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Little to no regulations on data collection by tech giants, such as…
Little to no regulations on data collection by tech giants, such as Facebook and Amazon, could lead to personal and national data misuse and abuse
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With so much user data stored in a small number of corporations, the prospect of a breach could threaten a much higher impact
With increasing encroachment on civilian privacy, the government could demand the turn over of user data from a single source
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In a smaller company, a data breach may not have as much impact as a monopoly with a global reach
Large data monopolies can gain wealth by "mining" data without paying the proper value for said data
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Platforms are paid by companies to host their ads, and if there is no competition in where the ad is being hosted, the platform can demand a higher fee to the ad company without passing on the savings to the customer it is being suggested to
With monopolies ruling the market, innovation has decreased due to lack of competition
By the mass amount of user data, they can determine what is in demand, whereas smaller companies do not have this leg up
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Without a competitive marker, smaller platforms look to mimic monopolies, leaving the development of new capabilities and services to stagnate
Monopolies can "bury" the competition by making their apps or platforms unreachable on search engines
This in turn becomes a filter of what a user can view, including political propoganda
With more directed platforms, information can get distorted or filtered at a much higher rate
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With most people getting their information from limited sources, the censorship of these sources can impact thousands of more citizens than if there was a wider variety of sources
The risk for developing an addiction to a product that is heavily reliant on personal data is much higher than if it wasn't so catered to each individual