Danish officials say Margrethe Vestager, known for hitting Big Tech with multibillion-euro fines, is not being considered as EU antitrust chief for a third term (Financial Times)
Margrethe Vestager, the European Union’s formidable antitrust chief known for her tough stance on Big Tech, may not be considered for a third term, according to Danish officials. This development, reported by the Financial Times, could signal a significant shift in EU’s approach to regulating tech giants.
Vestager, who has held the position since 2014, has become synonymous with the EU’s efforts to rein in the power of major technology companies. During her tenure, she has imposed multibillion-euro fines on industry behemoths like Google, Apple, and Amazon, earning her the nickname “Silicon Valley’s worst nightmare.”
The Danish competition commissioner’s potential departure raises questions about the future direction of EU antitrust policy. Vestager’s aggressive approach has been credited with putting Europe at the forefront of global efforts to regulate Big Tech, often outpacing similar initiatives in the United States.
Some of Vestager’s most notable actions include:
1.A €4.34 billion fine on Google for anticompetitive practices related to its Android operating system
2.Ordering Apple to pay €13 billion in back taxes to Ireland
3.Launching investigations into Amazon’s use of data from independent sellers on its platform
While her tough stance has won praise from consumer advocates and smaller tech companies, it has also faced criticism from some quarters for potentially stifling innovation and harming European competitiveness.
The decision not to consider Vestager for a third term could reflect a desire for a fresh approach or a response to pressure from tech industry lobbyists. However, it’s important to note that official nominations for the next European Commission have not yet been made.
As the EU continues to grapple with challenges posed by rapidly evolving technology and powerful tech corporations, the choice of Vestager’s successor will be closely watched. Whoever takes on the role will inherit a legacy of robust enforcement and the ongoing task of ensuring fair competition in the digital age.