Challenging the Tech Giants: Competition and Regulation

Summary

After a meteoric rise to top the list of the world's most valuable firms, the tech giants are coming under increasing pressure. Their great economic clout and the potential negative impact on competition and innovation mean they find themselves as the subject of political debate.

Key points

• Key points:
• The European authorities, which are now applying their anti-trust policy more rigorously, are at the forefront of the fight.
• A number of work plans are in progress with the aim of updating competition policy.
• A consensus is emerging that there is a need to address problems preemptively rather than picking up the pieces afterward.
• This type of intervention has hitherto been limited to specific sectors, such as telecommunications or energy.

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