News Summary

Tim Wu, a law professor and former FTC adviser, has published a new book titled ‘The Age of Extraction,’ which explores the shift in tech platforms from serving users to exploiting them for profit. The book emphasizes the need for aggressive antitrust actions to curb the power of giants like Amazon, Google, and Meta, drawing parallels to past regulatory actions against companies like AT&T and IBM. Wu’s insights highlight the potential consequences of unchecked tech power, including increased consumer abuse and societal division. His work supports the broader antitrust movement led by figures like FTC Chair Lina Khan.