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LATEST NEWS UPDATES | Firing a warning shot across big tech’s bows -Jayati Ghosh

Firing a warning shot across big tech’s bows -Jayati Ghosh

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published Published on Dec 15, 2020   modified Modified on Dec 15, 2020

-The Hindu

Lawsuits and regulatory moves in the West suggest that their easy, unchecked expansion may be coming to an end

It was a long time coming, but the day of reckoning for the big digital companies may finally have arrived. Despite the growing monopoly power of big tech and their use of anti-competitive practices, earlier attempts to regulate them (such as an attempt by the U.S. Department of Justice in 1998 to rein in Microsoft) had only limited success. The novel coronavirus pandemic further enhanced the monopoly power of the big tech giants.

Timeline and actions

But now, a rash of lawsuits and regulatory moves in the United States and Europe against the big non-Chinese digital companies (particularly Facebook, Amazon, Apple and Google) suggest that the days of their easy expansion in an unregulated environment may be coming to an end. In October 2020, the U.S. Department of Justice brought a lawsuit against Google for misusing its dominant position as search engine by undermining competitors; favouring its own content in search results; doing deals with other companies to become the default search engine in many browsers and devices; and then using data on its users and competitors to reinforce its dominance and get even more revenue from advertising.

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The Hindu, 15 December, 2020, https://www.thehindu.com/opinion/lead/firing-a-warning-shot-across-big-techs-bows/article33331213.ece?homepage=true


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