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Print this article Countries are curbing the power of Big Tech companies such as Facebook and Google by regulating anti-competitive behavior and content moderation, imposing high fines for rule violations, and threatening to break them up. Much of this global activity has influenced U.S. lawmakers to move to crack down on tech firms. Federal agencies are suing tech giants, including Facebook and Google, for anti-competitive behavior. Meanwhile, members of Congress have introduced bipartisan legislation regulating online platforms and are considering breaking some firms up altogether. Democra...

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The package of laws is the biggest shakeup in EU digital policy in decades and is part of a wider fight against the dominance of large U.S. tech companies like Google, Amazon, Facebook and Apple. Failure to comply with the Digital Markets Act — which targets the business models of digital platforms — could result in fines as high as 10% of the companies' annual global revenues, similar in scale to fines recently announced by the U.K. as part of new online safety rules. Companies that repeatedly break the rules could even be forced to divest parts of their business. Global regulators have ...