App-Enabled Price Fixing: How Big Tech Masks Monopoly Power
2025-01-26
Big Tech uses apps to mask price-fixing schemes, exacerbating inflation. The article exposes how food industry giants manipulate prices through data brokers and tacit collusion, citing examples in eggs, frozen potatoes, and meat. These companies leverage information asymmetry and technology to squeeze out smaller businesses and reap exorbitant profits. This isn't limited to food; similar issues plague real estate and fire equipment sectors, prompting discussions on antitrust laws and regulatory action.