Bark don’t bite

15 December 2020 By Liam Proud Follow @liamwardproud

Competition Commissioner Margrethe Vestager proposed new rules governing the behaviour of Amazon.com, Facebook and others. The potential fines are large, but that is a flimsy deterrent. Recommendations on sharing data with rivals are a neat idea but look narrow in scope.

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Context News

The European Commission on Dec. 15 proposed two new sets of rules for large technology companies.

The Digital Markets Act will identify certain technological “gatekeepers” based on criteria including revenue, market capitalisation and number of users. These companies will then be subject to a list of “do’s and don’ts”, and could be fined up to 10% of global revenue if they fail to comply.

Separately, the commission said a new Digital Services Act will apply to services that reach more than 10% of the European Union’s population, roughly 45 million users, and will include rules mandating the swift removal of illegal goods, services or content from e-commerce and social-media sites. The ultimate penalty could be a fine of up to 6% of global revenue.

Context News

The European Commission on Dec. 15 proposed two new sets of rules for large technology companies.

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