Re:Apple apologizes to WordPress, won’t force the free app t...
by lioeters on Sunday August 23, 2020 @10:18AM
(#24252131)
> what responsibility does government have if that drastic effect stops the business from being profitable?
If the business relies on anti-competitive behavior to stay profitable, then any regulation that improves the situation will necessarily affect that business' bottom line.
I wouldn't be surprised if FAANG and their dominant positions in the market are considered important to "national security", in an economic sense of the term. (And perhaps from surveillance/intelligence perspective, and control of information access.)
In that case, it would be in the national interest to support - or at least let continue without disruption by pesky regulations - their anti-competitive behavior that ensures that dominant global position.
If the business relies on anti-competitive behavior to stay profitable, then any regulation that improves the situation will necessarily affect that business' bottom line.
I wouldn't be surprised if FAANG and their dominant positions in the market are considered important to "national security", in an economic sense of the term. (And perhaps from surveillance/intelligence perspective, and control of information access.)
In that case, it would be in the national interest to support - or at least let continue without disruption by pesky regulations - their anti-competitive behavior that ensures that dominant global position.