Can regulators break up Big Tech without breaking what works?
Can regulators break up Big Tech without breaking what works? 25 November 2024 | Business Operations, Competitiveness, Decision Making, Future, Government, Monopoly, Question a Day, Risk Management Question a Day How Regulators Can Break Up Big Tech Monopolies Without Breaking What Works for Consumers Big Tech companies like Google, Amazon, Apple, Meta (formerly Facebook), and Microsoft wield enormous power in today's economy. Their dominance in various sectors, from e-commerce to social media to cloud computing, raises concerns about stifled competition, reduced innovation, and the concentration of data. However, dismantling these tech giants isn't a simple task. Regulators face the dual challenge of curbing monopoly power while preserving the benefits these companies provide to consumers. So, how can this delicate balance be achieved? 1. Understand the Scope of Big Tech Dominance Before taking any action, regulators need a comprehensive understanding of where monopolisti