Vestager on Amazon Probe

The video discusses the EU Commissioner's actions against major tech companies like Google, Apple, and Amazon, focusing on tax issues and competition. It highlights Amazon's dual role in the market and the importance of understanding data usage. The future of platform companies is explored, considering the impact of emerging technologies like quantum computing and blockchain. The challenges of applying competition law to big tech are addressed, emphasizing the need for vigilance to prevent misuse of power and ensure innovation and consumer benefits.

What is the primary concern of the EU Commissioner regarding Amazon's role in the market?

• Amazon's use of data from smaller businesses

• Amazon's advertising practices

• Amazon's expansion into new markets

• Amazon's pricing strategies

How does the EU Commissioner view the future of platform companies?

• As static entities with little change

• As similar to traditional telecom companies

• As evolving with diverse technologies like blockchain

• As primarily focused on physical retail

What technological advancements are mentioned as influencing the future of platform economies?

• Virtual Reality and Augmented Reality

• Quantum Computing and Blockchain

• 5G and Internet of Things

• Artificial Intelligence and Machine Learning

What is a key challenge in applying competition law to big tech companies?

• Difficulty in addressing network effects

• Lack of legal frameworks

• Insufficient market data

• Overregulation of small businesses

What example is given to illustrate the misuse of power by big tech companies?

• Amazon's pricing strategies

• Apple's tax practices

• Google's impact on innovation and consumer choice

• Microsoft's software licensing