's one really good case for breaking up big tech, it's that nobody running them understands the details of the operation well enough to be responsible for it. Their business models have bad effects on society that their CEOs don't know about. Their businesses make illegal decisions that their CEOs can't vouch for.
Big tech is a runaway train.