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TEXXR

Chronicles

The story behind the story

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UK to launch the Digital Markets Unit, a division of CMA, in April to “govern the behavior” of platforms that dominate the market, including Google and Facebook

- The U.K. government said it plans to create a Digital Markets Unit (DMU) to enforce “a new code to govern …

CNBC Sam Shead

Discussion

  • @cmagovuk @cmagovuk on x
    The govt has accepted, in principle, the findings of our study into online platforms and digital advertising, and has committed to a new pro-competition regime to help tackle the market power of tech giants like Google and Facebook. read more 🔽 https://www.gov.uk/... https://twit…
  • @rasmus_kleis Rasmus Kleis Nielsen on x
    “The UK is to create a new tech regulator to try to hold huge online platforms such as Google, Facebook and Amazon in check against their smaller rivals”, following Furman et al's recommendation. https://giftarticle.ft.com/...
  • @dcms @dcms on x
    We're helping to make the tech sector fairer with our new Digital Markets Unit. Developed with @BEISgovuk, the unit will ensure innovative start-ups can compete online. Read more: https://www.gov.uk/... https://twitter.com/...
  • @aloksharma_rdg Alok Sharma on x
    Our new pro-competition regime, Digital Markets Unit & code of conduct will ensure consumers have more choice and control over their data, and help stop smaller firms being pushed out of the digital services market 👇🏽 https://www.gov.uk/... https://twitter.com/...
  • @benedictevans Benedict Evans on x
    UK regulating ‘big tech’: 2018: HMG commissioned Furman report into tech competition: published in 2019. 2019: Competition authority starts a study into search and adtech, published this July 2020: HMG says it will set up a new tech competition unit in 2021
  • @james_muldoon_ James Muldoon on x
    The problem with Big Tech is not just market dominance, but the commodification of our social lives. New UK tech regulator will struggle to make a dint if it just tries to promote smaller tech companies using exactly the same model. https://www.theguardian.com/ ...
  • @renewparty @renewparty on x
    On the face of this story, control of big tech seems a good response to the issues of the last few years. Scratch the surface, however, and we are being sucked into a bun fight between platforms and the media. It's about influence and money. Not us. https://www.theguardian.com/ .…
  • @damiancollins Damian Collins on x
    This is an important step in bringing fairer competition and challenging the abuse of market power from the big tech companies - New UK tech regulator to limit power of Google and Facebook | Technology | The Guardian https://www.theguardian.com/ ...
  • @badams Barry Adams on x
    I'm in two minds about this. Let's be honest - regulation is necessary, but individual countries lack the leverage to do it effectively. This needs to be a European project. https://twitter.com/...
  • @alexhern Alex Hern on x
    Morning! The UK is preparing to regulate tech monopolies. https://www.theguardian.com/ ...
  • @cyberalexi Dr. Alexi Drew on x
    Gee, wouldn't it be great to create better governance, accountability, and market practice legislation for big tech! If only there was a multi-national group with tech governance experience and the economic/regulatory weight to make it happen... https://www.theguardian.com/ ...
  • @fabiochiusi Fabio Chiusi on x
    “The code will only affect those companies deemed to have “strategic market status”, though it has not yet been decided what that means, nor what restrictions will be imposed” https://www.theguardian.com/ ...
  • @business @business on x
    U.K. approved plans for a separate regulatory program for companies including Facebook and Google, with the new unit having powers to impose fines to rein in the dominance of the largest tech companies https://www.bloomberg.com/...
  • @hendopolis Neil Henderson on x
    TELEGRAPH BUSINESS: Britain tries to break Big Tech stranglehold #TomorrowsPapersToday https://twitter.com/...
  • @edvaizey Ed Vaizey on x
    Good to see Digital Markets Unit being established within @CMAgovUK - as recommended by @LordsCommsCom https://twitter.com/...