EU antitrust chief Margrethe Vestager is urging lawmakers to approve legislation aimed at regulating Big Tech because “it is best to get 80 percent now than 100 percent never.” Vestager’s call for action follows nearly a year of negotiations and delays with EU lawmakers who have yet to hammer out the final points of the Digital Markets Act (DMA) and the Digital Services Act (DSA).
Antitrust chief Vestager urges European legislators to pass legislation aimed at regulating Big Tech
Legislation aimed at regulating the anti-competitive growth of Big Tech firms such as Apple and Google has been hit by setbacks caused by internal EU political disputes. Ahead of the FT-ETNO Tech and Politics forum on Monday, competition and digital policy chief Margrethe Vestager said “It’s important that everyone realizes that it is best to get 80 percent now than 100 percent never. This is another way of saying that perfect should not be the enemy of very, very good.”
According to The Irish Times, the antitrust chief has suggested that the rules could be reviewed and reevaluated at a later date if adjustments are needed once they have been passed into law.