this post was submitted on 06 Mar 2024
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Technology

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As a general rule, when trillion-dollar companies don't like regulation, it simply means they're admitting the rules are good for their customers.

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[–] [email protected] 84 points 6 months ago (14 children)

...warning of potentially burdensome restrictions possibly hampering innovation and distorting competition.

Oh yeah, when I think of innovation now I think Google and Microsoft. Seriously what has been innovated in the last 10 years by either of them? Most products by big tech over the last 10 years are knockoffs of competitor products or things they captured by buying out a startup. They're big lumbering slow corporate behemoths who are just maintaining their power status.

True innovation is what will come out of this. If they can't hoard users and be anti-competitive... then they actually might have to innovate.

[–] [email protected] 19 points 6 months ago (1 children)

It's difficult to innovate when most (or all) of what used to go to R&D is instead given to shareholders.

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