If we want to define the market, to set out what's acceptable and what isn't, then what we need is not more competition enforcement. We need regulation, so we may also need broader rules to make sure that the way companies collect and use data doesn't harm the fundamental values of our society.

Margrethe Vestager

Categorized in : Technology

In general we have a concern if companies merge because of data.

Margrethe Vestager

technology

But if it's only in your feed, between you and Facebook, and their microtargeting of who you are, that's not democracy anymore, that's just privatised de facto manipulation of who you're going to vote for.

Margrethe Vestager

technology

We may see a show of rivals in the shopping box. We may see a pickup when it comes to clicks for merchants. But we still do not see much traffic for viable competitors when it comes to shopping comparison.

Margrethe Vestager

technology

So now Google will launch a choice screen where competitors can be chosen, and also as the default, with prices that are much more affordable than in the first version. It remains to be seen how this will work but we will follow it very very closely.

Margrethe Vestager

technology

It doesn't necessarily say that now we have all cases lined up where interim measures will be used but it means that the tool is on the table, and if we find cases that live up to the two things that have to be fulfilled at the same time, yes, we will indeed use interim measures more often.

Margrethe Vestager

technology

There's also a broader issue for our societies, of whether we think it's right for companies like Google and others to have such control over the success or failure of other companies, and be free to use that power in any way they like, if we don't, then we may find that we need regulation, to make sure that these platforms use their power in a way that's fair and doesn't discriminate.

Margrethe Vestager

technology

We're looking right now at whether the same thing may have happened with other parts of Google's business – like the job search business known as Google for Jobs.

Margrethe Vestager

technology

In our modern society access to affordable and good quality broadband and TV services is almost as asked for as running water.

Margrethe Vestager

technology

Qualcomm sold these products at a price below cost to key customers with the intention of eliminating a competitor.

Margrethe Vestager

technology

We see positive developments both in the shopping and Android case.

Margrethe Vestager

technology

For us, that would be a measure of very, very last resort.

Margrethe Vestager

technology

We have some concerns. One thing is that we don't have an open case now, that doesn't preclude we don't have a case in future. We are looking at the market very closely.

Margrethe Vestager

technology

Without sufficient remedies, this merger would have resulted in higher prices for the signaling systems that keep passengers safe and for the next generations of very high-speed trains.

Margrethe Vestager

business

We know from our monitoring there's been a steady increase in the numbers over the last few months. The most recent figures show at least one rival appears in about one-third of new shopping boxes as compared to 15 percent of the shopping boxes back in March, similarly the share of clicks of products of rivals in Google shopping boxes also increased from 2.5 percent in February to 6.1 percent now. It's still too early to draw conclusions. We will continue our active monitoring and talk to market participants.

Margrethe Vestager

business

In the countries we are talking about Gazprom is still a dominant player.

Margrethe Vestager

company-news

In eight years time we will have another gas market.

Margrethe Vestager

company-news

It is a hypothesis that not all algorithms will have been to law school. So maybe there is a few out there who may get the idea that they should collude with another algorithm who haven't been to law school either, so of course, we would like to have our own algorithms to be out there, looking into the market, figuring out if there has been collusion taking place.

Margrethe Vestager

technology

The rules say if there is risk (to) financial stability, then there are exceptions for burden sharing and bail-in, the important thing is to figure out what is financial instability. So far during very serious circumstances in Spain, in Greece, in Slovenia the exceptions were never triggered.

Margrethe Vestager

company-news

So far obviously things are troublesome, but the stock market does no tell the full story of financial stability.

Margrethe Vestager

company-news

We believe that Google's behavior denies consumers a wider choice of mobile apps and services and stands in the way of innovation by other players.

Margrethe Vestager

company-news