Europe’s battle to rein in Big Tech – The Star Online
LUXEMBOURG: The European Union is on a mission to get US tech giants to stop avoiding tax, stifling competition, profiting from news content without paying and serving as platforms for disinformation and hate.
On Dec 20, the European Commission announced that online retail giant Amazon had agreed to make changes to its software to end two EU inquiries into its treatment of third-party sellers on its online marketplace.
The EU this week also warned Elon Musk that Twitter could be subject to sanctions under a future media law after the “worrying” suspension of several journalists from the messaging platform.
Here is a summary of the tussles between Silicon Valley and Brussels.
Stifling competition
The digital giants are regularly criticised for dominating markets by elbowing out rivals.
In July, the European Parliament adopted the Digital Markets Act to curb the market dominance of Big Tech, with violations punishable with fines of up to 10 percent of a company’s annual global sales….
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source: https://news.oneseocompany.com/2022/12/21/europes-battle-to-rein-in-big-tech-the-star-online_2022122137958.html
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