EU, eyeing giants like Amazon, Google and others: how it wants to penalize them

The European Union wants to arm itself with new powers to penalize large technology companies.

The proposed plan includes forcing technology giants to split or sell some of their European operations if their market dominance is considered to threaten the interests of customers and smaller rivals, According to the Financial Times, quoted by Reuters.

The European Commission is to propose new rules called the Digital Services Act by the end of the year, which will increase social media responsibilities and accountability for content on their platforms.

EU Commissioner for the Internal Market Thierry Breton said in an interview with the Financial Times that the proposed remedies, which would be used only in extreme circumstances, include the ability to exclude technology groups. large single market.

Brussels is also considering a rating system that will allow the public and shareholders to assess companies' behavior in areas such as tax compliance and the speed with which they remove illegal content.

Breton was quoted as saying that activities such as companies that prevent users from changing the platform or that force customers to use a single service could lead to harsher sanctions.

And Cecilio Madero Villarejo, deputy director general of the European Commission's competition department, recently warned that EU antitrust regulators are considering tougher regulations against technology giants, forcibly by doing more to ensure a level playing field. However, this may not be enough, especially in digital markets, explained Cecilio Madero Villarejo.

Such a decision could affect Facebook, Amazon, Apple and Google. The four companies are under scrutiny by antitrust regulators in the European Union, after their rivals complained that they are excluded from key markets. The European Commission has traditionally ordered companies to stop anti-competitive practices.

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