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Alphabet, Amazon, Facebook and Apple could face severe fines and potential for break up under new EU tech regulations
Facebook, Google, Apple and Amazon could face multibillion-dollar fines under new EU tech regulations MarketWatch 12/16/2020 © Denis Charlet/Agence France-Presse/Getty Images Big Tech faces landmark new regulation in the European Union that includes the possibility of multibillion-dollar fines and the breaking up of companies if they don’t comply with new rules. Popular Searches Presented on Tuesday, the European Commission’s Digital Services Act and its Digital Markets Act usher in a new era of regulation in Europe. They aim to hold technology platforms to a high standard over the content they host, and introduce new pro-competition measures for online markets.
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