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Regulation and Free markets - Which Works Best?

Regulation and Free markets - Which Works Best?
By Keith Teare • Issue #262 • View online
This week Amazon said no to Google’s new tracking tech, FLOC. Microsoft launched an app store that takes zero from developers. Brave, the startup browser, launched a search engine competitor. Do free markets challenge Google and Apple better than Governments could?

Contents
Editorial
While Lina Khan has started her new role at the FTC and begun to appoint people to see through her agenda, Congress, or at least the House committee responsible, has allowed six anti-trust measures to proceed to the next stage.
Meanwhile, Apple faced a full-frontal assault on its app store economics from none other than Microsoft. Launching a preview of Windows 11, the old, but the new, company said that developers could build their own commerce engines into apps and pay Microsoft nothing for distribution in its app store.
At the same time, Amazon took a swing at Google’s new FLoC technology for tracking us all and said they would not be using it. Of course, Apple is hard at work blocking Google too. If these were swings to the face then Brave’s announcement of a new search engine, built into its popular browser, was a kick in the core of Google’s crown jewel.
While the policy world is debating regulating big tech, tech is doing a great job of competing for the future at the expense of incumbents. The market is clearly a far more rigorous and onerous opponent of the status quo than any government could possibly be. Especially a government led by dogma to characterize as monopolistic a failing last-generation business model.
Take Google. It is accused of monopolizing the ad-tech business. Really? What % of that market does it have? Is it declining or growing? Facts do matter. Google has been seeing a falling share of digital advertising for many years now as Facebook and Amazon have taken significant share away from it. Google is no monopoly. Listen to the analysts on the earnings calls ask about the declining cost per click rates.
Silicon Valley needs to oppose Lina Khan and the six bills and instead invest in startups that can build and win the future.
Lots of news on that this week. Andreessen Horowitz’s $2.2bn crypto third fund, several multi-billion dollar IPOs, creator economy investments reached $2 bn while Twitter added paid tickets to Spaces, its clubhouse competitor.
Is this the time to try to contain the last generation or is it time to build the next?
More in this week’s video
Regulation and Free Markets - Which is Best?
Regulation and Free Markets - Which is Best?
Regulation and Free markets - Which Works Best?
New FTC Chair Lina Khan Appoints Antitrust Chief, Other Key Staffers
Opinion | Google Is Dominating This Hidden Market With No Rules - The New York Times
Sweeping tech antitrust bills advance, but opposition is louder too
Opinion | How small news outlets are pushing back against Big Tech - The Washington Post
Amazon is blocking Google’s FLoC — and that could seriously weaken the fledgling tracking system
Microsoft flips the app store on its head
Google delays Chrome phase-out of tracking cookies to late 2023 (NASDAQ:GOOG)
Google’s plan to get rid of cookies isn’t going well
Back to Work - Not!
VMware reopened its huge Palo Alto HQ. Only 99 employees showed up.
Creators are the new Startups
Investments in Creator Economy Startups Hit $2 Billion; An Interview With Homebrew’s Hunter Walk
Twitter Spaces Rolls Out Ticketed Social Audio Rooms - Voicebot.ai
Money Money Money
Under The Hood: A Decade After ‘Software Is Eating The World,’ Andreessen Horowitz Has Its Best Exit Year Yet – Crunchbase News
Unit Economics and The Pursuit of Scale Invariance
Crypto Fund III
PayPal and Visa Participate in Blockchain Capital’s $300 Million Fund
Andreessen hires Goldman exec as a new investor
Global Taxes
Naomi Osaka and the G7’s Global Minimum Tax
Startup of the Week
The Biggest Windows 11 News Is an App Store Overhaul
Tweet of the Week
Paul Graham
Today's our 5th anniversary of moving back to England (though we didn't know at first that we were).
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Keith Teare

That Was The Week is a editorialized and curated weekly look at developments in tech, startups and investing

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Keith Teare, Palo Alto, California