EU seeks new powers to penalise big technology firms, says report

The European Union wants to arm itself with new powers to penalise big technology companies, the Financial Times reported on Sunday.
 

The proposed plan includes forcing tech giants to break up or sell some of their European operations if their market dominance is deemed to threaten the interests of customers and smaller rivals, the newspaper said. The commission is set to propose new rules called the Digital Services Act by the end of the year, which will increase social media's responsibilities and liability for content on their platforms.
 

EU Internal Market Commissioner Thierry Breton, in an interview with the FT,