trending Market Intelligence /marketintelligence/en/news-insights/trending/RoNtdYGRwl4DrnfYlGuC0w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Facebook co-founder setting up $10M 'anti-monopoly' fund

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

Strong Competition Remains For Thailand Digital Terrestrial TV Channel

ITU: Regulators discuss impacts of COVID-19 on policymaking


Report: Facebook co-founder setting up $10M 'anti-monopoly' fund

Facebook Inc. co-founder Chris Hughes and the Economic Security Project organization are preparing to roll out a $10 million "anti-monopoly" fund today, The Washington Post reported Oct. 17.

Hughes, who also co-chairs the Economic Security Project organization, said the motive behind setting up this fund is to highlight the competition and "move the issue from the margins to the mainstream."

The fund is being backed by a number of philanthropies, including the George Soros-financed Open Society Foundations and the Omidyar Network. The fund will invest in projects until March 2021, including academic researchers studying mergers and market power, policy advocates pursuing new rules to rein in tech and other industries, and grassroots groups.