Internet platforms such as Google, Facebook, and Spotify have grown rapidly and gained significant market share—textbook criteria for monopoly power—and yet they have an uncanny habit of creating terrific value. Internet platforms operate differently than conventional markets, so the normal rules of antitrust policy do not readily apply, explains Joe Kennedy in EurActiv. Rather than knocking them down a peg or two, European regulators should embrace them and ask what they can do to promote technologies that the continent has been comparatively slow to develop.
