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10Professor Who Coined Term 'Net Neutrality' Thinks It's Time To Break Up Facebook (theverge.com) null/SLASHDOT/0102640274 70\r
2i Thursday September 06, 2018 @11:30PM (BeauHD)\r
3i from the easier-said-than-done dept.\r
4i\r
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5i [1]pgmrdlm shares a report from The Verge:\r
6i \r
7i > Best known for coining the phrase "net neutrality" and his\r
8i book The Master Switch: The Rise and Fall of Information\r
9i Empires, Wu has a new book coming out in November called\r
10i [2]The Curse of Bigness: Antitrust in the New Gilded Age . In\r
11i it, he argues compellingly for a return to aggressive\r
12i antitrust enforcement in the style of Teddy Roosevelt, saying\r
13i that Google, Facebook, Amazon, and other huge tech companies\r
14i [3]are a threat to democracy as they get bigger and bigger .\r
15i "We live in America, which has a strong and proud tradition of\r
16i breaking up companies that are too big for inefficient\r
17i reasons," Wu told me on this week's Vergecast. "We need to\r
18i reverse this idea that it's not an American tradition. We've\r
19i broken up dozens of companies."\r
20i \r
21i >\r
22i \r
23i > "I think if you took a hard look at the acquisition of\r
24i WhatsApp and Instagram, the argument that the effects of those\r
25i acquisitions have been anticompetitive would be easy to prove\r
26i for a number of reasons," says Wu. And breaking up the company\r
27i wouldn't be hard, he says. "What would be the harm? You'll\r
28i have three competitors. It's not 'Oh my god, if you get rid of\r
29i WhatsApp and Instagram, well then the whole world's going to\r
30i fall apart.' It would be like 'Okay, now you have some\r
31i companies actually trying to offer you an alternative to\r
32i Facebook.'" Breaking up Facebook (and other huge tech\r
33i companies like Google and Amazon) could be simple under the\r
34i current law, suggests Wu. But it could also lead to a major\r
35i rethinking of how antitrust law should work in a world where\r
36i the giant platform companies give their products away for\r
37i free, and the ability for the government to restrict corporate\r
38i power seems to be diminishing by the day. And it demands that\r
39i we all think seriously about the conditions that create\r
40i innovation. "I think everyone's steering way away from the\r
41i monopolies, and I think it's hurting innovation in the tech\r
42i sector," says Wu.\r
43i \r
44i \r
45i \r
46i [1] https://slashdot.org/~pgmrdlm\r
47i \r
48i [2] https://www.amazon.com/Curse-Bigness-Antitrust-New-Gilded/-\r
49i dp/0999745468\r
50i \r
51i [3] https://www.theverge.com/2018/9/4/17816572/tim-wu-facebook-\r
52i regulation-interview-curse-of-bigness-antitrust\r
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