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Digital Dominance and Social Media Platforms: Are Competition Authorities Up to the Task?
1DPhil, BCL (University of Oxford), LLM (Harvard University), LLB (NUS); Associate Professor, National University of Singapore, Singapore, Singapore.
IIC; International Review of Industrial Property and Copyright Law
|April 19, 2023
Summary
Social media platforms exhibit digital dominance, challenging traditional competition law. New sector-specific regulations are proposed to address societal and economic concerns effectively.
Area of Science:
- Digital Economy Law
- Platform Regulation
- Competition Policy
Background:
- Social media platforms face scrutiny for anticompetitive practices and facilitating societal discord.
- Existing competition law frameworks struggle to regulate the digital dominance of these technology giants.
Purpose of the Study:
- To analyze the sources of digital dominance in the social media sector.
- To evaluate the limitations of conventional competition law in addressing platform conduct.
- To propose alternative regulatory approaches for digital ecosystems.
Main Methods:
- Analysis of competition law enforcement challenges.
- Examination of the unique characteristics of social media platforms.
- Policy analysis of regulatory frameworks.
Main Results:
- Social media platforms possess unique 'digital dominance' characteristics.
- Conventional competition law is insufficient to curb anticompetitive practices effectively.
- Sector-specific ex ante regulatory frameworks are more suitable.
Conclusions:
- Rethinking regulatory strategies for social media platforms is crucial.
- Ex ante regulation offers a more effective approach than ex post enforcement.
- Balancing public and private interests requires tailored regulatory solutions.
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