Google’s Alleged Scheme to Corner the Online Ad Market

In 2010, a Google product manager named Scott Spencer gave an interview explaining Google’s use of “second-price” auctions to place ads across the web. In a second-price auction, the highest bidder wins, but only has to pay whatever the second highest bid was....

The Antitrust Case Against Facebook Draws Blood

On Tuesday, federal judge James E. Boasberg ruled that the Federal Trade Commission’s effort to break up Facebook could move forward. The case itself is far from decided. But by blessing the FTC’s theory that a monopoly can harm consumers even when its product is...

You Should Listen to CDs

CDs are dead. In 2020, revenue from sales of compact discs in the US added up to $483 million, a 97 percent drop from the format’s peak in 2000. Only 31.6 million CD units were shipped in the US last year. By contrast, the Bee Gees alone have 16 million monthly...

Congress Takes Aim at the Algorithms

“I agree in principle that there should be liability, but I don’t think we’ve found the right set of terms to describe the processes we’re concerned about,” said Jonathan Stray, a visiting scholar at the Berkeley Center for Human-Compatible AI who studies...

What Is Web3, Anyway? | WIRED

Gavin Wood: I think the model for Web 2.0 was much the same as the model for society before the internet existed. If you go back 500 years, people basically just stuck to their little villages and townships. And they traded with people that they knew. And they relied...