The common theme with the biggest tech companies: walled gardens
The European Union is proposing new regulations on big tech companies and how they use their data, potentially to the detriment of competing companies. That is on the heels of the FTC and 46 states suing Facebook, and the FTC opening investigations into lots of other tech companies. One thing that both the EU and the FTC say is that these big tech companies impose anti-competitive conditions on third-party developers that operate on their platforms. Apple has been criticized over its App Store rules and Amazon over how it treats third-party sellers. The EU regulations would determine some companies to be “gatekeepers” subject to different rules. Molly speaks with Mark Lemley, a law professor at Stanford. Your support makes our podcast possible — become a Marketplace Investor today to keep us going strong.
