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VOICE ARCHIVE

Marshall Steinbaum

@econ_marshall
43 posts
2024-07-13
the yimbyism will reach levels never before witnessed
2024-07-13 View on X
Politico

Sources: the US DOJ plans to sue RealPage by the end of the summer, accusing the company of selling software that allows landlords to collude on setting rents

Josh Sisco / Politico :

2024-07-04
This ruling is an abomination because it completely ignores economic evidence in favor of the ideological priors of right-wing political pundits.
2024-07-04 View on X
NPR

A federal court in Texas temporarily blocks the US government's ban on noncompete agreements set to take effect on September 4, and plans to rule on August 30

A federal court in Texas has partially blocked the government's ban on noncompete agreements that was set to take effect September 4.

2023-08-14
Zuckerberg has spent god knows how much on PR over the years (remember when he did a national tour with world-class photographer in tow to catch him doing relatable things like talking to a truck driver?) Elon gave him an image makeover for free.
2023-08-14 View on X
Bloomberg

After new fight claims from Musk, Zuckerberg warns “anything” Musk says hasn't been agreed on; Musk also said surgery will prevent him from fighting for months

and yet 🤡 @junlper : mark zuckerberg listening to elon musk talk about how he wanted the fight to be roman themed and in italy [image] Derek Guy / @dieworkwear : when i unbutton th...

2023-08-13
Zuckerberg has spent god knows how much on PR over the years (remember when he did a national tour with world-class photographer in tow to catch him doing relatable things like talking to a truck driver?) Elon gave him an image makeover for free.
2023-08-13 View on X
Bloomberg

After new fight claims from Musk, Zuckerberg warns “anything” Musk says hasn't been agreed on; Musk also said surgery will prevent him from fighting for months

but Zuckerberg Calls BS Stuff.co.nz : Elon Musk to fight Mark Zuckerberg in ‘ancient Roman setting’ MMA Fighting : Mark Zuckerberg denies Elon Musk fight claims, mentions UFC and O...

2023-03-03
I always knew those podcast advertisements were a scam. Imagine going into business with “I'll give them ‘mental health counseling’ in exchange for tricking them into revealing their mental health problems, which I can then sell.” https://twitter.com/...
2023-03-03 View on X
Bloomberg

Teladoc Health, which runs BetterHelp, settles with the FTC for $7.8M and agrees to stop sharing data with Meta, Snap, and other companies for ad purposes

Wow!  —  In these kinds of cases consider the incentives to government to allow terrible things to go on long enough for a nice pile of case to accrue, then demand a cut of the tak...

2022-08-16
The capital market is a uniquely efficient engine for allocating scarce resources. https://twitter.com/...
2022-08-16 View on X
New York Times

a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check

Our nation has a housing crisis.  —  The demographic trends driving … Ryan Deffenbaugh / Protocol : Can proptech go with Adam Neumann's Flow? Edward Ongweso Jr / VICE : NIMBY Marc ...

2022-08-15
The capital market is a uniquely efficient engine for allocating scarce resources. https://twitter.com/...
2022-08-15 View on X
New York Times

a16z invests in Adam Neumann's residential real estate management startup Flow, sources say ~$350M at a $1B+ valuation, the firm's largest-ever individual check

WeWork's founder is back with a billion-dollar venture.  —  WeWork's founder is going residential

2022-05-29
At this point the purpose of rideshare isn't as a profitable venture, but rather as a wrecking ball to labor & sectoral regulations, paving the way for other firms (probably backed by the same investors) to cash in. https://twitter.com/...
2022-05-29 View on X
Wall Street Journal

YipitData: average Uber and Lyft fares in the US hit a record high in April, as they drew ~20% fewer riders and 35% fewer trips in Q1 2022 compared to Q1 2019

The companies are cutting costs, bringing back cheaper rides and looking for new ways to woo drivers

2022-04-21
someone should write a piece about why it took so long for anyone to realize that credentialized young workforces are eminently unionizable (including themselves) https://twitter.com/...
2022-04-21 View on X
New York Times

70% of employees at an Atlanta Apple Store agree to hold a union election, making the Apple Store the first to file for a union election with the CWA

The petition for a union vote continues a trend of organizing at service-sector employers like Starbucks and Amazon.

