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New regulator launches in UK to tackle dominance of tech giants
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Summary:
The newly launched Digital Markets Unit will initially look at the relationship between platforms and content providers, but broadly aims to “crack down on unfair practices”
(Photo by Adem AY on Unsplash)
A new regulator has launched in the UK this week - dubbed the Digital Markets Unit (DMU) - which aims to tackle the dominance of online platforms that hold considerable market power. The likes of Apple, Google and Facebook will likely be in the firing line of the DMU, which sits within the Competition and Markets Authority.
LONDON Britain s new regulator for tech giants Facebook and Google launches on Wednesday with an initial remit to see if a code of conduct could improve the balance of power between the platforms and news publishers. The Digital Markets Unit (DMU), based in the Competition and Markets Authority (CMA), has been set up to stop big tech companies abusing their market dominance after the competition regulator said existing rules were not enough. The power and reach of big tech has grown faster than governments ability to keep them in check. A row, now resolved, between Facebook and the Australian government in February over payment for local news highlighted the disparity.
By Reuters Staff
3 Min Read
LONDON (Reuters) - Britain’s new regulator for tech giants Facebook and Google launches on Wednesday with an initial remit to see if a code of conduct could improve the balance of power between the platforms and news publishers.
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The Digital Markets Unit (DMU), based in the Competition and Markets Authority (CMA), has been set up to stop big tech companies abusing their market dominance after the competition regulator said existing rules were not enough.
The power and reach of big tech has grown faster than governments’ ability to keep them in check.
New UK watchdog set to curb Big Tech s hold over news media | Regulation News aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.