Reading on the other manufactured home industry trade sites or journals might lead one to believe that all is well and good in MHVille. A look at the latest new manufactured home shipment data says otherwise. Or if the word ‘antitrust’ comes up at all with bloggers, it may be to mock this publication for making a monopoly busting case a reasonable possibility. Mock away, because the evidence of a new wave of antitrust action in Washington, D.C. is what it is. Our featured report this evening is a report that outside of the D.C. Beltway, some 30 state attorney generals will be launching antitrust probes against Alphabet’s Google. When one ponders the reasons why Google is being targeted, don’t they in several ways mirror what has been occurring in manufactured housing? See our featured report, further below.
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The Washington Post, Reuters, and CNBC are among the media outlets that say that a coalition of 30 state attorneys general will be launching a probe of Google, let by the State of Texas.
The consensus is that the formal announcement will come on Monday, Sept 9, 2019.
“We continue to work constructively with regulators, including attorneys general, in answering questions about our business and the dynamic technology sector,” Google representative Jose Castaneda said.
State officials have been noted as saying that the big tech firms like Google have so much user data that it is hard for newcomers to compete.
But that standard would apply to Clayton Homes too, wouldn’t it?
Some of the specifics of antitrust law has been explored previously on MHProNews as some of the related reports below will link up.
On the one hand, settlements by Facebook for $5 billion dollars or a settled fine with YouTube for $170 million may send the message that ‘slap on the wrist’ sized fines is the best that will come from the Trump Administration.
The flip side is reports that the FTC, DOJ, and the president himself plan to do more on antitrust, especially with respect to Google and big tech.
Several 2020 Democratic hopefuls are making antitrust a campaign issue. While it may not yet be a top 5 issue for voters, it is not difficult to imagine how it could become so. Along side affordable housing and antitrust, that would marry a top 5 topic with one that could bring some energy to segments of the population that may not care as much otherwise.
While it shouldn’t be a political issue – this ought to be straight up enforce the law – in effect, voters can influence this in several ways. So too can big business. Lobbying by the tech giants, Berkshire Hathaway and others, is reportedly at or near record levels.
Stay tuned as this story unfolds. For a more manufactured home specific scenario, see the first link, below.
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
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