A PYMNTS Company

EU Plans Broad Enquiry Into Tech

By  |  February 12, 2020

EU antitrust regulators plan to open an enquiry into the tech industry, according to a European Commission document seen by Reuters, a sign of more regulatory troubles ahead for Google, Facebook, Amazon and other online groups.

The document also said competition enforcers were considering regulating the behavior of dominant companies as a preventive measure, a move that would address concerns that regulatory actions sometimes come too late to repair the harm suffered by smaller rivals.

The proposed enquiry comes on top of other legislation planned this year aimed at reining in the powers of dominant companies and helping European companies to compete more effectively with them as well as with Chinese rivals.

Full Content: Reuters

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