Google Et Al: A Small Matter Perhaps?
May 24, 2022
In India, the Lok Sabha is a bit like the US Congress. Like its US equivalent, the group of distinguished individuals can be frisky, intellectually speaking, of course. “Standing Committee On Finance To Discuss Big Tech Firms’ Practices” reports:
…the parliamentary panel will be hearing views of hospitality, restaurants and travel agents associations on the subject ‘Anti-Competitive Practices by Big-tech companies…
By itself, this type of investigation and questioning is chugging along in the US, the EU, and India. In Russia, the country has seized the Google’s assets, and it is not clear what the future will hold for other US Big Tech Firms.
I noted this statement in the source article:
Representatives of Google, Amazon, Facebook, Twitter and others too were summoned by the panel.
I anticipate that the answers to the interlocutors’ questions will be along the line, “Thank you for the question. I will collect the information and provide it to your office.”
However, this sentence suggests that India may be considering adding some teeth to its approach to the alleged monopolistic and anti-competitive behavior of the Amazon, Facebook, Google, and Twitter outfits:
The CCI Act was initiated in 2002 and last amended in 2007. A bill to amend the Act is also under consideration wherein provisions are likely to be introduced to deal with anti-competition practices of tech giants.
Worth watching? India? Is that a significant market? Yep.
Stephen E Arnold, May 24, 2022
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