A break-up of U.S. social media company Facebook would be a solution of last res...
FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc's F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam/File Photo
PARIS - A break-up of U.S. social media company Facebook would be a solution of last resort that would probably generate long judicial procedures, EU Competition Commissioner Margrethe Vestager said on Friday. The EU antitrust chief was asked about Facebook at the VivaTech technology conference in Paris after leading U.S. Democratic politicians and one of Facebook’s co-founders recently spoke in favor of a break-up of the company.
“Of course it would be a remedy of very last resort. I think it would keep us in court for maybe a decade. It is much more direct and maybe much more powerful to say we need access to data,” Vestager told reporters. Facebook founder Mark Zuckerberg’s co-founder and former college roommate Chris Hughes this month used a New York Times opinion piece to urge U.S. regulators to break up the tech giant.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EU presidential candidate Vestager wants global push on digital taxesThe competion commissioner has already issued big fines to tech firms over antitrust concerns.
Weiterlesen »
Google, Facebook, Twitter rapped for not doing enough in EU fake news fightFacebook, Google and Twitter were reprimanded by the European Commission on Frid...
Weiterlesen »
Facebook takes down fake Italian accounts ahead of EU electionFacebook said on Sunday it had taken down numerous Italian accounts on its platf...
Weiterlesen »
Facebook removes fake Italian accounts ahead of EU electionFacebook says it has shut down some Italian accounts that were phony and pages that were spreading fake news ahead of European Union parliamentary elections.
Weiterlesen »
Merkel dismisses speculation she could move to big EU jobGermany's Angela Merkel reaffirmed on Thursday that she would leave politic...
Weiterlesen »
Stung by U.S. sanction threats, EU seeks ways to boost the euroThe European Union is seeking new ways to widen use of the euro and counter the ...
Weiterlesen »
EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX riggingBarclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a com...
Weiterlesen »
Stung by U.S. sanction threats, EU seeks ways to boost the euroThe European Union is seeking new ways to widen use of the euro and counter the ...
Weiterlesen »
Consumer bodies seek to force Alibaba portal to honor EU shoppers' rightsConsumer bodies from Belgium, France, Italy, the Netherlands, Portugal and Spain...
Weiterlesen »
In what may be Britain’s last European election, Nigel Farage’s new Brexit Party is expected to dominateNext week’s vote could influence efforts to leave the E.U. and the future of Theresa May.
Weiterlesen »
To your health! Romania, Hungary push for brandy rights ahead of EU voteRomania and Hungary are pushing the EU to make it easier for orchard farmers to ...
Weiterlesen »