In response to reports that Google will merge operations with Yahoo!, Harry Alford, President and CEO of the National Black Chamber of Commerce, issued the following press statement:
\”There is no denying that the proposed partnership between Google and Yahoo! would create a de facto online gatekeeper, raising prices for small businesses seeking to grab a piece of the growing online marketplace. The companies have argued that they don\’t \”set\” ad prices, but when all would-be advertisers are forced to participate in the same auction prices will skyrocket and smaller players can be more easily shut out. As minority businesses make quantum leaps within the uniquely egalitarian online market, this alliance represents a painful step backwards, towards monopoly and away from diversity. Anti-trust officials need to step in to protect the nascent but prospering online market from the ravages of a Robber Baron like monopoly.\”
NBCC is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States and via interaction with the Black Diaspora. NBCC represents 95,000 Black owned businesses and provides an advocacy that reaches all 1 million Black owned businesses.
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