EU hits Amazon with record-breaking $887M GDPR fine over data misuse

Luxembourg’s National Commission for Data Protection (CNPD) has hit Amazon with a record-breaking €746 million ($887m) GDPR fine over the way it uses customer data for targeted advertising purposes. Amazon disclosed the ruling in an SEC filing on Friday in which it slammed the decision as baseless and added that it intended to defend itself […]

Biden’s sweeping executive order takes on Big Tech’s ‘bad mergers,’ ISPs and more

The Biden administration just introduced a sweeping, ambitious plan to forcibly inject competition into some consolidated sectors of the American economy — the tech sector prominent among them — through executive action. “Today President Biden is taking decisive action to reduce the trend of corporate consolidation, increase competition, and deliver concrete benefits to America’s consumers, […]

India’s central bank says growing presence of Big Tech in financial services a concern

India’s central bank has identified Big Tech’s push into financial services as a challenge for banks in the South Asian market, saying the growing presence of these firms have prompted concerns about creation of an uneven playing field. In a report published on Thursday, Reserve Bank of India (RBI) said Big Tech offers a wide […]

Apple’s App Store to face scrutiny in Germany as FCO opens ‘market power’ proceeding

Germany’s competition authority, the FCO, has completed its Big Tech GAFA ‘bingo’ card by opening a proceeding against Apple. As with similar investigations already opened this year — into Amazon, Facebook and Google — the proceeding will determine whether or not the iPhone maker meets the threshold of Germany’s updated competition law. The 10th amendment […]

UK’s CMA opens market study into Apple, Google’s mobile ‘duopoly’

The U.K.’s competition watchdog will take a deep dive look into Apple and Google’s dominance of the mobile ecosystem, it said today — announcing a market study which will examine the pair’s respective smartphone platforms (iOS and Android); their app stores (App Store and Play Store); and web browsers (Safari and Chrome).  The Competition and […]

Facebook’s use of ad data triggers antitrust probes in UK and EU

Facebook is facing a fresh pair of antitrust probes in Europe. The U.K.’s Competition and Markets Authority (CMA) and the EU’s Competition Commission both announced formal investigations into the social media giant’s operations today — with what’s likely to have been coordinated timing. The competition regulators will scrutinize how Facebook uses data from advertising customers […]

Amazon’s market power to be tested in Germany in push for ‘early action’ over antitrust risks

Germany’s Federal Cartel Office (FCO) is seeking to make swift use of a new competition tool to target Big Tech — announcing today that it’s opened a proceeding against e-commerce giant Amazon. If the FCO confirms that Amazon is of “paramount significance for competition across markets” — as defined by an amendment to the German […]

Big Tech is now worth so much we’ve forgotten to be shocked by the numbers

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. If you want it in your inbox every Saturday morning, sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. TechCrunch isn’t a public-market-focused publication. We […]

UK’s Digital Markets Unit starts work on pro-competition reforms

A new UK public body that will be tasked with helping regulate the most powerful companies in the digital sector to ensure competition thrives online and consumers of digital services have more choice and control over their data has launched today. The Digital Markets Unit (DMU), which was announced in November last year — following […]