It’s no secret that the European Union desires an additional crackdown on tech giants, and it might use a easy shortlist to determine which corporations face new restrictions. Monetary Instances sources say the EU is drafting a “hit checklist” of as much as 20 huge tech companies that will face harsher laws than smaller rivals, reminiscent of obligatory information sharing and better transparency. The checklist can be based mostly on standards like market share, consumer counts, and the dependency others have on their platforms.
Simply who’s on the checklist isn’t clear. Nonetheless, it’s believed to be very US-centric and would doubtless embody recognized heavyweights like Amazon, Apple, Fb, and Google. That doubtless wouldn’t assist tensions with the present American management, however it will additionally dovetail with a US Home subcommittee investigation that accused those self same corporations of holding monopoly energy that wanted regulation.