Antitrust laws need a rethinkBig Tech roared back into the headlines last week after US President Donald Trump declared that Washington would ban the Chinese video-sharing platform TikTok. If Big Tech's power is to be kept in check, antitrust laws must be reformed to define how markets function in the digital age. Essentially, Big Tech firms have established data monopolies at the expense of users. The EU has on occasions clamped down on Big Tech's reach -- namely Google -- citing antitrust regulations. As technology becomes more embedded in our lives, it's important to have a conversation about Big Tech's power, no matter how messy or uncomfortable it may be.

Source: Bangkok Post August 03, 2020 23:15 UTC