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EU to force bigtech companies to share data: FT

Wednesday 30 September 2020 12:10 CET | News

The European Union (EU) has announced plans to force big technology companies to share their customer data with smaller rivals, the Financial Times reported.

EU antitrust chief Margrethe Vestager would announce by the end of 2020 tough new rules under the Act, aimed to increase social media companies’ responsibilities and liability for content on their platforms, according to Reuters.

The draft suggests that bigtech companies may be banned from preferential treatment of their own services on their sites or platforms, to the detriment of rivals, according to the report. Companies should not be allowed to pre-install their own applications on hardware devices, such as laptops or phones, or force other companies to exclusively pre-install their software, it added.
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Keywords: data, bigtechs, EU, data sharing, user consent, data symmetry
Categories: Payments & Commerce | Online Payments
Countries: Europe
This article is part of category

Payments & Commerce