Tag Archives: Rein

Why EU regulators can rein in Big Tech, and the U.S. can’t

  By Leila Frankina February 08, 2024 When Amazon announced last week that it was backing off a bid to purchase Roomba-maker iRobot, the two companies cited a familiar refrain: “Amazon’s proposed acquisition of iRobot has no path to regulatory approval in the European Union,” read a statement from iRobot.  That the EU was scrutinizing … Continue reading Why EU regulators can rein in Big Tech, and the U.S. can’t

Gary Gensler is the sheriff of Wall Street, so why couldn’t he rein in Sam Bankman-Fried?

  By Matt Stoller November 11, 2022   This article is republished with permission from BIG, a newsletter on the history and politics of monopoly power. Subscribe here. “I’m sorry. That’s the biggest thing. I fucked up, and should have done better.”—Sam Bankman-Fried, 2022 “Recklessness and deceit do not automatically excuse themselves by notice of repentance.”—Louis … Continue reading Gary Gensler is the sheriff of Wall Street, so why couldn’t he rein in Sam Bankman-Fried?