UK government sets out plans to rein in Big Tech
Large tech companies such as Google and Facebook will have to abide by new competition rules in the UK or risk facing huge fines, the government said. The new Digital Markets Unit (DMU) will be given powers to clamp down on "predatory practices" of some firms. The regulator will also have the power to fine companies up to 10% of their global turnover if they fail to comply. Besides boosting competition among tech firms, the rules also aim to give users more control over their data. T...
Read More