After years of inaction, American authorities are falling over themselves to investigate the likes of Facebook and Google, and the U.S. presidential election campaign will probably feel the pressure from Democratic Party candidates. That’s a huge job that goes beyond market abuse and into standard-setting on data protection, AI ethics and mobile networks. With a bit of luck, Vestager will be able to overcome some of the possible contradictions in her role. The EU’s probes range across Google’s job search, Facebook’s cryptocurrency project Libra, and how Amazon.com Inc. treats its vendors. She’s been handed the same job in Ursula von der Leyen’s proposed European Commission.
Margrethe Vestager, famous for slapping vast fines on the likes of Apple Inc. and Alphabet Inc.’s Google during her tenure as the European Union’s top antitrust official, has been given the chance to do it all over again. She’s been handed the same job in Ursula von der Leyen’s proposed European Commission.
Lest it be seen as some kind of consolation prize for missing out on the top job of president (which went to von der Leyen), Vestager has also been awarded the title of executive vice president in charge of coordinating the bloc’s digital strategy. That’s a huge job that goes beyond market abuse and into standard-setting on data protection, AI ethics and mobile networks.
It’s a wise appointment that will please those who see the fight against the monopolizing powers of Silicon Valley and Seattle as being at the heart of any sensible European technology strategy. Vestager herself says the...
Read the full article @ The Washington Post