A PYMNTS Company

EU: Vestager warns tech giants on data use

By  |  March 27, 2019

According to Bloomberg, the European Commission won’t shy away from using European Union antitrust rules to go after tech giants when their collection of personal data harms competition, Vestager said.

    Get the Full Story

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

    Subscribe 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.

    “Data accumulation in the hands of a single firm may raise competition concerns,” EU Competition Commissioner Margrethe Vestager said in response to a question by a member of the European Parliament.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    “When firms collect personal data, a degradation of data protection may result in harm to competition that can be addressed by EU competition law. Data accumulation and data protection have already been taken into account in EU competition cases, such as the recent Apple/Shazam and Microsoft/LinkedIn merger cases. The Commission will continue investigating any such data-related concerns in future merger and antitrust cases.”

    Read the full statement here http://www.europarl.europa.eu/doceo/document/E-8-2019-000001-ASW_EN.pdf