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EU planning tougher regulation for 'hit list' of big tech firms: FT

Published 10/11/2020, 05:44 PM
Updated 10/11/2020, 05:45 PM
© Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels

(Reuters) - European Union regulators are making a 'hit list' of up to 20 large internet companies, potentially including Facebook (O:FB), Apple (O:AAPL), Amazon (O:AMZN) and Alphabet's (O:GOOGL) Google, that will be facing new and tougher rules aimed at curbing their market power, the Financial Times reported https://on.ft.com/34NZ3lW.

The big technology platforms will have to comply with tougher regulation than smaller competitors, the newspaper reported on Sunday, citing people familiar with the discussions.

New rules will force the companies to share data with rivals and be more transparent on how they gather information, the report said.

The list will be made based on parameters like market share and number of users, the newspaper said, adding that the exact number of companies and the precise criteria for the list was still being discussed.

Latest comments

the EU is toothless probably will fine them a small amount so they can pretend they are relevant
These "regulators" just want to drive the stock prices of these companies down, so they can buy them cheap.
at least they didn't use "national security threat" garbage
Chamberlain tried that in the late 30s and look where that got him...
Use your brain, victim has not become you yet, time will come! Easy to talk like this! Sad!
EU is the loser in this fight
be scared if you own these companies. that's right
If they want to do hard and more regulation for those techs just go ahead and pull triggers . I have never heard they have mentioned about BABA Tencent etc with the Chinese techs
Every day hear the same ********from EU or DJO antitrust against techs and EU regulation this and that
Interesting
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