UK Outlines Plan to Increase Oversight of Big Tech Firms Like Apple and Google
-
UK's competition regulator outlines how it plans to regulate big tech firms like Apple and Google that achieve "strategic market status" under new rules.
-
Regulator expects to open 3-4 investigations in first year to determine which meet criteria for increased oversight.
-
Big tech firms designated could face interventions like preventing self-preferencing and increased data/functionality access for competitors.
-
Regulator aims to move quickly on issues, focus on consumer choice/privacy/experience beyond just pricing, and apply pro-competition lens.
-
Though ahead of UK a few years ago, delays mean reforms lag behind EU and Germany - so impact remains to be seen.