Tech on trial in 2021
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Regulators were tough on Big Tech last year but US and EU officials will be expected to put the likes of Facebook and Google under even more scrutiny in 2021.
Big platforms will come under renewed pressure as regulators probe their acquisitions of smaller rivals and seek to impose tougher rules to curb their power, according to law firm Freshfields’ global antitrust report.
The prediction comes amid growing unease with Big Tech, seen in Brussels as “too big to care”. EU citizens have become weary of mainly US-based companies and their apparent unwillingness to pay their fair share of taxes and intrusions into users’ privacy.
Freshfields points to budget increases for key enforcers, of which part will go to boost teams that will probe companies like Apple and Amazon. The UK’s competition market authority has seen a 19 per cent increase in its budget, while the US’s Department of Justice has had an 11 per cent rise, the law firm says.
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