David McLaughlin (for Info only, not official)

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David McLaughlin

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    ...They dominate their markets, from e-books and smartphones to search advertising and social-media traffic on mobile devices. New research connects the market power of these high-tech behemoths—part of a broader rise in concentration in many industries—with chronic economic problems, including the decline in workers’ share of national income and slower economic expansions. Their dominance is fuelling a global debate over whether it’s time to rein in such winner-take-all companies. The situation While the US, the home of the tech superstars, is taking a hands-off approach, other countries are aggressively pursuing them. In June 2017, the European Union fined Alphabet Inc.’s Google $2.7 billion for abusing its search-engine dominance by favouring its own shopping service in search results. ...

    Live Mint on Oct. 4, 2017, 2:59 a.m.