European Union is currently working on what has been described as a “hit list” that would further crackdown on big tech companies, as it may use a simple shortlist to decide which companies face new restrictions.
According to a Financial Times report, the EU is drafting a “hit list” of up to 20 big tech firms that would face harsher regulations than smaller rivals, such as mandatory data sharing and greater transparency.
The list would be based on criteria like market share, user counts, and the dependency others have on their platforms. Although it’s not immediately clear who is on the list, it’s believed that tech giants like Amazon, Apple, Facebook, and Google.
That likely wouldn’t help tensions with the current American leadership, but it would also dovetail with a US House subcommittee investigation that accused those same companies of holding monopoly power that needed regulation.
We also aren’t sure when the list will be out, but proposals for the Digital Services Act that would revamp the EU’s internet regulation are due in early December, but it’s not certain if the list would be ready at the same time.
Whenever the list comes, the objective would remain the same. The EU wants to go beyond fining tech companies and instead find a way to make those companies quickly change their behavior, either by opening access to the competition or even forcing them to split up.