UK govt. study: Big tech brands are monopolies
Facebook, Google, Amazon and Apple are once again being cast as monopolies that have become too powerful for society's good, a recurring theme that's increasing the pressure to rein them in.
A 150-page report commissioned by the British govt. depicts big digital companies in search, social media, advertising and e-commerce as threats to competition, innovation and personal privacy.
Meanwhile, the music streaming service Spotify filed an anti-trust complaint in Europe against Apple, accusing it of stifling competition through it's iPhone's operating system and app store.
The British government's new report was led by Harvard University Jason Furman, who was a chief economic adviser to former President Barack Obama. The report found that global tech giants don't face enough competition and that the existing rules need to be strengthened.
A 150-page report commissioned by the British govt. depicts big digital companies in search, social media, advertising and e-commerce as threats to competition, innovation and personal privacy.
Meanwhile, the music streaming service Spotify filed an anti-trust complaint in Europe against Apple, accusing it of stifling competition through it's iPhone's operating system and app store.
The British government's new report was led by Harvard University Jason Furman, who was a chief economic adviser to former President Barack Obama. The report found that global tech giants don't face enough competition and that the existing rules need to be strengthened.
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