Big Tech is facing the prospect of broad sectoral regulation that goes well beyond the narrow antitrust focus that has defined government interest in the industry in recent decades, according to Brad Smith, Microsoft’s president and top lawyer. Speaking in an interview this week, Mr Smith, who joined Microsoft in 1993, predicted a return to a period when government set broad rules governing how particular industry sectors operate, rather than focusing on individual cases of economic harm caused by monopolists. The shift reflects the wide range of concerns stirred up by today’s leading consumer tech companies, including privacy and the mass collection of data.
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