ABSTRACT
This chapter summarizes some of the key regulations applicable to businesses and consumers online. In October 2020, the US House of Representatives Judiciary Subcommittee on Antitrust, Commercial and Administrative Law issued a sweeping report which found Facebook, for example, “has monopoly power in the market for social networking,” and that power is “firmly entrenched and unlikely to be eroded by competitive pressure” from anyone at all due to “high entry barriers that discourage direct competition by other firms to offer new products and services.” In today’s online-centered world, the use of e-contracts has become prevalent. Website owners and website users are reaching such agreements all the time. There have been many legislative proposals to impose Internet-only taxes, such as a tax on each e-mail sent. The government imposes restrictions on advertising, whether online or offline. In 2018, the E.U.’s General Data Protection Regulations went into effect, imposing much stricter data security regulations on business than in place in the U.S.
