The EU plans to create new legislation for Facebook and other companies

Tuesday, October 13, 2020, 14:11 GMT

British media: The EU plans to create new legislation for Facebook and other companies that are in violation of or will be separated and sold under the legislation.

Overseas Network, October 12th. British media reported on Sunday (11th) that EU regulators are drafting a “blacklist” involving as many as 20 Internet giants, possibly including Facebook and Google. , Apple, Amazon, etc. These companies will face more stringent new regulatory measures to limit their market influence.

The Financial Times reported on the 11th that Internet technology giants on the list must comply with stricter regulations than smaller competitors, including sharing data with competitors and being more transparent in the way they collect information. The report pointed out that the list will be compiled based on a variety of criteria, including the market share of relevant companies and the number of users, which means that it may cover American technology giants such as Google and Facebook; the list can also add those deemed too powerful As for Internet giants whose competitors cannot trade without using their platforms. EU regulators worry that the large market share of these Internet giants will stifle competition. The list is formulated to make these Internet technology giants change their business strategies without initiating time-consuming and costly investigations to prove that these companies violate the Anti-Monopoly Law “.

The report pointed out that the list will focus on hitting US companies, which may increase friction between Washington and Brussels. As part of the new regulatory measures, the EU is seeking to go beyond fines, which are often seen as the cost of doing business. Instead, Brussels wants to act quickly to force companies like Amazon and Apple to ensure that they can allow competitors to access and share data with competitors. In extreme cases, the EU will seek to solve structural problems by solving large-scale technical problems or by forcing companies to split and sell.

The analysis pointed out that the US-EU trade war and the monopoly of technology companies have lasted for many years, and the “blacklist” may exacerbate tensions between EU regulators and US Internet technology giants. The new head of EU trade, Valdis Dombrovskis, further hinted at the tense trade tensions. He told the United States that unless punitive tariffs on EU products of more than 7 billion U.S. dollars are lifted, it will be prepared to impose a tariff Additional tariffs are imposed on products exported to Europe.

The EU is also preparing a proposal to comprehensively reform the EU’s Internet rules, which is the first time this work has been done in 20 years. Proposals for the new “Digital Services Act” are expected to be released in early December. The bill will seek to increase the platform’s responsibility for regulating illegal content or selling products online.