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Very bad day for @Google and @Facebook.
The @CMAgovUK published the conclusions of its market study and thinks both platforms should be broken up. Thread.
The @CMAgovUK published the conclusions of its market study and thinks both platforms should be broken up. Thread.
“Big is not necessarily bad,” the report writes, but the CMA has not seen “a significant challenge to the position of Google and Facebook for many years.”
This is how
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇬🇧" title="Flagge des Vereinigten Königreiches" aria-label="Emoji: Flagge des Vereinigten Königreiches"> says both giants are dominant.
This is how
The markets exhibit characteristics making it hard for entrants to compete against the two tech giants.
These characteristics are “mutually” reinforcing, the CMA said.
These characteristics are “mutually” reinforcing, the CMA said.
Characteristics include
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🦄" title="Einhorngesicht" aria-label="Emoji: Einhorngesicht">networks effects (both in search and social networks)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🦄" title="Einhorngesicht" aria-label="Emoji: Einhorngesicht">strong influence of default options on consumers’ behavior
CMA concluded that @Facebook & @Google have market power, and consumers face substantial harm.
It found that regulating the platform is the best solution.
It found that regulating the platform is the best solution.
@CMAgovUK calls for new regulator with powers to:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👻" title="Geist" aria-label="Emoji: Geist">Impose a (binding) code of conduct, and fines if breaches
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👻" title="Geist" aria-label="Emoji: Geist">Intervene directly in the market.
Code of conduct would be based on 3 principles:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👼🏼" title="Babyengel (mittelheller Hautton)" aria-label="Emoji: Babyengel (mittelheller Hautton)">fair trading,
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👼🏼" title="Babyengel (mittelheller Hautton)" aria-label="Emoji: Babyengel (mittelheller Hautton)">open choices,
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👼🏼" title="Babyengel (mittelheller Hautton)" aria-label="Emoji: Babyengel (mittelheller Hautton)">trust and transparency
There would be specific guidance too.
There would be specific guidance too.
Toolkit for intervention would include:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💣" title="Bombe" aria-label="Emoji: Bombe">giving consumer more control over data
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💣" title="Bombe" aria-label="Emoji: Bombe">Mandating interoperability, third party access to data, and data separation
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💣" title="Bombe" aria-label="Emoji: Bombe">restricting ability to secure default positions and to introduce choice screens
For @Google, @CMAgovUK CMA think it should
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💊" title="Tablette" aria-label="Emoji: Tablette">open up its click and query data to rival
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💊" title="Tablette" aria-label="Emoji: Tablette">introduce menu for default search engine.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💊" title="Tablette" aria-label="Emoji: Tablette">be broken up
. @CMAgovUK also thinks @Facebook should be ordered to
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💊" title="Tablette" aria-label="Emoji: Tablette"> increase its interoperability
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💊" title="Tablette" aria-label="Emoji: Tablette"> allow consumers to opt out of personalized ads.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💊" title="Tablette" aria-label="Emoji: Tablette"> divest Instagram
Here is the complete report, it& #39;s 437, and it& #39;s really well written.
Now it& #39;s up to thehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🇬🇧" title="Flagge des Vereinigten Königreiches" aria-label="Emoji: Flagge des Vereinigten Königreiches"> government to decide what to do.
https://assets.publishing.service.gov.uk/media/5efc57ed3a6f4023d242ed56/Final_report_1_July_2020_.pdf">https://assets.publishing.service.gov.uk/media/5ef...
Now it& #39;s up to the
https://assets.publishing.service.gov.uk/media/5efc57ed3a6f4023d242ed56/Final_report_1_July_2020_.pdf">https://assets.publishing.service.gov.uk/media/5ef...
