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May 7, 2022 03:35 pm

The UK Government's Plan to Rein in Big Tech

The BBC reports:Large tech companies such as Google and Facebook will have to abide by new competition rules in the UK or risk facing huge fines, the government said. The new Digital Markets Unit (DMU) will be given powers to clamp down on "predatory practices" of some firms. The regulator will also have the power to fine companies up to 10% of their global turnover if they fail to comply.... The Department for Digital, Culture, Media and Sport (DCMS) said as well as large fines, tech firms could be handed additional penalties of 5% of daily global turnover for each day an offence continues. For companies like Apple that could be tens of billions of US dollars. "Senior managers will face civil penalties if their firms fail to engage properly with requests for information," the government said. However, it is unclear when exactly the changes will come into force, as the government has said the necessary legislation will be introduced "in due course...." Google's search engine, which is currently the default search engine on Apple products, will also be looked at by the regulator, the government said. It added it wants news publishers to be paid fairly for their content — and will give the regulator power to resolve conflicts. The BBC reports the new rules also "aim to give users more control over their data," and that the new regulator "will also make it easier for people to switch between phone operating systems such as Apple iOS or Android and social media accounts, without losing data and messages."

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