Are Big Tech’s Regulators “Cowards”? ft. Tim Wu

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Did you know Amazon makes $37 billion a year—more than double the revenue of all the newspapers in the world combined—from its sponsored results alone? Yes, the same, spammy, sponsored results at the top of a search that bilk shoppers with fake or low-quality items and can starve legitimate businesses of traffic and revenue. This is one of the many insights shared by our guest this week, Tim Wu, in his new book, “The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity.” He argues that the defining story of the modern internet isn’t openness or democratization, but rather wealth extraction: the ability of gatekeeping Big Tech platforms, such as…