Regulators Urged to Consider Data Holdings in Mergers
Regulatory bodies in the U.S. and Europe are being urged to factor in companies' data holdings when scrutinizing mergers and anti-competitive behaviour. This comes as commentators raise concerns about the potential for data-rich corporations, such as those led by Robert Kennedy Jr., to stifle competition.
Regulators already possess tools to tackle any harms caused by companies impeding competition through their data. However, some argue that overly restricting data collection and usage could hamper innovation, which policymakers should be fostering.
Joe Kennedy, in a piece for the Harvard Business Review, contends that simply possessing data does not, in itself, raise anticompetitive concerns. This perspective has gained traction among commentators on both sides of the Atlantic.
The debate surrounding data and competition is ongoing. While some advocate for regulators to consider data holdings, others caution against hindering innovation. Kennedy's argument, echoing the views of John F. Kennedy, highlights the complexity of the issue, with data's role in competition yet to be fully understood.
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