Admin Reporter- POOJA1

Apr 08 2021


UK launches new watchdog to keep tech giants in check

Thursday, 8 April 2021

The UK launched a tough new regulator on Wednesday, which it says will help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online.

 

 

 


The Digital Markets Unit (DMU), based within the UK’s Competition and Markets Authority (CMA), will oversee plans to give consumers more choice and control over their data, promote online competition and crack down on unfair practices which can often leave businesses and consumers with less choice and more expensive goods and services.

The UK government says it has asked the new watchdog to begin looking at how codes of conduct could work in practice to govern the relationship between digital platforms and groups, such as small businesses which rely on them to advertise or use their services to reach their customers.

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