The EU has been working to make powerful tech companies less powerful, and the bloc is building a list of businesses that are in its crosshairs, FT reports.
The “hit list” includes up to 20 of the largest internet companies – based on market share of revenues and the number of users – that will be subject to new and far more stringent rules.
New regulations would force them to share data with rivals and make them more transparent on how they collect information, without resorting to costly and drawn-out investigations or proving antitrust.
A number of Big Tech names, including Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) and Google (GOOG, GOOGL) are already under antitrust scrutiny in the U.S., and last week a House subcommittee said Congress should consider breaking up some companies.
Previously: Feds consider forcing Google to sell Chrome, parts of ad business – report (Oct. 10 2020)