IMF warning might turn government attention to big tech
by Nils Pratley from Economics | The Guardian on (#4CDJ2)
Threat to innovation could spark action against giants such as Facebook and Google
The International Monetary Fund thinks big tech is too big. Or, more accurately, it would be worried about the effects on innovation and growth if US tech giants' market power "were to continue to rise in the future".
The IMF's analysis is a long way from being a radical proposal to break up Amazon, Facebook and Google, as advanced by the US senator and presidential candidate Elizabeth Warren. The body didn't even name any companies in the relevant chapter of its World Economic Outlook publication.
Related: Zuckerberg's proposals to regulate Facebook are self-serving and cynical | Roger McNamee
Continue reading...