E.U. planning stricter regulation for big tech firms ‘hit list.’

big tech firms

European Union regulators are preparing a ‘hit list’ of up to 20 large internet companies, potentially including Apple, Facebook, Amazon and Alphabet’s Google, who will face new and tougher security rules aimed at limiting their market power, the Financial Times reported.

The big technology platforms will need to comply with tougher regulations in comparison to smaller competitors, the newspaper confirmed on Sunday, citing people familiar with the discussions.

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The latest rules will force the firms to share data with rivals and be increasingly transparent on how they gather information. The list will be based on parameters like the number of users and market share, the newspaper added, though the exact number of companies and their precise criteria for the list is still under discussion.

Source: reuters