Heated debates on the future of the digital economy is in vogue
in both antitrust circles and broader public discourse.
High-profile politicians, including some U.S. presidential
candidates, have suggested that it is time to break up technology
leaders such as Amazon, Facebook and Google.
At a basic level, the digital economy has unquestionably
provided benefits to consumers by providing numerous innovative
products and services. Digital platform services (such as Amazon,
Facebook and Google) are highly valued by consumers, as
demonstrated by their widespread adoption and use worldwide.
However, the rapid growth of firms that do not use traditional
business models for monetisation (e.g., direct payment of money for
services) has raised questions whether our regulatory regimes have
been left behind and are out-of-sync with today's digital
economy and not effectively serving the will of the people. In part
due to the fact that digital platforms are so widely used,