Big Tech Splitting Not Necessary : EU Anti-trust Chief

Europe’s anti-trust chief is of the opinion that the Big Tech firms need not be split up. In December 2020, the European Competition Commissioner would announce the new draft rules for the digital sector. The proposal would be reconciled to those from the member countries and the European Parliament. The step of splitting up the Big Tech would be used in extreme case. They will frame the legislation that could prevent bad tech behaviour. Once such behaviour happens there should be effective punishments going to the extent of breaking up the firm. Law will target the firms which are gatekeeper tech firms having the power to control the market they operate in. Big Tech will be prohibited to practise certain things, e.g. favouring their own services in search rankings or on cell phones. The draft would seek new powers to intervene early into the digital markets.

print

Leave a Reply

Your email address will not be published. Required fields are marked *