The CMA is regulating the past, rather than accounting for the fast-moving reality of modern Big Tech

The heavy hand of the CMA, on Google and tech companies it barely understands, will stop the UK from capitalising on AI, writes Matthew Lesh

“One Billion Customers – Can Anyone Catch the Cell Phone King?” ran the cover story in Forbes magazine. But this wasn’t about Apple, or even Android. The headline captured Nokia’s heyday in November 2007. Just a few months earlier, Apple announced the iPhone, and the following year, Google would release Android. Nokia’s supposedly unassailable monopoly would rapidly evaporate.

In the same era, commentators claimed Myspace’s network effects would guarantee its long-term dominance, only for Facebook to eat its lunch. A few years earlier, European com

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