Matt Stoller

@matthewstoller
591 Followers
210 Following
13 Posts

Hi. I work at the American Economic Liberties Project.

Also, I wrote the book Goliath, and I write a monopoly-focused newsletter BIG: http://mattstoller.substack.com

In the omnibus, antitrust enforcement in rural America - oversight of Packers and Stockyards Act - got a boost of $5 million, which is a 25% bump from its budget of $24 million. https://www.appropriations.senate.gov/imo/media/doc/Division%20A%20-%20Agriculture%20Statement%20FY23.pdf
A powerful statement by the Federal Trade Commission. Epic Games - the creator of Fortnite - was subject to a half a billion dollar fine and significant remedial action for helping predators exploit kids through their video game system. https://www.ftc.gov/news-events/news/press-releases/2022/12/fortnite-video-game-maker-epic-games-pay-more-half-billion-dollars-over-ftc-allegations
Fortnite Video Game Maker Epic Games to Pay More Than Half a Billion Dollars over FTC Allegations of Privacy Violations and Unwanted Charges

The Federal Trade Commission has secured agreements requiring Epic Games, Inc., creator of the popular video game Fortnite, to pay a total of $520 million in relief over allegations the company vio

Federal Trade Commission
Musk just said Twitter was near bankrupt in May. It's hard to see how it is any closer to solvency now, considering Musk just added $13B in high cost debt to the firm. Sure he took out some of the cost structure by firing thousands of people, but added that back in and then some with the borrowings.
And Musk has already reversed the policy barring linking out to rivals.