2022-03-24
Question is if this is going to be available only to powerful upstream apps with existing user bases & loyalty, while the firms that control operating systems and app stores squeeze smaller players to the bone to compensate. It's why we need real platform neutrality. https://twitter.com/...
2022-03-24 View on X
TechCrunch

Google Play pilots a third-party billing option to select partners globally, starting with Spotify; Google said user choice billing still involves a service fee

Amid increasing global regulations over app stores and their commission structures, Google today announced the launch …

2021-07-08
Well done to the Utah AG's antitrust team for spearheading this lawsuit. https://twitter.com/...
2021-07-08 View on X
Politico

AGs from 36 states and DC file an antitrust suit against Google, targeting Play Store's practice of making devs use its billing system and charging a commission

The lawsuit filed in California federal court is the third by state attorneys general to target the company for alleged antitrust violations.

2021-07-01
And this thread tells you how hard we have to work to reverse that. Part of the received institutional wisdom of “Law and Economics” is that the establishment was implacably hostile to it so they had to work that much harder, like Alexander Hamilton. https://twitter.com/...
2021-07-01 View on X
Bloomberg

Amazon says it is seeking the recusal of FTC chair Lina Khan from matters related to the company, citing her history of criticism and antitrust arguments

at least in part—meant to deter people who might enter public service from making public statements criticizing unrepentant monopolists. Do not be deterred. https://twitter.com/......

2021-06-29
Facebook keeps screwing over its customers and they keep not leaving. A normal person concludes that therefore FB is a monopoly, but FB's legal team and lobbyist-economists treat that as evidence they're not being screwed over. You can see where the problem lies in antitrust.
2021-06-29 View on X
CNBC

US district court dismisses FTC's antitrust complaint against Facebook, saying its definition of market dominance was insufficient, but will let FTC refile it

- A federal court on Monday dismissed the Federal Trade Commission's antitrust complaint against Facebook.

Very hard to reconcile a $1 trillion market cap with the absence of monopoly power. https://twitter.com/...
2021-06-29 View on X
CNBC

On Monday, Facebook's stock rose 4.2%, closing at $355.64, giving Facebook a $1T market cap for the first time, the fifth US company to hit the milestone

The irony: The milestone was achieved following a federal judge's dismissal of an antitrust complaint from the FTC, which sent shares up. https://www.axios.com/... Caleb Watney / @...

Very hard to reconcile a $1 trillion market cap with the absence of monopoly power. https://twitter.com/...
2021-06-29 View on X
CNBC

US district court dismisses FTC's antitrust complaint against Facebook, saying its definition of market dominance was insufficient, but will let FTC refile it

- A federal court on Monday dismissed the Federal Trade Commission's antitrust complaint against Facebook.

2021-06-01
Strange to cover the labor market as though it exists in order to cheaply service the every need of an affluent clientele. https://twitter.com/...
2021-06-01 View on X
New York Times

Uber and Lyft acknowledge prices are up and wait times are longer, citing a lack of drivers; research found prices rose 37% from March 2020 to March 2021

The companies say they are charging extra because they don't have enough drivers to match rebounding customer demand.

2021-04-08
Don't define yourself in such a way that you can be hurt by people with power over you. https://twitter.com/...
2021-04-08 View on X
New York Times

An ex-Google engineer says she endured harassment for over a year and that Google's positive external image led her to delay reporting it

I learned the hard way that no publicly traded company is a family.  —  Ms. Nietfeld is a software engineer.  She worked at Google from 2015 to 2019.

2021-02-18
This is the nightmare scenario. https://twitter.com/...
2021-02-18 View on X
Bloomberg

How the success of California's Prop 22, driven by gig economy companies, is affecting negotiations between unions and businesses across the US

Josh Eidelson / Bloomberg :

2021-02-05
Forbidding workers to be transparent about pay is also direct evidence of labor market power and should be considered as such in any monopsonization proceeding. https://twitter.com/...
2021-02-05 View on X
Bloomberg

In a NLRB filing, the Alphabet Workers Union accuses Google vendor Adecco of violating US labor law by forbidding contract workers from discussing their pay

- New labor group accuses Google vendor of violating labor law  — Worker says Facebook post got her suspended by contractor

2021-01-30
I took away your livelihood as online journalists so you went to newsletters. Now please host your newsletter on my platform. https://twitter.com/...
2021-01-30 View on X
New York Times

Sources: Facebook is developing newsletter tools for journalists and writers, including tools to help build followers, curate email lists, and offer paid subs

Mike Isaac / New York Times :