50 States’ Attorneys General Initiate Sweeping Anti-Trust Probe Against Google
A bipartisan group of 50 state and territory attorneys general, led by Texas’s Ken Paxton, initiated a sweeping anti-trust investigation against Google parent Alphabet Inc that, theoretically, could break up the tech giant. The investigation will focus on Google’s influence in searches and in the digital advertising market and to see if the Silicon Valley giant is stifling start-ups, delivering inferior service, and improperly using consumer data. -GEG
Update: During the post-conference Q&A, Paxton revealed that, though their investigation is still in its early days, the AGs have already issued subpoenas related to Google’s digital advertising business.
“If advertising costs are higher…who ends up paying that?” Paxton said.
Asked about coordination with the federal government, Paxton and AG Sean Reyes of Utah, intimated that they had reached out to the FTC but that their response was unsatisfactory.
Washington DC’s AG Karl Racine insisted that their probe wasn’t intended to send a message to Congress, but that the AG’s investigation is an independent action. Later, Paxton said the investigation would be a “very open process” with the states, with each state and the federal government allowed to offer input.
“We’re open to using talent from every office in this country.”
And with that, the AGs ended what was a rather brief Q&A that lasted roughly ten minutes.
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In the latest legal push that could ultimately result in the break-up of one of the world’s largest tech firms, a bipartisan group of more than 40 state attorneys general, led by Texas’s Ken Paxton, will unveil a sweeping anti-trust investigation against Google parent Alphabet Inc.
The anti-trust investigation, which was previewed late last week in a leak to the Wall Street Journal, aims to hold Alphabet accountable for the extreme concentration in the US technology industry. Specifically, the AG’s case will focus on Google’s influence in search and the digital advertising market, and whether the Silicon Valley giant’s overweening influence harms rivals and consumers.
Google CEO: ‘Full Extent’ of Russian Meddling in 2016 Elections Was $4,700 Spent on Ads
Google CEO Sundar Pichai revealed that the “full extent” of so-called Russian meddling that took place on Google in 2016 was $4,700 spent on some digital advertisements. Meanwhile, Google employees and executives contributed $1.6 million to 2016 Democratic presidential candidate Hillary Clinton. Google rigged their search algorithms in favor of Democrats.
A protester dressed as Rich Uncle Pennybags (‘Monopoly Man’) attended the Congressional hearing and said, “Google spent $18-million lobbying politicians in 2017 — more than any other company. In return, Congress abandoned its oversight role and allowed Google to wield monopoly power over every person who uses the internet.” The activist, Ian Madrigal, was formerly named Amanda Weaver and is a strategy director for Revolution Messaging, a firm run by Keegan Goudiss, who was Bernie Sanders’ director of digital advertising during the 2016 election. -GEG
Google CEO Sundar Pichai revealed that the “full extent” of so-called Russian meddling activity that took place on the platform during all of 2016 was $4,700 spent on some digital advertisements.
“Does Google now know the full extent to which its online platforms were exploited by Russian actors in the election two years ago?” Rep. Jerry Nadler, a Democrat from New York and ranking member of the House Judiciary Committee, asked the search engine’s chief executive during Tuesday’s hearing.
Read full article here…
New Amazon Facility to Be Built Near Congress in Order to Influence Lawmakers and Keep Its Monopoly
Jeff Bezos, the founder of Amazon, which is worth $200 billion, made two deals that will net $2 billion in taxpayer-funded subsidies: New York will extend tax breaks of $1.525 billion in exchange for building a large facility and providing 25,000 jobs high-paying jobs, and Virginia offered Amazon $573 million in exchange for a guarantee of 25,000 jobs. In n 2017, Amazon made $5.6 billion in profit and paid zero in federal income tax, and received a $137 million tax refund!
Brian Brenberg, associate professor of business and economics at The King’s College says that Bezos chose Virginia to cozy up to the rule makers in Congress so that they will give him huge tax breaks, which will put Amazon in a position where it can fend off competition for years to come. Bezos has already invested $13 million with 100 lobbyists, and he will have 25,000 new employees in Virginia available as boots on the ground to wield influence in the halls of power. Professor Brenberg says that Bezos’ goal is to stave off competition by writing the regulations, as Amazon depends on political favoritism to stay on top.
Two left-wing Democrats in America’s top media centers just gave away more than $2 billion in tax breaks to the richest of the rich — Amazon.com.
Outside of the gobsmacking hypocrisy coming from the silence over this from the very same Democrats and media outlets that screamed PEOPLE WILL DIE! over President Trump’s across-the-board tax cuts (that benefited all companies and working people equally), this is an almost perfect example of the hideous corporatism that infects all of the Democrat Party and way too much of the Republican Party (the Republican mayor of Arlington, VA, is raising taxes on hotel rooms for Amazon and the state of Tennessee will give away $105 million).
Although Amazon has more than enough money to relocate wherever it wishes, although Amazon straight-up lied about using its vast wealth and this expansion to help people (it was obviously all about soaking taxpayers for as much as possible), the silent hypocrisy from the left and media (it sure helps that Jeff Bezos owns the Washington Post!) when it comes to politicians picking winners and losers, being controlled by Big Money, and what that means to area residents, will continue.
What’s more, how much control will these mammoth new HQs enjoy over its employees, and how will this control affect non-employees (i.e., American citizens) caught in this mammoth land grab?
Amazon Is Set to Control 50% of All E-Commerce in the US, as Sales Rose 30% from Last Year
The company is forecast to hit sales of $258.2 billion by the end of 2018, a roughly 30% increase from the previous year. Amazon captured approximately 44% of the e-commerce market in 2017. Many people, including President Trump, object to Amazon’s advantages from tax loopholes, its special deal with the US Postal Service and hiring foreign workers instead of Americans to save money on labor.
Amazon, the online retailing giant founded by Jeff Bezos, is fast approaching capturing 50 percent of the U.S. e-commerce market, according to data research firm eMarketer.
The company is forecast to hit sales of $258.2 billion by the end of 2018, a roughly 30 percent increase from the previous year. Amazon captured approximately 44 percent of the e-commerce market in 2017. The online retailing giant’s market share dwarfs eBay’s, which currently has around 6.6 percent of all U.S. e-commerce sales. The third is Apple with 3.9 percent and Walmart in fourth places, capturing 3.7 percent of the market.
“Also striking is the fact that Amazon’s marketplace is exploding — the marketplace refers to transactions that take place via third-party sellers, instead of a shopper buying one of Amazon’s in-house brands. Sales generated from the marketplace will be more than double Amazon’s direct sales in the U.S. by the end of the year,” reports CNBC.
Analysts expect Prime Day 2018, scheduled to begin Monday afternoon, will have a major impact on the company’s Q3 sales.
Amazon’s monopolistic dominance across multiple industries and its use of U.S. tax loopholes have drawn ire across the political spectrum, including from President Donald Trump. “I have stated my concerns with Amazon long before the Election,” he tweeted in March. “Unlike others, they pay little or no taxes to state and local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!”
The Dark History Of The Rockefellers And Their Impact On Humanity
James Corbett’s mini-documentary, How Big Oil Conquered The World, reviews the history of JD Rockefeller and his family, including David Rockefeller. JD’s credo was that “competition is a sin”, and this documentary shows how the destruction of competition actually was accomplished – not just in the oil industry – but everywhere Rockefeller money was invested. That includes education, health care, banking, and even the food supply. The goal is to monopolize everything, including life itself. -GEG