Business
Tech titans’ global dominance suddenly hits a wall of punishment – Sydney Morning Herald
The European Union has unveiled tough new proposals for regulating the biggest technology companies, with massive penalties for non-compliance.
The Digital Markets Act covers anti-competitive behaviours and would ban some behaviours by what the EU described as gate-keepers companies with EU revenues of more than 6.5 billion ($10.5 billion) or a market capitalisation of at least 65 billion and more than 45 million active end-users.
Companies caught by those thresholds would be prohibited from linking access to one of its services to purchases of another or giving preferential treatment to their own services or products over competitors….
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