Now that 2024 has arrived, the Competition and Markets Authority that will be responsible for big tech antitrust decisions in the UK has made it clear that when it is fully empowered it will immediately launch several investigations against US big tech.
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A document that the group has made it clear what the plan will be to reign in what it sees as the dominance of big tech. Without naming names, the Competition and Markets Authority (CMA) will undertake three or four investigations in the first year it has full power, and it will do so in parallel.
It is promising to designate firms as having Strategic Market Status (SMS) as it pertains to digital marketshare. It will further refine designation, so it will be targeted at a "small number of firms" which will be under the purview of the group.
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App Store icon
A document that the group has made it clear what the plan will be to reign in what it sees as the dominance of big tech. Without naming names, the Competition and Markets Authority (CMA) will undertake three or four investigations in the first year it has full power, and it will do so in parallel.
It is promising to designate firms as having Strategic Market Status (SMS) as it pertains to digital marketshare. It will further refine designation, so it will be targeted at a "small number of firms" which will be under the purview of the group.
Continue Reading on AppleInsider | Discuss on our Forums