Europe’s anti-cartel chief, Margrethe Vestager, architect of landmark rules aimed at limiting the power of America’s tech giants, called on Thursday for a comprehensive approach to big tech companies to prevent them from being left behind. take advantage of gaps in law enforcement.
Ms Vestager, who has fined Google billions of euros and launched investigations into Apple, Amazon and Facebook, said there was global agreement on the issues raised by major digital platforms.
“This debate is no longer a hot topic among competition practitioners, but it is attracting strong political attention“, she said at a conference organized by the German Cartel Office.
Ms Vestager urged antitrust watchdogs around the world to work together to tackle this problem.
“Close cooperation will be necessary because we will not miss work and we will not miss new services or new practices to examine.“, she said.
“Needless to say, the more we, as an international competition community, are able to harmonize our approach, the less opportunity there will be for global tech giants to exploit enforcement gaps between our jurisdictions“said Ms Vestager.
US antitrust authorities and some US states are also investigating Google, Facebook and Apple. Big tech companies are also under fire from critics in South Korea, India and Australia.
Source: Margrethe Vestager, EU Antitrust Chief
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