🧵 1. EU crackdown on Big Tech: Six major companies, including Google, Amazon, and Apple, designated as "gatekeepers" of online services by the EU Commission. #tech
🧵 1. EU crackdown on Big Tech: Six major companies, including Google, Amazon, and Apple, designated as "gatekeepers" of online services by the EU Commission. #tech
🧵 2. Gatekeepers must make messaging apps work with rivals and allow users to choose pre-installed apps on devices. Google and Meta's services face toughest rules.
🧵 3. Companies have 6 months to comply or could face fines up to 10% of annual turnover. Gatekeepers can request an interim measure to suspend rules but need to go to EU Court of Justice.
🧵 4. Zalando previously took the Commission to court over the Digital Services Act. EU industry chief welcomes the designation, saying impactful companies must follow EU rules.
🧵 5. Microsoft accepts gatekeeper status, while Meta, Google, and Amazon review designations. TikTok disagrees with the decision, and Apple raises concerns about privacy and data security risks.
🧵 Read more at: https://www.reuters.com/technology/big-techs-core-businesses-face-overhaul-under-eu-tech-rules-2023-09-06/