BEGIN ARTICLE PREVIEW:
THIS WEEK’S TOPIC: Should Big Tech be split up – or even regulated?
Akshay BhushanPartner and Regional HeadLightspeed Venture Partners
The demand to break up Big Tech is age-old, which happens with winner-take-all dynamics at play and when winners – having control on distribution, data and customers – start exacting an economic tax on the ecosystem. Some regulatory intervention on Big Tech’s powers would help in keeping a level playing field.
But it is also important for regional stalwarts (that have vast localised distribution) and startups to take the battle to the global tech majors to restore equilibrium. Like the battle Shopify wages today on Amazon by empowering small retailers, or Apple challenging IBM’s personal computer (PC) monopoly in the 1980s – the carousel keeps turning. But watch out, because today’s David might become tomorrow’s Goliath.
Dileep NairIndependent DirectorThakral Corporation Limited
Stay updated with BT newsletters
“Break up Big Tech” is a catchy political slogan – but not a proper solution. Good policy would be to promote innovation, encourage competition and benefit consumers. Digital markets naturally lend themselves to economies of scale and network effects. This leads to rapid growth of the first movers. What is needed is effective regulation …
END ARTICLE PREVIEW