An anonymous reader quotes a report from ProMarket: In terms of market share and profit margins, the big digital platforms, particularly Google and Facebook, enjoy an astounding level of dominance. Google, in effect the world's largest media company, has an 88 percent market share in search advertising. Facebook (including Instagram, Messenger, and WhatsApp) controls over 70 percent of social media on mobile devices. Together, the two firms received 85 cents of every new dollar spent in online advertising in the first quarter of 2016. Amazon has an over 70 percent share in the e-book market. Along with Apple and Microsoft, they are now the most valuable companies (in terms of market capitalization) in the world. The rise of digital platforms has had profound political, economic, and social effects, not least of which on the creators of content. While the internet brought immense benefits to consumers of content, the so-called "creative class" -- authors, journalists, filmmakers, musicians, artists -- has been particularly ravaged by the digital economy. This ravaging, and its roots in the monopolization of content delivery and data in the hands of a few digital giants, are at the heart of the new book Move Fast and Break Things: How Facebook, Google, and Amazon Cornered Culture and Undermined Democracy by media scholar Jonathan Taplin. In the book, Taplin explores the way in which the internet came to be dominated by a handful of monopoly platforms, and the subsequent capturing of regulators that has since all but ensured their dominance would not be challenged in court. In an interview with ProMarket, Taplin said in response to a question: "I would say Google is as close to a natural monopoly as the Bell System was in 1956. If you came to me and said 'Hey, I want to start a company to compete with Google in search,' I would say you're out of your mind and don't waste your energy or your time or your money, there's just no way. Classic economics would say that if there's a business in which there are 35 percent net margins, that would attract a huge amount of new capital to capture some of that, and none of that has happened. That tells you there's something wrong."

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Reader mirandakatz writes: Forget net neutrality -- the real fight is over controlling price-gouging monopolies. As Susan Crawford writes at Backchannel, a little-known cable company, Cable One, just exposed the telecommunications industry's Achilles' heel: regulation. Cable One has been raising its data transmission prices quickly, and it's making cable giants very, very nervous. If people begin noticing that there's no competition, that Americans are paying too much for too little, and that the entire country is suffering as a result, that's a big problem for Big Cable. As Crawford writes, 'don't fixate on net neutrality... Even though the state of internet access is an issue that touches the bank accounts and opportunities of hundreds of millions of Americans and gazillions of businesses, very few people understand what's actually going on. Now you are among them. Do something about it.'

Read more of this story at Slashdot.

Reader mirandakatz writes: Forget net neutrality -- the real fight is over controlling price-gouging monopolies. As Susan Crawford writes at Backchannel, a little-known cable company, Cable One, just exposed the telecommunications industry's Achilles' heel: regulation. Cable One has been raising its data transmission prices quickly, and it's making cable giants very, very nervous. If people begin noticing that there's no competition, that Americans are paying too much for too little, and that the entire country is suffering as a result, that's a big problem for Big Cable. As Crawford writes, 'don't fixate on net neutrality... Even though the state of internet access is an issue that touches the bank accounts and opportunities of hundreds of millions of Americans and gazillions of businesses, very few people understand what's actually going on. Now you are among them. Do something about it.'

Read more of this story at Slashdot.

An anonymous reader writes: New York Governor Andrew Cuomo says the state is now taking applications to test self-driving cars on public roadways. The program requires licensees to have a $5 million insurance policy. Cars must also pass federal and New York automotive safety standards and all test reports must be submitted to the state by March of next year.

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An anonymous reader writes: New York Governor Andrew Cuomo says the state is now taking applications to test self-driving cars on public roadways. The program requires licensees to have a $5 million insurance policy. Cars must also pass federal and New York automotive safety standards and all test reports must be submitted to the state by March of next year.

Read more of this story at Slashdot.

The new South Korean president is promising a new approach, at home and on the world stage.

The new South Korean president is promising a new approach, at home and on the world stage.

Posters for 'Anglo-Africaner' event, which copy Nazi propaganda images, cause public outcry after appearing on campus.

Posters for 'Anglo-Africaner' event, which copy Nazi propaganda images, cause public outcry after appearing on campus.

An anonymous reader shares an article: The Department of Homeland Security will ban laptops in the cabins of all flights from Europe to the United States, European security officials told The Daily Beast. An official announcement is expected Thursday. Initially a ban on laptops and tablets was applied only to U.S.-bound flights from 10 airports in North Africa and the Middle East. The ban was based on U.S. fears that terrorists have found a way to convert laptops into bombs capable of bringing down an airplane. It is unclear if the European ban will also apply to tablets. DHS said in a statement to The Daily Beast: "No final decisions have been made on expanding the restriction on large electronic devices in aircraft cabins; however, it is under consideration. DHS continues to evaluate the threat environment and will make changes when necessary to keep air travelers safe."

Read more of this story at Slashdot.

An anonymous reader shares an article: The Department of Homeland Security will ban laptops in the cabins of all flights from Europe to the United States, European security officials told The Daily Beast. An official announcement is expected Thursday. Initially a ban on laptops and tablets was applied only to U.S.-bound flights from 10 airports in North Africa and the Middle East. The ban was based on U.S. fears that terrorists have found a way to convert laptops into bombs capable of bringing down an airplane. It is unclear if the European ban will also apply to tablets. DHS said in a statement to The Daily Beast: "No final decisions have been made on expanding the restriction on large electronic devices in aircraft cabins; however, it is under consideration. DHS continues to evaluate the threat environment and will make changes when necessary to keep air travelers safe."

Read more of this story at Slashdot.

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