Interview
How to deal with big tech
- Antitrust lawsuits are expected to result in greater regulation due to bipartisan concern over monopolistic behavior, with the US likely to align its actions with European regulatory trends.
- Enforcement agencies will probably receive increased funding via a bipartisan bill to ensure adequate capacity, as current remedies like those against Google have shown limited impact on market share.
- Breaking up tech monopolies is projected to take several American presidencies to complete, drawing a parallel to the multi-administration timeline required to dismantle AT&T.
- Future regulatory conditions on app stores will likely restrict mandatory 30% fees and permit developers to inform users of cheaper direct purchasing options.
- US privacy and other relevant laws are expected to be updated as a response to the initiation of major antitrust suits against firms like Facebook and Google.
- Legislative efforts to address corporate concentration, which may mirror the Gilded Age, are anticipated to rise unless antitrust enforcement is strengthened to rejuvenate competition-driven innovation.
- The Epic Games case may rule in favor of Apple's position, with legal experts anticipating a loss for the antitrust argument in the upcoming closing arguments.
- Social media platforms are expected to continue generating significant revenue while relying on content moderation teams, which may remain insufficient to halt the spread of harmful misinformation regarding topics such as vaccines or microchip theories.
- Without strengthened antitrust enforcement, consumers are expected to face continued harm from safety issues and misinformation resulting from the persistence of monopolistic control over app stores.