The Big Tech companies have grown at an astronomic pace over the last decade, becoming vital enablers in both our private and professional lives. Particularly the US tech giants have redefined digital economy through extremely popular proprietary products and services, and unassailable network economies. On the flipside, their outsized market power and immense influence on consumers are attracting increasing scrutiny by regulatory authorities worldwide and various actions are being taken which target particular areas of concern.
In this research article, we propose a brief definition of Big Tech, explore the main problems stemming from its strategy and operations, and shed light on the most recent actions taken by jurisdictions aimed at aligning the interests of consumers, tech giants, and regulatory authorities.
