Tuesday, January 16, 2018

Break it up, tech giants

https://www.investors.com/news/technology/amazon-monopoly-problem-antitrust-action-vs-amazon-facebook-google/

Luigi Zingales, finance professor at the University of Chicago Booth School of Business, is calling for a more-proactive antitrust approach that would have kept Facebook from buying up Instagram and WhatsApp. He says the antitrust action against Microsoft (MSFT) in the 1990s and early 2000s helped create a climate in which Facebook and Google could rise to the top. But he worries that the current crop of leaders are growing too powerful to cut into their advantage. "A system where this does not change is a system that is fossilized and hurts everyone," he said

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