A PYMNTS Company

Vestager Wants To Push Big Tech Regulation Through

By  |  November 29, 2021
Tech

Margrethe Vestager, the EU’s competition and digital policy chief, has urged the European Parliament and European Council to approve rules to curb the power of Big Tech as a matter of urgency, reported The Irish Times. 

    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.

    Speaking ahead of the FT-ETNO Tech and Politics forum on Monday, Ms Vestager said: “It’s important that everyone realises that it is best to get 80% now than 100% never. This is another way of saying that perfect should not be the enemy of the very, very good.”

    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

    Ms Vestager’s appeal comes after almost a year of discussions among EU regulators and legislators, who have struggled to agree on the fine print of the Digital Markets Act (DMA) and the Digital Services Act (DSA). The DMA was created to force so-called gatekeepers, such as Google, to ensure more equal terms on their online platforms, while the DSA seeks to clarify the way large online companies should keep illegal content off their platforms.

    Ms Vestager left open the possibility of legislators reviewing the new rules once they are enacted, which would mean bringing them before the EU Parliament and council again.

    “We won’t let another 20 years pass before we may revisit [the legislation]. With the parliament and the council’s position we can make a very strong rule book that can be enforceable soon,” Vestager said. “We have so many companies out there waiting and asking for a level playing field.”

    The latest draft of the DMA was voted through by MEPs on the European Parliament’s Internal Market and Consumer Protection Committee (IMCO) on November 22, ahead of a plenary vote in December.

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