EU Is Completing Rules To Reign In Big Tech

The European Union plans to introduce new proposals in coming weeks aimed at changing behavior  of large online platforms, reported The Wall Street Journal.

The European Commission, the bloc’s executive arm, is completing regulatory plans outlining how online platforms should remove illegal content quickly and refrain from using their power to quash rivals or push their own products on their sites. The Commission plans sanctions for violators that include fines and possible separation of assets, according to people familiar with the matter.

Under the plans, the bigger and more influential a company, based on criteria including market share and revenue, the more obligations it will shoulder. The rules, though not targeting any specific company, are likely to apply to US tech companies including Alphabet ’s Google, Facebook, and Amazon, according to EU officials.

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