As you can tell from all the noise, there’s a party happening on the Internet. Users and consumers are whooping it up over all the innovations, information, and choices available at new online services. In addition to millions of job driven by e-commerce, consumers are able to do more, from any location, faster than ever before.
But all this partying has got some neighbors on the block grumbling. Traditional businesses that are comfortable with byzantine laws that protect the status quo are increasingly flexing their muscle to keep new entrants out of the market.
Our March 2012 iAWFUL list finds that, instead of encouraging innovation, many market incumbents are using legacy laws created before the Internet’s arrival to slow down and eliminate innovation and competition. This practice is the top threat to online commerce this year.
Start-ups like Uber, Airbnb, and TrueCar — websites that connect consumers directly to service providers — are being stymied by long-standing taxi commission rules, hotel regulations, and dealer franchise laws. Read more