European Commissioner for Competition Margrethe Vestager on Thursday called for a global approach toward Big Tech companies to prevent them from taking advantage of enforcement gaps.
The antitrust chief is known for her landmark rules to curb the power of U.S. tech giants like Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:FB), Apple Inc (NASDAQ:AAPL), and Amazon.Com Inc (NASDAQ:AMZN).
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According to Reuters, Vestager, at a conference organized by the German Cartel Office, said, "It goes without saying that the more we, as an international competition community, are able to harmonize our approach, the less opportunity there will be for global tech giants to exploit enforcement gaps between our jurisdictions."
Calling for the antitrust watchdogs around the globe to work together to tackle the issue, she added that "this debate is no longer a hot topic amongst competition practitioners, but it has strong political attention."
Big Tech companies are under the regulatory scanner in different parts of the world, including the U.S., South Korea, India, and Australia.
Photo: Courtesy of Friends of Europe via Flickr
