It’s ironic. Google and Facebook, two wholly-owned subsidiaries of the far-left, are about to be destroyed by the same liberals they have supported for years as well as from the right that both companies have feverishly tried to marginalize just before every election. Both have used their near-monopoly in the field to shut down conservative speech.
Let me tell you about my personal experience. As most of my readers know, I ran my own website, The PC Graveyard, and I built up readership amounting to 1.3 million page reads a month but just as the 2016 election cycle began I received a string of suspensions even though I was doing nothing different than I had been doing for years.
In order to destroy my influence I was suspended constantly for a month. Once I was suspended 2 minutes after coming off a suspension but I hadn’t even logged on yet. Therefore I could not have possibly violated any rules. The same thing happened to many other conservative sites but I never saw any liberal sites shut down.
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Now, both parties in Congress are looking into ways to make the Silicon Valley less monopolistic, specifically zeroing in on Facebook and Google.
According to Bloomberg, “Google summoned about 200 policy staff from around the world last month for a debate on whether the company’s size has made it too attractive as a target for government regulators,” while “Twitter executives have been in frequent contact with Congressional committees,” and “Facebook has hired two crisis PR firms.”
The action comes after an increase in calls for the regulation of technology companies from both Democrats and Republicans, who argue Silicon Valley has become too powerful and monopolistic. Breitbart News Executive Chairman Steve Bannon called for regulation of social media companies earlier this year.
During Google’s debate last month, the company reportedly “plied Washington policy experts with questions about the pros and cons of its size,” as “Google confronts European antitrust claims and proposed U.S. legislation that would increase online publishers’ liability for content produced by others.”
Previously, Steven Bannon of Breitbart News and former adviser to President Trump has the best idea. He wants to make both companies public utilities, which would prevent them from advocating for their political ideology. These two companies control about 83% of all social media exchanges.
Bannon reportedly stated that companies such as Google and Facebook have become so essential to the internet and to the everyday life of many U.S. citizens that they should be regulated as a natural monopoly. Bannon’s position is becoming an increasingly popular one amongst tech experts. Jonathan Taplin, the author of Move Fast and Break Things: How Facebook, Google, and Amazon Cornered Culture and Undermined Democracy, recently claimed that tech companies like Google and Facebook have become too big and may need to be broken up.
Google and Facebook have been dominating the online advertising industry in recent years, with analysis company Pivotal Research reporting recently that Google and Facebook combined accounted for 99% of all online ad industry growth in 2016. Traditional news outlets recently requested an antitrust exemption for congress in order to negotiate with companies like Google and Facebook in relation to advertising partnerships.
David Charen, the chief executive of the News Media Alliance, wrote an opinion piece in the Wall Street Journal on the matter where he explained some of the financial figures behind the traditional media group’s complaints. “The problem is that today’s internet distribution systems distort the flow of economic value derived from good reporting,” said Charen. “Google and Facebook dominate web traffic and online ad income.”
“Together, they account for more than 70% of the $73 billion spent each year on digital advertising, and they eat up most of the growth,” he explained. “Nearly 80% of all online referral traffic comes from Google and Facebook. This is an immensely profitable business.”
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