Big tech Companies like Google and Facebook parent company Meta are set to abide by strict UK rules under a new digital watchdog aimed at giving consumers more choice online – or do face the threat of heavy fines.
The UK on Friday outlined the powers it plans for its Digital Markets Unit, a regulator set up last year to take dominance from tech giants. He did not say when the rules would come into effect, saying only that the legislation would arrive “in due course”. The new UK watchdog would enforce rules that make it easier for people to switch between iPhones and Android devices or between social media accounts without losing their data and messages.
The government’s digital department said smartphone users would have more choice of search engines and more control over how their data is used. Tech Businesses should notify small businesses that do much of their business online about changes to algorithms that could affect their web traffic and revenue. The watchdog would also have the power to resolve pricing disputes between online platforms and news publishers to ensure media companies are paid fairly for their content, the government said.
Tech companies would face fines of up to 10% of their annual global revenue for breaking the rules, which for the biggest companies would amount to billions of dollars.