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Platforms are not landlines.Non-linear innovation
(e.g Google)
Interconnectedness of innovation
(e.g. App stores)
Financial, technical & social costs of regulation are neither trivial nor clear
(e.g. Yahoo & China, uTorrent, spam)
By encouraging innovation, costs of obsolescence threaten ‘incumbent’ monopolies and oligopolies
(e.g. PayPal, WhatsApp, Viber, Skype)
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