Courage to Learn: Google and Facebook
- Google has 94 percent of all general mobile search inquiries.
- Google has 75 percent of the global mobile operating system market share.
- Google has nine products with more than 1 billion users.
- From 2004 to 2014, Google spent at least $23 billion buying 145 companies, including Maps, Analytics, YouTube, Gmail, Android, and, critically, its 2007 purchase of DoubleClick.
- Facebook’s social media market share in the United States jumped from less than 13 percent when Obama took office to more than 70 percent when the administration left office.
- According to 38 state attorneys general, “Facebook has a strong and durable monopoly in the Personal Social Networking Services market that has persisted for nearly a decade.”
- Venture capitalists tend not to fund companies that operate in the similar spaces to Google and Facebook, referring to these areas as “kill zones.” Investments in a market “drop by over 40 percent and the number of deals falls by over 20 percent in the three years following an acquisition” by a tech giant.
- Google and Facebook actively attempt to block innovation that might harm their business; one venture capitalist noted they also limit funding to products that enhance privacy online due to fear of these giants.
- Survey results show Google provided ad services to 86 percent of the sites carrying coronavirus conspiracies.
- Break up dominant platforms by expanding existing antitrust suits, passing stronger antitrust legislation, banning mergers by dominant corporations, and engaging in regulatory and statutory changes to explicitly break up platforms.
- Implement non-discrimination rules, such as bans on self-preferencing, as well as interoperability requirements and equal treatment for terms and services.
- Ban targeted ads through new rulemakings or through targeted reforms of Section 230 of the Communications Decency Act.
- Ban platforms from entering financial services and end local tax subsidies for platform facilities.
- “Why Google Dominates Advertising Markets” by Dina Srinivasan, December 2019
- “Ending Our Click-Bait Culture: Why Progressives Must Break the Power of Facebook and Google” by Matt Stoller, Sarah Miller & Zephyr Teachout, April 2020
- “Investigation of Competition in Digital Markets,” U.S. House of Representatives Subcommittee on Antitrust, Commercial & Administrative Law of the Committee on the Judiciary, October 2020