It’s no secret that the European Union needs an extra crackdown on tech giants, and it could use a easy shortlist to determine which firms face new restrictions. Monetary Instances sources say the EU is drafting a “hit record” of as much as 20 large tech corporations that will face harsher rules than smaller rivals, resembling necessary information sharing and larger transparency. The record can be primarily based on standards like market share, consumer counts, and the dependency others have on their platforms.
Simply who’s on the record isn’t clear. Nonetheless, it’s believed to be very US-centric and would probably embrace recognized heavyweights like Amazon, Apple, Fb, and Google. That probably wouldn’t assist tensions with the present American management, however it could additionally dovetail with a US Home subcommittee investigation that accused those self same firms of holding monopoly power that wanted regulation.
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