Google to Face a New Regulator as U.K. Plans Tech-Focused Agency
- Government plans new rules to rein in largest tech companies
- Digital Markets Unit to begin functioning in April, U.K. says
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The U.K. government approved plans for a separate regulatory program for companies including Facebook Inc. and Google, saying the new competition unit would be given powers to impose fines to rein in the dominance of the largest tech companies.
The Digital Markets Unit will be housed inside the antitrust regulator from April, with powers to enforce a new code of conduct and potentially “suspend, block and reverse decisions of tech giants,” the U.K government said Friday.