Antitrust

09/16/2021

Steve DelBianco In Politico’s “Rebooting The Silicon Valley & Washington Relationship”

Steve DelBianco
Steve DelBianco President and CEO

Steve DelBianco’s Main Points:

  • There is a lot of uncertainty between Silicon Valley and the State. Industry is aware that tech is being treated as a scapegoat, but what does DC really want from tech policy?
  • It’s clear Chair Khan has a hammer and is just looking for a nail. We need to depoliticize agencies that are in charge of protecting consumers. Congress and the FTC have all the authority they need.
  • The FTC needs clear rules to follow but also needs to follow the right procedure and make sure the public has a say. Currently, the FTC does not get enough public input under Khan.
  • The House Judiciary Committee antitrust package is a trojan horse to push the progressive agenda, comparing it to the CCP’s treatment of China.
  • TikTok has beaten YouTube, Facebook, and Twitter for views and eyeballs. This shows network effects are not prohibitive to join a new social media. You can multi-home your social media presence and interoperability is not the cure-all.
  • Codifying the consumer welfare standard would ensure that antitrust law cannot be politicized to advance other agendas over protecting consumers.
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