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Scoop.it!
Agreement to take action against companies such as Facebook and Google runs into opposition Via Graham Watson 
Scoop.it!
Social network’s British revenues nearly quadruple on the back of climbing advertising sales
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Scoop.it!
Regulation is needed to make the tech industry act in line with the public good and not just its CEOs’ stock options Via Graham Watson
Graham Watson's curator insight,
October 23, 2018 2:38 AM
Interesting view of Zuckerberg et al as 'robber barons' but to what extent does Toby Walsh have a point? Are the tech giants now so big, and so powerful that they have become inefficient and able to exert an undue amount of market power.
The problem I have with the simple injunction "Break them up" is that it doesn't make the economies of scale associated with the companies go away - and hence, once broken up, the logical thing would be for the companies to reform.
But perhaps that's for another day. And more legislative action. |
Despite the introduction of the UK digital services tax in the latest Budget, it seems that the EU is struggling to do the same. And this should be no surprise, given the difficulties of co-ordinating the different member states.