From Daily Caller News Foundation :
“There is a reason we have seen Facebook call on new regulations for internet companies,” Jeffrey Westling, Technology and Innovation fellow at the R Street Institute, told the Daily Caller News Foundation. “Established, dominant firms can bear those costs while rival firms cannot.”
Jeffrey Westling of the R Street Institute said the cost of complying with additional sector-specific regulations would disproportionately harm smaller start-up companies that would otherwise compete with Facebook, thereby further entrenching its position.
“As a dominant firm, regulatory costs from things like Section 230 reform or a sector specific regulator may hurt them in theory, but this could come at the expense of market forces that also provide checks on the behavior of the company,” Westling said.
- “Daily Caller News Foundation”: https://dailycaller.com/2021/10/13/facebook-frances-haugen-big-tech-mark-zuckerberg/