The New York Times reports on regulators focusing on major tech companies possessing large amounts of data. Policymakers, especially in Europe, are concerned companies such as Google and Facebook may use their considerable data resources to prevent new entrants from emerging into the market. Former U.S. Justice Department antitrust official Maurice Stucke said consumers could be afforded less privacy than they would in a more competitive market. As those companies continue to gather users and advertisers, it is less likely users will move away from the popular digital platforms. “You certainly don’t want to punish companies because of what they might do,” said University of Surrey in England professor Annabelle Gawer. “But you do need to be vigilant. It’s clear that enormous power is in the hands of a few companies.” (Registration may be required to access this story.)
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