Google’s parent company Alphabet reported revenue growth of 6% in the third quarter compared to the same period a year earlier, its second successive quarterly deceleration that suggests advertising pullbacks have worsened. Revenue grew 13% in the second quarter, snapping a six-quarter run of 20%-plus growth. Alphabet CEO Sundar Pichai warned of further reductions in hiring at the company in the...
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The Flaws in FTC’s Amazon Case
Talk about anticlimactic. We’ve been expecting today’s Federal Trade Commission antitrust lawsuit against Amazon since the day commission chair Lina Khan was sworn into office in June 2021. After all, she rose to antitrust fame with her 2017 Yale Law Journal paper arguing that modern competition policy wasn’t equipped to deal with the threat Amazon posed. Yet despite the plentiful time for...
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