I suspect it's because they left the tech sector alone for too long and now major damage control is needed.
It seems like laws and politicians are always a little late to the game with regulations on new technology because they don't fully understand a new technology or its implications until it's been on the market for a while.
Unfortunately, that means by the time the technology's implications have been determined, a lot of damage can have already been done.
I think, similarly, politicians were not examining the tech sector closely when it came to acquisitions; but they realize, now, that they let it fester a little too long.
Hopefully the FTC continues to break up any monopoly it can identify (tech or otherwise), but there's certainly a lot of work to be done.
Sure would be nice if they cracked down on all the companies that have gobbled everything up and made market competition difficult. Not really sure why Apple Pay is the thing they choose to spend resources on when there are plenty of other issues to address
seems like a govt crackdown on big tech
I suspect it's because they left the tech sector alone for too long and now major damage control is needed.
It seems like laws and politicians are always a little late to the game with regulations on new technology because they don't fully understand a new technology or its implications until it's been on the market for a while.
Unfortunately, that means by the time the technology's implications have been determined, a lot of damage can have already been done.
I think, similarly, politicians were not examining the tech sector closely when it came to acquisitions; but they realize, now, that they let it fester a little too long.
Hopefully the FTC continues to break up any monopoly it can identify (tech or otherwise), but there's certainly a lot of work to be done.
Sure would be nice if they cracked down on all the companies that have gobbled everything up and made market competition difficult. Not really sure why Apple Pay is the thing they choose to spend resources on when there are plenty of other issues to address
Because three credit unions chose to sue Apple about it? Read the article.
The cynic in me says this is retaliation for something apple did or refused to do for the government