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Will “Portfolio Primacy” Throw a Monkey Wrench in Elon Musk’s Plans to Acquire Twitter?

The SEC's definition of fiduciary duty allows institutional shareholders to vote against Elon Musk's Twitter takeover bid thanks to portfolio primacy.
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Nobel Laureate Oliver Hart on Empowering Twitter’s Shareholders

In an interview with ProMarket, Nobel laureate Oliver Hart explains why broadening our perspective on fiduciary duty beyond maximizing shareholder wealth could...
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How Twitter Weakened India’s Information Ecosystem

India’s Covid-19 crisis is a reminder that Indian democracy is also in a crisis, partly due to an information ecosystem where facts...
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Antitrust at CPAC: Conservatives Debate Breaking Up Big Tech

Speaking at the 2021 Conservative Political Action Conference, Congressmen Darrell Issa and Ken Buck discussed their stances on breaking up Big Tech,...
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The Great Deplatforming: Can Digital Platforms Be Trusted As Guardians of Free Speech?

Online social media platforms accepted the role of moderating content from Congress in 1996. The Great Deplatforming that occurred after January 6...
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Digital Platforms May Be Monopolistic Providers, But They Are Not Infrastructure

Social media platforms are not infrastructure nor natural monopolies, and they should be regulated only if they have monopolistic power and abuse...
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The Silent Coup

President Donald Trump's seditious actions are exposing the political power that Twitter, Amazon, Google, Apple, and Facebook enjoy. Banning him from their...
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“A Loaded Weapon”: Francis Fukuyama on the Political Power of Digital Platforms

In an interview with ProMarket, Francis Fukuyama discusses the political threat posed by digital platforms and why he believes a “middleware” solution...
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Is Twitter’s Policy Silencing Public Debate or Preventing Disinformation? Or Both?

Last October, Twitter banned political ads from its platform in an attempt to prevent disinformation campaigns and electoral interference. There was one...
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Twitter Refused to Promote the New Capitalisn’t Episode: This Is a Problem for Free Speech (and for American Health Care)

Twitter banned political ads from its platform but has full discretion in deciding what constitutes a "political ad." The Stigler Center tried to promote...
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LATEST NEWS

Antitrust and Competition

Antitrust and Rule by Judges

Paul Tucker
The early-1980s Posner-Stigler memorandum to incoming president Reagan’s transition team is interesting for a host of reasons, but most of all in...
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Antitrust and Competition

Should the European Union Require Tech Firms to Adopt a Common Charger?

Federico Innocenti, Martin Peitz
According to a new European Commission directive expected to be approved in the next few months, tech firms will have to use...
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News

Chart of the Week: Economists Don’t Think Congress Should Make Price Gouging Illegal

Brooke Fox
Most economists disagree with a new bill in the US that would set limits on "unconscionably excessive prices," according to a recent...
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Antitrust and Competition

Neoliberal Economists Are Giving Biden Bad Advice on Inflation

Hal Singer
To spare the economy from the pain of further interest rate hikes, the President should aggressively pursue anticompetitive conduct by companies in...
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Antitrust and Competition

How Would the Big Tech Self-Preferencing Bill Affect Users? 

Randy Picker
The Senate looks to be nearing a vote on the American Innovation and Choice Online Act, which would prohibit gatekeeping digital platforms...
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