Both Roku and Spotify Support Breaking Big Tech's Monopoly
Unlike the board game, in real life Monopolies often end up hurting the little guy.
There is a saying Power Corrupts, and Absolute Power, Corrupts Absolutely.
We are in a point in our history, where we once again let a handful of large companies grow unchecked. And both Roku and Spotify support the current antitrust legislation that's currently working its way through the U.S. legislative branch.
Google an industry Goliath, and Roku are in a dispute over the YouTube Live TV channel which Roku removed from the Roku platform.
CNET Reported:
Both Roku and Google offer some great products. It's too bad that when companies grow large quickly, they often forget that magic combination of ingredient that made them grow, in the first place. Often times, consumers and smaller companies end up paying the price as they gobble up the competition.
A bipartisan group of elected officials in Washington is working on passing a bill that will allow them reign in the power of the leading tech companies in America, Apple, Facebook, Google and Amazon.
If passed, it will make it much easier for our government to break up big companies and stop them from engaging in anti-competitive practices, like buying or freezing out any small companies that offer similar products or who may want compete with them.
These companies donate a lot of money to our politicians, so time will tell if they have the numbers or stomach to break up Big Tech's power they currently hold over the marketplace and our daily lives.
Roku, is currently in a standoff with Google over a deal to keep hosting the YouTube TV app on its streaming devices, and they called the legislative bills to reel in big tech "a crucial step to curbing predatory behavior. Roku has firsthand experience competing against and interacting with these monopolists. We’ve seen how they flagrantly ignore antitrust laws and harm consumers by leveraging their dominance in one line of business to stifle competition in another.”
Spotify, which has been a vocal critic of Apple’s actions in its App Store, called the proposals a “clear sign that momentum has shifted” after “anticompetitive practices have gone unchecked for too long, stifling competition and threatening innovation.”
Both Roku and Google offer some great products. It's too bad that when companies grow large quickly, they often forget that magic combination of ingredient that made them grow, in the first place. Often times, consumers and smaller companies end up paying the price as they gobble up the competition.
A bipartisan group of elected officials in Washington is working on passing a bill that will allow them reign in the power of the leading tech companies in America, Apple, Facebook, Google and Amazon.
If passed, it will make it much easier for our government to break up big companies and stop them from engaging in anti-competitive practices, like buying or freezing out any small companies that offer similar products or who may want compete with them.
Five Bills are Currently Being Worked On To Curb Big Tech
ARS Technica just reported that there are currently five bills aiming to break-up big tech platforms and wants to make them play nice.These companies donate a lot of money to our politicians, so time will tell if they have the numbers or stomach to break up Big Tech's power they currently hold over the marketplace and our daily lives.
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Use of third-party trademarks on this site is not intended to imply endorsement nor affiliation with respective trademark owners.
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