Statement of Maciej CegÅ‚owski, Founder, Pinboard on the topic of “Privacy Rights and Data Collection in a Digital Economy”

The internet economy in 2019 is dominated by five American tech companies: Apple, Microsoft, Google, Facebook, and Amazon. These are also the five most valuable corporations in the world, with a combined market capitalization exceeding four trillion dollars. Between them, these companies control the market for online advertising, mobile and desktop operating systems, office software, document storage, search, cloud computing, and many other areas of the digital economy. They also own and operate a significant portion of the physical infrastructure of the internet, and act as its de facto regulating authority.