With the proposed Yahoo/Google advertising partnership in the news, some on Capitol Hill have expressed concerns about the Internet being vulnerable to a lack of competition. House Regulations Subcommittee Chairman Charles Gonzalez said Wednesday that he believes it is "unhealthy" for individual Internet firms to dominate the market. Internet businesses, however, responded that too much government regulation stifles growth and innovation.
(Read Google's announcement on their deal with Yahoo on the Google blog: http://googleblog.blogspot.com/2008/06/our-agreement-to-provide-ad-technology.html)
CongressDaily reports:
Internet business owners told the House Small Business Regulations Subcommittee Wednesday that Congress to should use a light touch on their industry, saying such an approach is vital to the industry's health.
The hearing comes in the wake of Yahoo unveiling a proposed advertising partnership with Google.
