A new online competition regulator in the U.K. will target the likes of Facebook and Google in the latest push to rein in the power of technology giants in Europe.
The Digital Markets Unit, or DMU, was launched by the British government on Wednesday, though its power to levy fines isn’t expected to come until next year, according to the Wall Street Journal. Parliament must approve legislation governing the regulator’s oversight abilities before it has real power to police…
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