DOJ Antitrust Chief Offers Enforcement Insight for Online Platforms
Antitrust enforcers might need to closely monitor whether “competition is suffering or competitors are losing out as a result of misdeeds by an incumbent,” Assistant Attorney General Makan Delrahim said Friday, discussing online markets in Milan. He emphasized that antitrust…
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law should be guided by the “consumer welfare standard,” ensuring that free market competition benefits the consumer. Enforcers also should recognize that in innovative markets, “an incumbent’s monopoly may be fragile, and prone to being toppled by new entrants offering something better and more exciting,” he said. Cowen analyst Paul Gallant noted after an earlier speech by Delrahim in Rome that the DOJ antitrust chief has been “publicly establishing a framework for” internet companies like Google, Facebook and Amazon.