While a bipartisan group of lawmakers have criticized the market power of Big Tech, some might argue that the Justice Department’s new antitrust lawsuit against Google is politically motivated. But one expert disagrees.
The EU parliament has backed a call for tighter regulations on behavioral ads (aka microtargeting) in favor of less intrusive, contextual forms of advertising -- urging Commission lawmakers to also assess further regulatory options, including looking at a phase-out leading to a full ban. The legislative initiative, introduced by the Legal Affairs committee, sets the parliament on a collision course with the business model of tech giants Facebook and Google. Parliamentarians also backed a call for the Commission to look at options for setting up a European entity to monitor and impose fines to ensure compliance with rebooted digital rules -- voicing support for a single, pan-EU Internet regulator to keep platforms in line.
Here's where the audio-streaming company could be in 10 years. Spotify is the largest subscription audio platform in the world with 138 million paying premium subscribers as of June 30. While Spotify's service isn't available yet in every country, there is no obvious reason that it shouldn't be in most of them over the long term.