The big tech Regulator assembly, established in the United Kingdom, will now have extensive authority to punish every giant company they deem anti-competitive. As the country’s Department for Digital, Culture, Media, and Sport has just revealed that the digital markets unit will have the power to

The DCMS will reportedly be able to fine up to 10% off of companies’ worldwide annual turnover rate. If it doesn’t honor the code of conduct plus a 5% daily turnover for each day. Major companies will also have to make it a lot easier to switch between platforms like mobile devices and social networks and be able to break away from default apps, including search [Which could end up being very harmful to Google] The DCMS also said that this move would require tech giants to notify smaller companies when they would change algorithms to not hurt their businesses. For example, Google will have to warn stores if some changes could affect search rankings.

It also seems like the United Kingdom has borrowed a lot of cues from Australia and Canada, and sharing news publishers are paid fairly for online content and addressing pricing disputes. The effectiveness of this DMU will depend on the exact codes put in place. Also, it’s not very clear when that is going to be happening and if these new promises do hold up, they will mandate very big changes at large tech giants out there like Google, Apple, Amazon & Meta for example.