Regulators in the EU are reportedly drawing up a list of around 20 tech giants that they want to comply with tougher rules.
U.S. tech giants could be added to a new EU "hit list," according to a report published by The Financial Times.Brussels has become increasingly concerned that some tech companies hold too much power.
EU Commissioner of Competition Margrethe Vestager speaks during an interview to AFP at the European Commission in Brussels on May 3, 2019.The likes of Apple, Google and Facebook could soon find themselves on a new EU "hit list" that's designed to curb their market power and increase competition. Regulators in the European Union are drawing up a list of around 20 large internet companies they want to comply with tougher rules than smaller firms, according toFirms on the list will reportedly have to share data with rivals and be more transparent on how they gather information.Worldwide Exchange
Lawmakers in Brussels want to force big tech firms to change their business practices without a lengthy investigation or the need to provide proof that they have broken laws already in place. Many of the tech giants that the EU is reportedly set to target argue that their platforms help small businesses to thrive and provide billions of people worldwide with useful tools and services.Read the full story on The Financial Times
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