European Union competition commissioner Margrethe Vestager will not return for a third term and will leave her post this year. according to Financial TimesAfter Vestager’s political party did not do well in previous elections, the Danish government will nominate another candidate for the post of EU commissioner. Vestager is known as one of Europe’s top antitrust authorities and has been tough on big tech companies during her tenure. He was inspired by the market abuses he uncovered over the years Creation of the Digital Markets Act (DMA) is a regulation designed to ensure that large companies do not abuse their market power.
Apple, Google, Meta and other big players in the industry have had to make changes to how they do business after the DMA came into force. For example, Google said this will start showing price comparison results from external aggregators when searching for services such as flights or hotels. It will also be easy for Android users to switch search engines. Apple has said it will allow companies to build their own app stores for iOS, but it has come up with its own strict rules. developers will have to follow.
The EU started under Vestager investigates Apple, Alphabet and Meta will explore efforts to align with the DMA in March. in an interview with CNBC Vestager later said Apple had “very serious” problems with incompatibility. Vestager also ruled in 2016 that Irish tax authorities gave Apple a “sweetheart deal” for more than a decade and ordered the company to pay 14.3 billion euros ($15.72 billion) in taxes to Ireland. EU General Court exceeded his order in 2020, but the commission appealed the decision.
The European Commission also fined Google 4.3 billion euros ($5 billion) for Android and surrounding antitrust violations 2.8 billion dollars under his guidance for making his comparison shopping services superior to others in Search. The EU recently fined Apple 1.8 billion euros ($1.95 billion). blocking music streaming services on its rival, the App Store.
European Commission President Ursula von der Leyen will start interviewing new candidates next week Time he said. Vestager is expected to be replaced this fall.
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