![](https://www.pymnts.com/wp-content/uploads/2021/12/shutterstock_1261422955-e1623319498299.jpg)
Margrethe Vestager, EU competition and digital policy head, said the European Parliament and European Council had to move quickly to approve legislation regulating Big Tech because “it is best to get 80 percent now than 100 percent never,” per the Financial Times.
In recent weeks, the European Union has slapped hefty fines on some of the world’s largest technology companies while putting in place rules to limit how Big Tech companies like Amazon, Apple, Facebook, Google and Microsoft stifle competition with anticompetitive practices.
Related: Vestager Wants To Push Big Tech Regulation Through
“This is another way of saying that perfect should not be the enemy of very, very good,” Vestager added, adding that “another 20 years” won’t go by before the legislation is evaluated.
On antitrust concerns, cloud giant Microsoft could face a legal battle after self-hosted productivity platform Nextcloud, backed by a coalition of about 30 European companies, filed a complaint with the EU and German antitrust authorities over Microsoft’s bundling of OneDrive with Windows.
In the complaint, the Berlin-based software maker said that Microsoft is aggressively bundling its OneDrive cloud, Teams, and other services with Windows 10 and 11 which could lure users to the Microsoft 365 cloud without considering alternatives.
Related: EU Parliament Approves The Digital Markets Act
Meanwhile, the European Parliament Committee on Internal Market and Consumer Protection (IMCO) has approved another piece of legislation, the Digital Markets Act (DMA), which imposes unprecedented restrictions on big social media platforms and increases surveillance on major platforms that have “unfair terms and conditions” that lead to unfair competition.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI