Those acquisitions allowed the giants to reach a substantial portion of the global population, providing them troves of data points to further build out their businesses. Separately, the House also recommended requiring interoperability and data portability via open access between dominant platforms. This could "encourage competition by lowering entry barriers for competitors and switching [between systems or platforms] costs by consumers," the legislators wrote.
"These reforms would complement vigorous antitrust enforcement by spurring competitive entry." If legislators begin blocking mergers and acquisitions that helped transform these platforms, or if the companies are required to share their data troves, there would be healthier competition in the digital marketplace in the long run.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Seize their wealth.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the heated debate over TikTok rival Triller's user count - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
An inside look at the app that's like Duolingo for disaster prep - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Morgan Stanley: The 11 most likely mega-mergers in the oil industry - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Adtech vet Paul Palmieri investor deck for new e-commerce platform - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »