The European Union desires to arm itself with new powers to penalize large expertise firms, the Financial Times reported on Sunday.
The proposed plan contains forcing tech giants to break up or promote a few of their European operations if their market dominance is deemed to threaten the pursuits of consumers and smaller rivals, the newspaper mentioned.
The fee is about to suggest new guidelines referred to as the Digital Services Act by the tip of the yr, which can improve social media’s obligations and legal responsibility for content material on their platforms.
EU Internal Market Commissioner Thierry Breton, in an interview with the FT, mentioned the proposed cures, which might solely be utilized in excessive circumstances, additionally embody the power to exclude giant tech teams from the one market altogether.
Brussels can also be contemplating a score system that will permit the general public and shareholders to assess firms’ conduct in areas reminiscent of tax compliance and the pace with which they take down unlawful content material, the FT mentioned.
Breton was quoted as saying actions reminiscent of firms stopping customers from switching platforms or forcing clients to use just one service may lead to harder sanctions.