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Large gatekeeper platforms have prevented businesses and consumers from the benefits of competitive digital markets, the gatekeepers will now have to comply with a well-defined set of obligations and prohibitions. This regulation, together with strong competition law enforcement, will bring fairer conditions to consumers and businesses for many digital services across the EU.
Found on CNN 6 months ago
At the same time, state aid enforcement needs to go hand in hand with a change in corporate philosophies and the right legislation to address loopholes and ensure transparency. We have made a lot of progress already at national, European and global levels, and we need to continue to work together to succeed.
There's also a broader issue for our societies, of whether we think it's right for companies like Google and others to have such control over the success or failure of other companies, and be free to use that power in any way they like, if we don't, then we may find that we need regulation, to make sure that these platforms use their power in a way that's fair and doesn't discriminate.
We know from our monitoring there's been a steady increase in the numbers over the last few months. The most recent figures show at least one rival appears in about one-third of new shopping boxes as compared to 15 percent of the shopping boxes back in March, similarly the share of clicks of products of rivals in Google shopping boxes also increased from 2.5 percent in February to 6.1 percent now. It's still too early to draw conclusions. We will continue our active monitoring and talk to market participants.
It is a hypothesis that not all algorithms will have been to law school. So maybe there is a few out there who may get the idea that they should collude with another algorithm who haven't been to law school either, so of course, we would like to have our own algorithms to be out there, looking into the market, figuring out if there has been collusion taking place.
Our concern is that by requiring phone makers and operators to pre-load a set of Google apps, rather than letting them decide for themselves which apps to load, Google might have cut off one of the main ways that new apps can reach customers, we are looking into the question of tying, but tying in itself is not necessarily a problem.
What we were looking at were very serious concerns. To me it was necessary to have a fourth mobile operator, that was discussed with the parties. It seems as if the remedies were not sufficient. The two telecoms operators said on Friday they had dropped plans to merge their Danish units as they could not agree terms with Europe's competition regulator. Asked if she was preparing to block the deal, Vestager said :.
However, dominant companies have a responsibility not to abuse their market position either in the market where they are dominant or in neighboring markets, this is about consumers getting the best possible results of their query.
Found on FOX News 7 years ago
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