With the European Union, the United States, and China all looking to crack down on Big Tech, the industry is bracing for impact in 2022. Though the showdown will play out differently in each jurisdiction, it is almost certain to lead to a far-reaching new settlement between markets and the state.
NEW YORK – In today’s geopolitical environment, world leaders agree on very little. But reining in Big Tech is emerging as one of the few ideas that everyone can get behind. From China to the European Union and the United States, public authorities are turning to antitrust law to curtail market power and promote fairer, more competitive economies. In the year ahead, we will likely see an even greater push for a new settlement between the markets and the state – with antitrust laws being at the heart of this effort, and large tech companies being the primary target.
NEW YORK – In today’s geopolitical environment, world leaders agree on very little. But reining in Big Tech is emerging as one of the few ideas that everyone can get behind. From China to the European Union and the United States, public authorities are turning to antitrust law to curtail market power and promote fairer, more competitive economies. In the year ahead, we will likely see an even greater push for a new settlement between the markets and the state – with antitrust laws being at the heart of this effort, and large tech companies being the primary target.