The EU has declared war on tech giants
Announced a series of groundbreaking legislative measures that have curbed the power of Google, Facebook and the like in order to open up competition in the tech arena.
Commissioner for Competition in the Union: The law will run until October
David Wertheim
27/03/2022
Sunday, 27 March 2022, 15:37 Updated: 15:53
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The EU has announced a series of groundbreaking legislative measures that will curb the power of Google, Facebook and the like in order to open up competition in the tech arena on the continent.
According to the draft Digital Markets Act, published over the weekend, messaging apps will be required to allow users to correspond with each other and targeted ads will require explicit consent
. At least 45 million monthly active users and a platform like an app or social network.Both Google and Facebook, as well as Instagram are included under the
union
definition in the legislation.However, the social network Twitter, which is worth about $ 10 billion - outside.
It was decided to impose fines of up to 10% of the annual income of the infringing company on companies that improved the new rules, and up to 20% of the income of companies that improved more than once.
Following the approval of the draft by the Union, it will be submitted for final approval by the European Council and the European Parliament.
According to Margaret Vestager, the EU competition commissioner, "the law will pass by October."
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Facebook, Google and Twitter (Photo: Reuters)
Europe is moving in that direction following the US, where the new administration's policy continues that of Trump, restraining the power of the giants
. The decision was made by the same judge who rejected an earlier version of the lawsuit, which was filed under the Trump administration.
According to Forbes, this development could lead the meta to sell Instagram and WhatsApp.
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