Opinion & Analysis

Big tech’s shadow market power

Big Tech firms are amassing market power through strategies that bypass current rules for oversight, investigation, and intervention. Unless and until regulators account for the full scope and scale of these strategies, Silicon Valley’s dominance will remain unchallenged.

BRUSSELS—Europe has a blind spot in its approach to regulating mergers and acquisitions. Big Tech firms are amassing what we call “shadow market power” through potentially anti-competitive strategies that bypass current rules for oversight, investigation, and intervention.

About the authors:

Helena Malikova, a financial analyst at the Directorate General for Competition at the European Commission, is a fellow at the Hertie School in Berlin.

Brianna Rock is a researcher at the German antimonopoly organization Rebalance Now.

Anna Marchese is a researcher at Columbia World Projects.

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