House Dems urge data sharing, blocking mergers by dominant platforms - Business Insider

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House Democrats' recommendations indicate that House legislators want to go after mergers and acquisitions and data ownership

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.

 

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