Business Today
Loading...

FB, Apple, Amazon on EU's 'hit list'; regulators to curb their market power

New rules will force the companies to share data with rivals and be more transparent on how they gather information

twitter-logoReuters | October 12, 2020 | Updated 10:12 IST
FB, Apple, Amazon on EU's 'hit list'; regulators to curb their market power

European Union regulators are making a 'hit list' of up to 20 large internet companies, potentially including Facebook, Apple, Amazon and Alphabet's Google, that will be facing new and tougher rules aimed at curbing their market power, the Financial Times reported.

The big technology platforms will have to comply with tougher regulation than smaller competitors, the newspaper reported on Sunday, citing people familiar with the discussions.

New rules will force the companies to share data with rivals and be more transparent on how they gather information, the report said.

The list will be made based on parameters like market share and number of users, the newspaper said, adding that the exact number of companies and the precise criteria for the list was still being discussed.

Also read: US lawmakers detail Big Tech's market abuses, press for strict reforms

Also read: Apple's Diwali gift: Get AirPods worth Rs 15,000 for free with iPhone 11

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close