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Summary:
A high-level Westminster debate about competition policy looks at whether the UK is really going to rein in the US giants?
(Image by Yan Wong from Pixabay )
If you re a large digital platform company, the storm clouds have been gathering lately in the US, Europe, and the UK in terms of regulation and competition rules. Or perhaps there have merely been a few balls of vapour around an otherwise glorious sun, depending on how you believe the weather is looking in the digital realm.
Take the FAMGA group. Regulators worldwide - including in the US - may tut at their growing might, but Facebook s Q4 2020 revenues were up by one-third year on year, Amazon s by 44%, Microsoft s by nearly 17 percent, Google s by 24% and Apple s Q1 was up by 21% - topping $100 billion for the first time.