Tech’s broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.
If the FTC wasn’t such a limp dick for the past 2 decades, things may have turned out differently. All of these problems are the result of too much consolidation and not enough competition.
That’s why I’m excited about Khan’s FTC since she is actually doing her job. Despite a couple of high profile losses, they’re winning more than they’re losing and, most importantly, they’re deterring anticompetitive mergers since companies now have to think twice or risk a lawsuit.