Free Market Foundation blasts CompCom's online markets inquiry TechCentral %

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Free Market Foundation blasts CompCom’s online markets inquiry

wants to punish leading enterprises in the digital space for being successful, the Free Market Foundation said on Thursday.

Any change in market dynamics must be spearheaded by the market itself; this includes the demographic transformation The report also made a number of provisional findings relating to platforms in travel and accommodation; e-commerce ; online food delivery ; and software application stores from Apple and Google.

“The FMF views the recommendations as a continuation of the commission’s misguided activities that serve to punish successful businesses that acquired their market position through voluntary transactions that satisfied consumer preferences. The potential for competition from new entrants or other, not-as-successful competitors is there for these companies, yet they are being sanctioned,” it said.

 

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