The competition watchdog warned that it will launch investigations into Facebook and Google within a year unless the government creates a new regulator to police powerful tech companies.
Andrea Coscelli, chief executive of the Competition and Markets Authority, said that he would take the Silicon Valley giants to task if ministers did not introduce a new regulatory framework for the technology sector.
A month ago the CMA published a highly critical report into Facebook and Google after a year-long investigation. The regulator found that Google and Facebook enjoyed an “unassailable” position in the digital advertising market, which had stifled competition.
The CMA called on the government to create a new digital watchdog to foster greater innovation in the sector. Among its recommendations were that Google
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source https://blog.jsa.digital/index.php/2020/10/19/competition-watchdog-has-tech-giants-in-its-sights-business/
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