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In a major speech on Thursday, Andrea Coscelli said a 'small number' of very large digital firms have become 'extremely powerful' and made it very difficult for potential rivals to challenge them.
The CMA has responded to the government’s proposals to enhance its ability to tackle breaches of competition and consumer law, and empower the Digital Markets Unit (DMU).
The promised Digital Markets Unit has been launched by the UK government, with a remit to prevent technology firms exploiting market dominance, and it has no real power until 2022. As announced in late 2020, the UK government has now formed a Digital Markets Unit, which it describes as a "tough new regulator" to prevent Big Tech misusing market dominance. However, reportedly the DMU will require new legislation which is not expected to be introduced for at least a year. "Today is a major milestone in the path to creating the world's most competitive online markets, with consumers, entrepre...
REUTERS/Erin Scott The move comes after months of wrangling with Australian officials. But the tech giant also faces pressure from a growing number of governments on how it handles news. Facebook blocked Australian users from sharing and viewing news articles on their feeds on Wednesday, following months of back-and-forth with local officials. The dramatic step follows a debate with lawmakers over how to rebalance the relationship between tech platforms and legacy media outlets. The country's proposed "news and media bargaining code" would force Facebook an...