Germany Takes Aim at Internet Giants
- Federal Cartel Office head Andreas Mundt presents 2017 report
- Open markets, consumer protection in digital markets key
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American technology giants such as Facebook Inc. will continue to face regulatory pressure in Europe, Germany’s antitrust chief warned.
The Federal Cartel Office is focusing on protecting competition in the digital economy through a strategy "against big internet companies," its President Andreas Mundt said at a press conference in Bonn on Monday. The approach consists of two layers: keeping markets open for new players, and making sure consumers can pick products and services in a fair and transparent environment.