Tech giants face fines or even break-up if they breach new rules: EU's Breton

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Tech giants that break new EU rules aimed at curbing their powers could face fines, be ordered to change their practices or even be forced to ...

Tech giants that break new EU rules aimed at curbing their powers could face fines, be ordered to change their practices or even be forced to break up their European businesses, the bloc's digital chief Thierry Breton said on Wednesday.

Breton's comments come two weeks before he is due to present draft rules known as the Digital Services Act and Digital Markets Act , which are likely to affect big U.S. players Google, Apple, Amazon, Facebook and Microsoft.The DSA will force tech companies to explain how their algorithms work, open up their advertising archives to regulators and researchers, and do more to tackle hate speech, harmful content and counterfeit products on their platforms.

"We start with a fine, then you have a bigger fine, then you may have a temporary remedy, specific remedies, then you may have at the end of the day, what we have also in the competition rules, structural separation," Breton told reporters during an online briefing.Advertisement "Structural separation is not an objective, not my objective, it is just again to make sure we have also means to act if necessary," he added.

 

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