wordpress blog stats
Connect with us

Hi, what are you looking for?

Japan joining EU, US in antitrust war on Big Tech: Report

Japan is the latest country to join the fight against Big Tech companies. The nation's antitrust regulator Fair Trade Commission (FTC) can probe market abuses by Big Tech — a term used to refer to companies like Google, Amazon, Facebook and Apple — reported Reuters. Japan will join the ranks of the US, European Union and even India and China that are looking to address the growing economic clout of the Big Tech. Kazuyuki Furuya, head of the FTC, reportedly said that Japan could open a probe into any merger or business tie-ups, provided the size of the deals is big enough. FTC is likely to look into the acquisition of FitBit for possible monopolistic behaviour by Google. Google's acquisition of the wearables company has been pending since November 2019, when it was first announced. The deal ran into trouble in the EU, which launched an in-depth probe, concerned over Google's possible of FitBit data to improve its advertisement services. Furuya said that Japan is closely watching antitrust developments, including in Europe. He also indicated at the formation of a global alliance of sorts: FTC will work closely with its US and European counterparts to respond to anti-competitive moves. Furuya explained that Big Tech have similar practices across the globe, hence necessitating global coordination. Within Japan, FTC will reportedly research the country's mobile phone market to see if it can spur more competition in it. Global distrust of Big Tech United State of America: Big Tech companies have been under intense scrutiny…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

News

Using Google Photos the Israeli Army enhanced the facial recognition technology of Corsight AI which was made to identify Hamas associated people

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