Big tech’s smart devices may need European Union rules if antitrust probes can’t tackle “systemic” problems on how they may gather data and lock in users, EU digital chief Margrethe Vestager warned.
According to Bloomberg, regulators have concerns about the so-called internet of things after wrapping up a sweeping antitrust inquiry into voice assistants like Amazon.com Inc.’s Alexa and Apple Inc.’s Siri, she said at a speech in Prague on Monday. An EU report highlighted potential issues with how devices work together, how they gather data and how companies’ practices may keep users within their own product range.
“If we see that things are systemic, this is not enough to find it and fine it and punish it one place when it’s everywhere, then of course, we need to do more. We need to call upon regulation,” Vestager said.
EU antitrust probes of Meta Platforms Inc., formerly known as Facebook, and Alphabet Inc. unit Google are “quite advanced” Vestager also said. They are still at an earlier stage compared to other investigations into Apple and Amazon, she said.
The EU is currently in the final stages of discussing wide new rules to curb big tech power, that could also hit voice assistants.
“The goal of the Digital Markets Act is really simple: Keep markets open, contestable for every business out there. And the way to do it is to stop gatekeepers from misusing that enormous power,” she said.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Throws the Bag: Tapestry’s Capri Deal Blocked Over Market Monopoly Concerns
Apr 22, 2024 by
CPI
Italy’s Antitrust Authority Investigates Enel’s Communication of Energy Price Hikes
Apr 22, 2024 by
CPI
UK Data Regulator Uncovers Flaws in Google’s Privacy Sandbox Proposal
Apr 22, 2024 by
CPI
Japan’s Antitrust Body Orders Google to Amend Ad Search Practices
Apr 22, 2024 by
CPI
Senator Blackburn Blasts Ticketmaster Amid DOJ Probe
Apr 22, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI