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Big tech breakup? EU mulls strict rules for Amazon, Google, Apple

U.S. and other major tech platforms that treat their own services more favorably, at the expense of rivals, could be forced to sell businesses and pay billion-dollar fines under strict rules unveiled by the European Union.
Under the EU’s new Digital Markets Act, companies deemed to be so-called “gatekeepers” won’t be allowed to rank their offerings above rivals on their own platforms, or use competitors’ data to compete with them, according to the proposed regulation released on Tuesday.
Companies like Amazon.com Inc, Apple Inc. or Alphabet Inc.’s Google could face fines of as much as 10% of their revenue if they don’t comply, while a company that has repeatedly breached the rules could face orders to divest businesses, confirming a Bloomberg report on Monday. Gatekeepers will also need to inform regulators about smaller acquisitions that would otherwise fall below traditional merger-review thresholds. ....

Thierry Breton , Karan Bhatia , Margrethe Vestager , Digitalserviceact Digitalmarketsact , European Parliament , Council Of European , Digital Services , European Union , Apple Inc , Alphabet Inc , Digital Markets Act , Digital Services Act , Points From , Digital Markets , தியரி பிரெட்டன் , கரண் பாட்டியா , ஐரோப்பிய பாராளுமன்றம் , சபை ஆஃப் ஐரோப்பிய , டிஜிட்டல் சேவைகள் , ஐரோப்பிய தொழிற்சங்கம் , ஆப்பிள் இன்க் , எழுத்துக்கள் இன்க் , டிஜிட்டல் சந்தைகள் நாடகம் , டிஜிட்டல் சேவைகள் நாடகம் , பாயஂட்ஸ் இருந்து , டிஜிட்டல் சந்தைகள் ,

The EU's Digital Markets Act: There Is A Lot To Like, but Room for Improvement

After lengthy consultations and many rumors and leaks, the European Commission has released its public draft of the Digital Markets Act (DMA), which, along with the Digital Services Act (DSA,) represents the first major overhaul of EU Internet legislation in the 21st Century. Like the DSA, the DMA takes aim at the monopolisation of the tech sector and proposes sweeping pro-competition regulations with serious penalties for noncompliance.
It is one world. So #DigitalServiceAct & #DigitalMarketsAct will create safe & trustworthy services while protecting freedom of expression. Give new do’s & don’t to gatekeepers of the digital part of our world - to ensure fair use of data, interoperability & no self-preferences. ....

Margrethe Vestager , Digitalserviceact Digitalmarketsact , Digital Services Act , European Parliament , European Commission , Apple App , Digital Markets Act , App Store , டிஜிட்டல் சேவைகள் நாடகம் , ஐரோப்பிய பாராளுமன்றம் , ஐரோப்பிய தரகு , ஆப்பிள் செயலி , டிஜிட்டல் சந்தைகள் நாடகம் , செயலி கடை ,

Brussels launches assault on tech giants as crackdown gathers pace

Brussels launches assault on tech giants as crackdown gathers pace
Margarethe Vestager said the rules would allow for all businesses operating in Europe to freely and fairly compete online
15 December 2020 • 6:01pm
Brussels has unveiled sweeping new regulations to “put order into chaos” within digital markets, setting out tough restrictions for some of the world’s largest technology companies.
In two new pieces of legislation published on Tuesday, the European Commission released details of a crackdown designed to level the playing field between so-called “gatekeeper” companies and smaller businesses. Apple, Amazon, Google and Facebook are all expected to be subject to the tougher restrictions. ....

Waals Gewest , United Kingdom , Bruxelles Capitale , Andrea Coscelli , Ben Packer , Francine Cunningham , Margrethe Vestager , Oliver Dowden , Digitalserviceact Digitalmarketsact , Jason Kint , Department Of Justice , European Commission , Competition Markets Authority , Digital Services , Digital Services Act , Digital Markets Act , Digital Context , Silicon Valley , Big Tech , Online Harms Bill , Markets Authority , Federal Trade Commission , ஒன்றுபட்டது கிஂக்டம் , ப்ரூக்ஸெல்ஸ் தலைநகரம் , பென் ப்யாகர் , வெளிப்படையான கன்னிங்ஹாம் ,