Strauss, Ilan;
O'Reilly, Tim;
Mazzucato, Mariana;
Ryan-Collins, Josh;
(2021)
Crouching tiger, hidden dragons: How 10-K disclosure rules help Big Tech conceal market power and expand platform dominance.
(IIPP Policy Report
2021/04
).
UCL Institute for Innovation and Public Purpose: London, UK.
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Abstract
This new report finds that the main annual financial reporting framework imposed by the US regulators on ‘Big Tech’ firms (Alphabet, Amazon, Apple, Facebook and Microsoft) is not fit for purpose. The Security and Exchange Commission’s annual ‘10-K’ disclosure reporting instead helps ‘Big Tech’ companies conceal market power, increase profit margins, and expand their platforms’ dominance. A collaboration between the authors, IIPP economists Ilan Strauss, Mariana Mazzucato and Josh Ryan-Collins and Silicon Valley entrepreneur and Big Tech reformer Tim O’Reilly, provide their recommendations within the report
Type: | Report |
---|---|
Title: | Crouching tiger, hidden dragons: How 10-K disclosure rules help Big Tech conceal market power and expand platform dominance |
ISBN-13: | 978-1-917384-14-8 |
Open access status: | An open access version is available from UCL Discovery |
Publisher version: | https://www.ucl.ac.uk/bartlett/public-purpose/publ... |
Language: | English |
Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose |
URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10196039 |
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