- New regulations will target six major tech companies to improve consumer experience and data privacy. These include Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft.
- Pre-installed apps like weather and email that are difficult to delete will be disallowed, aiming to promote interoperability and reduce “gatekeeping” activities.
- Companies will be prohibited from monetizing user data collected from phone apps for advertising purposes.
- The regulations will encourage competition by allowing alternative payment systems, benefiting startups and consumers.
- The European Commission aims to empower consumers and ensure tech giants adhere to European rules, providing immediate accountability for any issues.
Sometimes a big company has to stagnate for a while for the innovation to manifest over time. Big government regulations like this don’t give them that chance.