The European Union (EU) has recently released a list of 19 tech giants who are under scrutiny for alleged anti-competitive practices. These companies have been accused of using their market dominance to undermine competition and stifle innovation, which has led to concerns about their impact on the economy and consumers.
In this blog we’ll discuss about 19 tech giants are on the EU’s new naughty list
- The EU’s latest crackdown on big tech is taking shape. The bloc yesterday released a list of companies that must adhere to the strictest rules of the landmark Digital Services Act (DSA).
- The 17 platforms and two search engines reach at least 45 million monthly active users. All of them have four months to comply with the full obligations of the DSA.
- The services are now mandated to mitigate their systemic risks and establish robust content moderation (this means you, Elon). They range from banning ads that target sensitive user data to special risk assessments for mental health impacts. Violations can be punished with fines of up to 6% of a company’s global turnover.
Here are the 19 services that have been designated:
The online platforms:
- Alibaba AliExpress
- Amazon Store
- Apple AppStore
- Google Play
- Google Maps
- Google Shopping
The search engines:
- Google Search
The rulings are another milestone in the EU’s mission to lead the world in tech regulation. Still, that doesn’t mean the union is above marking the moment with a cringe pun.
“Today is the D(SA)-Day for digital regulation,” said Thierry Breton, Commissioner for Internal Market. “The countdown is starting for 19 very large online platforms and search engines to fully comply with the special obligations that the Digital Services Act imposes on them.”
The EU’s new naughty list highlights the growing concerns about the power of tech giants and the need for fair competition in the tech industry. The EU’s actions are a welcome step towards creating a more level playing field in the tech sector, which will benefit consumers and promote innovation. As the investigations continue, it remains to be seen what impact the EU’s actions will have on the tech industry as a whole.