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  • European Union to Probe Big Tech Firms as Part of a New Digital Market Initiative

    The European Union is reportedly starting a probe into how major technology companies such as Amazon, Facebook and Google exploit their size, resources and market power to stay on top. According to a recent report, the probe could potentially lead to new regulations.

    The initiative was made as part of the “Digital Single Market Strategy,” which was announced by the European Union Vice President Andrus Ansip, is originally intended to help European online businesses compete with American rivals, which control a large portion of the global market. As part of the initiative, the Union is likely to update European copyright laws and make it easier for companies to deliver packages across international borders alongside several policy changes that are said to be even wider.

    The main focus areas of concern with big tech firms are reportedly whether they are fully transparent about how each search result is displayed and whether they promote their own services to the point of hurting others. Two of the leading powers in the European Union, both France and Germany, have asked for regulation of “essential digital platforms” that end up accounting for much of the Internet. An example of this is Google which is the world’s leading search provider and seemingly the default option in several web browsers.

    As of right now, there isn’t any news of Apple being subject to the probe but it may be likely as the App Store is the only source of iOS apps while iTunes controls music downloads. We’ll have to wait and see though.

    Source: Reuters
    This article was originally published in forum thread: European Union to Probe Big Tech Firms as Part of a New Digital Market Initiative started by Akshay Masand View original post