UK launches regulator targeting tech giants - Mobile World Live 07 APR 2021
A watchdog designed to prevent tech giants including Facebook and Google from exploiting their market dominance was introduced in the UK, a move positioned as a major milestone for online market reform.
The Digital Markets Unit (DMU) is based within the Competition and Markets Authority (CMA), tasked with developing plans to give consumers more choice and control over their data, promote online competition and crackdown on unfair practices.
Plans for the unit were unveiled in November 2020 as part of a wider UK government aim to enforce a new pro-competition regime covering platforms deemed to hold considerable market power.
Digital Services Act and Digital Markets Act: Europe could break up Big Tech companies like Google and Facebook
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(CNN) The world s biggest tech companies faced a global reckoning in 2020 as the United States, the European Union and even China took dramatic steps to curb their dominance. That pressure won t be going away in the new year.
Dozens of US states and the federal government sued Facebook and Google over claims that the companies engaged in anticompetitive behavior that tightened their grip on the online marketplace. Europe, meanwhile, recently unveiled legislation that would give regulators sweeping new power to take on those American tech companies.
The regulatory fervor has also spread to China. Officials last week announced an antitrust investigation into Jack Ma s Alibaba, and turned up the heat on the company s financial affiliate Ant Group less than two months after blocking its blockbuster stock market debut at the last minute.
The year the world gave up waiting for Big Tech to fix itself CNN 12/28/2020 Analysis by Jill Disis, CNN Business © Michael Reynolds/Getty Images WASHINGTON, DC - OCTOBER 28: CEO of Facebook Mark Zuckerberg appears on a monitor as he testifies remotely during the Senate Commerce, Science, and Transportation Committee hearing Does Section 230 s Sweeping Immunity Enable Big Tech Bad Behavior? , on Capitol Hill, October 28, 2020 in Washington, DC. CEO of Twitter Jack Dorsey; CEO of Alphabet Inc. and its subsidiary Google LLC, Sundar Pichai; and CEO of Facebook Mark Zuckerberg all testified virtually at the hearing. Section 230 of the Communications Decency Act guarantees that tech companies can not be sued for content on their platforms, but the Justice Department has suggested limiting this legislation. (Photo by Michael Reynolds-Pool/Getty Images)
Digital Services Act and Digital Markets Act: Europe could break up Big Tech companies like Google and Facebook CNN 12/15/2020 © Getty Images Sundar Pichai, Mark Zuckerberg, Jeff Bezos, Tim Cook
Officials across Europe on Tuesday unveiled legislation that would give regulators sweeping new powers to take on US tech giants, threatening huge fines and raising the prospect of breakups or bans for repeat offenders.
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The European Commission released a set of draft policies that would force companies to change their business practices. It amounts to the most aggressive legislative effort to rein in companies such as Amazon, Apple, Google and Facebook to date, according to industry experts.
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