The EU decided to hit the American tech giants

The EU decided to hit the American tech giants

ELSE

2020-10-12 14:00:00

The European Union determined to hit the world's biggest technology businesses and tighten requirements for them, writes signal-means-profits.com, bringing up assets. The list may additionally include up to 20 main corporations, which includes us tech giants Facebook and Apple. The EU objectives to restriction their market dominance, the newspaper writes. Large corporations may be required to percentage facts with competition and be extra transparent.

The measures being evolved are associated with court cases that the modern-day regulatory regime in Europe does now not fully support marketplace competition. Sources of the publication notice that the range of organizations and the listing of criteria are nevertheless being discussed.

The US government are also assured that IT giants are abusing their monopoly role. Democrats are calling for a new law that might limit owning structures and concurrently selling their products on them.

Apple congressmen discovered a monopoly inside the market of cell apps for iOS, and Google referred to as a monopoly within the engines like google and marketing market. Amazon, consistent with Democrats, has taken a dominant function in online retail and crushed 1/3-birthday party sellers and providers.

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