You’re exactly right. It needs to be changed so that tech companies can’t just do bad things and ask for forgiveness, and get away with what is for them a minor slap on the wrist.
The US antitrust interpretation has been sadly broken since Bork. Because it focuses on the cost to consumers, it doesn’t handle the phenomena of loss-making but VC backed companies well – and also profitable companies that monetize people’s data and attention.
Tim Wu wrote a fascinating book on the shift in the antitrust landscape.
I’m grateful that the EU and South Korea (and even Russia!) have started to heavily fine big tech firms.
interesting to think about that point. if the answer is ‘to compete internationally with other large companies’, it could wreak havoc down the line when leaner upstarts outflank stodgy monopolistic incumbents …
deleted by creator
You’re exactly right. It needs to be changed so that tech companies can’t just do bad things and ask for forgiveness, and get away with what is for them a minor slap on the wrist.
it should be like touching a red hot stove
Yeah and honestly I don’t see why obvious monopolies are being allowed to exist…
The US antitrust interpretation has been sadly broken since Bork. Because it focuses on the cost to consumers, it doesn’t handle the phenomena of loss-making but VC backed companies well – and also profitable companies that monetize people’s data and attention.
Tim Wu wrote a fascinating book on the shift in the antitrust landscape.
I’m grateful that the EU and South Korea (and even Russia!) have started to heavily fine big tech firms.
interesting to think about that point. if the answer is ‘to compete internationally with other large companies’, it could wreak havoc down the line when leaner upstarts outflank stodgy monopolistic incumbents …