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Economist Podcasts
Stores of value: regulators lean on app vendors
May 27, 2024
Join Guy Scriven, US technology editor at The Economist, and Sakeep Rahim, a science and technology writer, as they dive into pressing issues in tech and agriculture. Scriven reveals the power dynamics behind Apple and Alphabet's app duopoly, while discussing rising regulatory scrutiny and the quest for competition. Rahim shares innovative, low-tech strategies to combat desert locust invasions, emphasizing proactive measures and the role of diplomacy. Plus, discover the alarming rise of election campaign costs in India and its implications for electoral integrity.
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Quick takeaways
- Regulators aim to enhance competition in app stores by allowing multiple app stores on smartphones.
- India's costly elections are driven by factors like aggressive campaigning and high candidate numbers, posing challenges for campaign financing and reform efforts.
Deep dives
Regulation of App Stores by Governments
Governments worldwide are increasingly intervening in the app economy to address the dominant positions of Apple and Google in their respective app stores. With Apple and Alphabet making significant revenue through app commissions, governments are looking to regulate the types of apps available and reduce the companies' control over the app store market. Recent initiatives in the EU require Google and Apple to allow multiple app stores on smartphones, aiming to enhance competition and potentially lower commission fees.
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Discover
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