EU regulators are making a ‘hit list’ of up to 20 large internet companies. The potential list includes Facebook, Apple, Amazon, and Alphabet’s Google. The European Union will impose tough Regulations to limit their market power. The European Union will force firms to share data with rivals to ensure transparency on how they gather information,
EU is preparing the new regulatory on the parameters of market share and number of users. European Union Regulations is still discussing list of exact number of companies and the precise criteria. The EU is preparing to force big technology companies to share their customer data with smaller rivals. EU has published a another report on September 30, citing an early draft of the ‘Digital Services Act’ regulations.
EU developing regulations for the technology giants to be banned from preferential treatment of their own services on their sites or platforms, to the detriment of rivals. Further the technology firms will not be able to insist on pre-install their own applications on hardware devices, such as laptops or phones, or force to pre-install their software.