Global antitrust and the challenge of Big Tech
Updated:
Updated:
January 29, 2021 00:46 IST
The issue is about checking their monopoly power while encouraging their positive externalities and consumer surplus
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The issue is about checking their monopoly power while encouraging their positive externalities and consumer surplus
There are ongoing investigations worldwide, including in the European Union and the United States, on the abuse of monopolistic power by the Big Tech firms, especially Facebook and Google. Many compare this with the earlier antitrust investigations in the U.S. on the telecom industry and the break-up of the AT&T dictated by the Department of Justice in its Modified Final Judgment in 1982.