UK to impose new rules to limit tech giants' power

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2020/11/27 21:13

Today's Vocabulary

1. impose (v)
to
officially force a rule, tax, punishment, etc. to be obeyed or received

2. thrive (v)
to
grow, develop, or be successful

3. regime (n)
a
particular way of operating or organizing a business, etc.

4. impacts (n)
a powerful effect that something, especially something new, has on a situation or person

5. consensus (n)
a
generally accepted opinion or decision among a group of people

6. curtail (v)
to
stop something before it is finished, or to reduce or limit something

7. rival (n)
a person,
group, etc. competing with others for the same thing or in the same area

8. innovation (n)
(the use of) a new
idea or method

UK to impose new rules to limit tech giants' power

The UK will impose new rules next year aimed at preventing Google and Facebook from abusing their market dominance. 

The new regime will attempt to give consumers more control over their data. It will also “help small businesses thrive, and ensure news outlets are not forced out by bigger rivals,” according to the government.

“There is growing consensus in the UK and abroad that the concentration of power among a small number of tech companies is curtailing growth of the sector, reducing innovation and having negative impacts on the people and businesses that rely on them,” said Digital Secretary Oliver Dowden, in a statement. 

The new code will set clear expectations for the most powerful firms over what represents acceptable behaviour when interacting with competitors and users.

Platforms that are funded by digital advertising could be required to be more transparent about the services they provide and how they are using consumers’ data.

They will be expected to give consumers a choice over whether to receive personalised advertising, and prevented from placing restrictions on their customers that make it hard for them to use rival platforms.

The code will be enforced by a new dedicated unit within the CMA. The Digital Markets Unit could be given powers to suspend, block and reverse decisions made by technology firms and to impose financial penalties for non-compliance.

Google and Facebook have previously said they are committed to working with the British government and regulator on digital advertising.

Resource: https://www.bbc.com/news/business-55097000

Discussion
  1. What type of information should you put on social networking sites?
  2. How has the Internet changed the world?
  3. Are you part of any social networks like Facebook or Google+?

“Google can bring you back 100,000 answers. A librarian can bring you back the right one.”

Neil Gaiman