Business Technology

Saturday 24 February 2018

EU considers clampdown on web companies

Europe's Commissioner for Competition Margrethe Vestager at a briefing on the Google anti-trust case.
Europe's Commissioner for Competition Margrethe Vestager at a briefing on the Google anti-trust case.
Gavin McLoughlin

Gavin McLoughlin

The EU is weighing up proposals to clamp down on some of the world's biggest internet companies.

The European Commission will tomorrow publish proposals for the technology industry with implications for companies from Airbnb to Google, which the EU accused of abuse of a dominant position last week.

Bloomberg reported that the Commission will in particular examine whether new regulations are needed to restrict the big firms' market power.

A Commission document seen by Bloomberg says some companies can control access to online markets and exercise significant influence over how some market players are paid, leading to concerns over the scale of their power.

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