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EU's Vestager working on criteria to define market influence

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The EU plans to set out criteria specifying the kind of dominant companies that will face tougher rules, Europe's antitrust chief said on Monday, in a move that will likely affect Apple, Amazon, Facebook and Google.

FILE PHOTO: EU Commission Executive Vice-President Margrethe Vestager holds a news conference on Broadcom in Brussels, Belgium October 7, 2020. REUTERS/Yves Herman/Pool

Competition Commissioner Margrethe Vestager, who is drafting rules known as the Digital Services Act which will spell out how data should be shared and how digital marketplaces should operate, said she was looking into a list of criteria to define market influence or weight. “We are not done yet with this list of criteria but obviously we do not work backwards, from a list of companies to a list of criteria.

She said working with a list of criteria rather than a list of names would be a more durable approach.

 

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