BRUSSELS (Reuters) - 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.
Slideshow ( 2 images )Breton’s comments come two weeks before he is due to present draft rules known as the Digital Services Act (DSA) and Digital Markets Act (DMA), 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.
Forcing companies to break up would be a last resort, said Breton, the EU’s internal market commissioner.
Big technology companies seeking acquisitions may also be required to inform the European Commission - the EU executive body - of their intentions, Breton said.
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