ECONOMY - CAPITAL ACCOUNT
Beware the Big Tech Backlash
Overreaction to content, privacy abuses overlooks real problem: lack of competition
By Greg Ip
Updated Dec. 19, 2018 10:58 a.m. ET
This was the year when Big Tech companies were humbled, their reputations tarnished, and their share prices clobbered by a tidal wave of political outrage over misinformation, censorship, and data abuse.
This public flogging may be necessary and even gratifying—but it may also go too far. As the criticism turns partisan, with Republicans upset with Google’s alleged liberal bias and Democrats furious with Facebook’s complicity in election tampering, the risk grows of interventions that sound satisfying but don’t fix, and in...
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READ MORE: https://www.wsj.com/articles/beware-the-big-tech-backlash-11545227197
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