This is obviously bad for industry. Take the news media: some people think the thing that #BigTech steals from the news is the news itself. That's a frankly bizarre argument: including the news in a search index or providing a forum where people can talk about the news is *not bad for the news.* News you're not allowed to find or talk about isn't news, it's a *secret*.
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But Big Tech most assuredly steals from the news: it steals *money*. The #AdTech duopoly takes 51% out of every ad dollar. Social media holds news subscribers to ransom and requires "boosting" payment to reach the people who've asked to see their articles. And the mobile duopoly takes 30% out of every in-app subscription dollar:
https://www.eff.org/deeplinks/2023/06/save-news-we-must-open-app-stores
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