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A comment on US proposes barring tech companies from offering financial services. Parent comment

Re:US proposes barring tech companies from offering financia... by Mvhsz on Thursday July 25, 2019 @10:05AM (#20525431)
Good point. There's a precedent for separating industries when it's in the public interest [0]. I think the argument needs to be that housing both industries under a single roof creates a conflict of interest that's too strong to be managed through normal regulatory actions like fines.

[0] https://en.wikipedia.org/wiki/Separation_of_investment_and_r...

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Re:US proposes barring tech companies from offering financia... by iguy on Thursday July 25, 2019 @11:00AM (#20525942)
There's also a precedent for preventing companies with a monopoly in something from expanding into other businesses, like Bell. Clearly facebook isn't a recognised regulated monopoly like that, but there are similarities.
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