A PYMNTS Company

EU: Vestager warns against new regulations for internet companies

By  |  June 18, 2015

The European Union should be wary of creating new regulations targeting large internet companies like Google and Facebook, the bloc’s antitrust chief Margrethe Vestager said Thursday, arguing that the bloc should seek to enforce existing antitrust laws to keep big companies in check.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Senior EU officials have floated a plan to create a new EU-wide regulator for a swath of mainly U.S.-based Internet companies, amid concerns that some of these firms are obstructing access to key online markets, according to an internal document seen by The Wall Street Journal.

    Speaking at an event in London, Ms. Vestager said it would be “tricky” to design EU regulation targeting the various large Internet firms like Facebook, Amazon.com and eBay because it was hard to establish what they had in common besides “facilitating something.”

    Full content: Nasdaq

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.