EU proposes sweeping regulations on Big Tech, hefty fines for noncompliance

The European Commission on Tuesday introduced two new pieces of legislation that could implement much stricter regulations on tech giants in the European Union, and levy hefty fines for noncompliance.
Credit: WikiMedia

Those new rules are part of the Digital Markets Act and the Digital Services Act, both proposed by the EU’s executive arm Tuesday. They’re meant to curb the power of Big Tech in the EU and foster a more competitive environment for smaller companies, CNBC reported. The Digital Markets Act, for example, would implement changes that would end self-preferencing.

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