Digital market dominated and distorted by data monopolies
Tom Watson MP, Shadow Culture Secretary, commenting on the announcement that the Competition and Markets Authority will conduct a digital market study, said:
“Labour has consistently called for the CMA to launch a market study to investigate online platforms, so I am pleased that the CMA has announced this market study today.
“For far too long, the digital market has been dominated and distorted by data monopolies. Tech giants have thought themselves untouchable, unaccountable, and above the law. That has got to change.
“This is a necessary step towards bringing big tech to heel. Next, government must introduce strong safeguards and updated competition laws to ensure that online platforms work for everyone, not just the CEOs of Silicon Valley.”