Internet platform dominance is not predestined to last | Mint – Mint

Technology evolves in cycles and a shift may have begun that will see upstarts dislodge today’s big players

There is a widely held belief that internet platforms are too big to be dislodged from their current positions of dominance. Many believe we have no option but to apply the full force of competition regulation to protect customers from harm arising from their size and market power.

But are these platforms really too big to fail? Or are we in the midst of a cycle that has already repeated itself and will continue to do so in the future?

When I first accessed the internet, it was through VSNL’s Gateway Internet Access Service that offered a 9.6 kilobytes per second connection over notoriously spotty dial-up lines. Even under those constraints, it was evident to early adopters like me that the internet was a vast storehouse of extraordinarily diverse and useful content.

At that time, the World Wide Web was little more than a collection of ‘html’ pages loosely linked to each…

Read Full Story: https://www.livemint.com/opinion/columns/internet-platform-dominance-is-not-predestined-to-last-11655828875060.html

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