EU Parliament backs tough new rules to rein in U.S. tech giants

EU Parliament backs tough new rules to rein in U.S. tech giants

EU Parliament backs tough new rules to rein in U.S. tech giants

Information about EU Parliament backs tough new rules to rein in U.S. tech giants

Kevin David Scam or Legit


By Foo Yun Chee
BRUSSELS (Reuters) – EU lawmakers voted on Wednesday to beef up draft rules to rein in U.S. tech giants, including extending the scope to their retailing activities and to their business users outside Europe, as part of their common position in forthcoming talks with EU countries.
The Digital Markets Act (DMA), unveiled by EU antitrust chief Margrethe Vestager last December, sets out a list of dos and don’ts for U.S. tech giants designated as online gatekeepers with fines up to 10% of global turnover for violations, a global first.
Vestager’s proposal targets Amazon, Apple, Alphabet unit Google and Facebook but the European Parliament wants to extend it to travel website booking.com, China’s Alibaba and online retailer Zalando.
EU lawmakers also want the rules to apply …

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