Lawmakers in Europe are within striking distance of passing a sweeping set of regulations that would limit how the largest digital platforms can use their immense power for their own commercial advantage. Find out more at 🚀 Engineering
said at a meeting on Thursday that “[w]e are putting an end to the so-called ‘Wild West’ dominating our information space.” He hopes the legislation will be “[a] new framework that can become a reference for democracies worldwide.”
The law would likely limit how Google is allowed to collect and combine user data from across its wide range of services, significantly changing its digital advertising model. The company would probably be forced toIt's not just consumers that stand to benefit from the changes, Vestager says. Senior Meta executive Nick Clegg laid out several reasons for his company's opposition to the bill in a
He also calls for"a consumer benefit test to ensure" that rules preventing large platforms from giving their own services preferential treatment"don’t shut out newcomers who would deliver cheaper and better services," pointing to"broadband companies offering TV services to compete with broadcasters" as an example.Meta and other companies have invested tens of millions of euros to circulate arguments like these to the highest levels of the European government.
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