Big Tech and “stew”? An idea that the European Commissioner for Competition does not like
Source: HW Upgrade added 28th Oct 2020It is a viable route but it should not be the first choice according to Margrethe Vestager since could lead to unforeseen consequences
by Andrea Bai published 28 October 2020 , at 17: 01 in the Market channel
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The big companies of the technological and web landscape are finished, it is now known, under the careful scrutiny of the antitrust authorities, both in the US and in Europe, with the first of the two having not hidden the possibility of imposing so-called “stew” operations, ie the separation of the vertical divisions of the and various companies if there is a concentration of interests in different sectors of the market.
However, the declaration of the European Commissioner for competition Margrethe Vestager, who warned about the possibility of carrying out operations of this kind, is very recent in these hours. This is a sometimes surprising position since Vestager has in recent years peremptively led antitrust investigations against companies such as Apple, Google and Amazon .
Beware of the “stew” of big tech: it can have unforeseen consequences
During a debate on the future of web regulation within the borders of the Union, Vestager warned that although the of the “stew” could be practicable according to the current legislation of the European Union, the consequences of this decision could be important and unforeseen. The first of these could be grueling judicial battles between the companies themselves and European regulators.
“I don’t think this is something that should be put on the plate in this legislation, and I think there is a lot of attention to be paid to that kind of solution because there should be certainty how it would actually work, “Vestager said.
Vestager is one of the main hands currently working on drafting a new law on digital services. This is a legislative framework that aims to introduce aggressive new regulations towards large technology companies, such as the obligation to share data with competitors and avoid preferences for apps and services of a specific company.
Vestager’s surprising stance has caused some dissension among some of the other European officials such as Thierry Berton , Commissioner for the Internal Market, who has never hidden his intention to impose, in certain circuses