The proposed plan includes forcing tech giants to break up or sell some of their European operations if their market dominance is deemed to threaten the interests of customers and smaller rivals, the newspaper said.
The commission is set to propose new rules called the Digital Services Act by the end of the year, which will increase social media’s responsibilities and liability for content on their platforms. EU Internal Market Commissioner Thierry Breton, in an interview with the FT, said the proposed remedies, which would only be used in extreme circumstances, also include the ability to exclude large tech groups from the single market altogether.
Brussels is also considering a rating system that would allow the public and shareholders to assess companies’ behaviour in areas such as tax compliance and the speed with which they take down illegal content, the FT said. Breton was quoted as saying activities such as companies preventing users from switching platforms or forcing customers to use only one service could lead to tougher sanctions.
Am all for free markets and it’s about time big tech is made to play by same rules every other company if forced to play by.
Europeans are so lazy that the only way to grow their GDP is by stealing from America.
The government will forcibly dismantle or divide any one entity that can gather the support of enough people to affect changing the governments status quo of power.
America inc. Won't like this !
Replace “penalise” with “taxing them fairly” and your headline would be all the more accurate
They will always be one step ahead. This is why they're giants.
Good luck with that
Look at the PERSON that uses social media sites, the Donald has gotten banned from Twitter in multiple occasions,,,
EU cannot even control its borders and only exists because the USA military.
Can only imagine the polls when face book twitter and insta r no longer operating in europe
Because... hey, that's gonna work...
Trump's statement is extremely racist, like the Jim Crow South: 'Trump says Kamala Harris can't be the first woman to be president because she 'comes in through the back door.'' Blacks at the back of the bus; eat at back; and enter the building from the back! RAF!
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Source: Reuters - 🏆 2. / 97 Read more »
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