Big Tech Regulation Shouldn’t Sweep Up Startups, Uber CEO Says
- Regulatory ‘sandboxes’ could be built to exempt small startups
- The U.S. is following Europe into tougher rules on tech firms
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New regulations limiting the power of giant tech companies shouldn’t apply to smaller startups that could get wiped out by stricter rules, Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said.
Tough regulation could stifle innovation and block the next wave of significant technology companies from even existing in the first place, Khosrowshahi said Wednesday at the Bloomberg Global Business Forum in New York.