JOURNAL OF ECONOMIC ISSUES, cilt.57, sa.4, ss.1079-1094, 2023 (SSCI)
Digital media corporations such as Alphabet-the parent company of Google-and Apple invade people's privacy and personal data and make high profits through their operating systems such as Android and iOS. The research question of this article is the following: is it possible to prevent corporations from engaging in unfair and unlawful practices concerning personal data processing by making regulations regarding the laws of data protection and competition? We argue that the laws of data protection, such as the GDPR (General Data Protection Regulation) and anti-trust laws in the EU, structure digital economies in such a way that while the corporations are held liable for the abuse of dominance in the related market, such laws do not affect protecting individuals' privacy and personal data. A better solution would be to create an environment where individuals have a choice, and where they can negotiate the terms and conditions. This is possible by amending existing laws and designating new provisions that prevent invasive and compelling manners of the companies that users are exposed to in practice.