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Tech giants risk breakup as EU unveils tougher rules to curb power

Companies like Amazon.com Inc, Apple Inc. or Alphabet Inc.'s Google could face fines of as much as 10 per cent of their revenue

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The regulations are some of the strictest set of technology rules to be proposed by the EU and aim to quash bad behavior

Natalia Drozdiak | Bloomberg

2 min read Last Updated : Dec 16 2020 | 1:42 AM IST

US and other major tech platforms that treat their own services more favorably, at the expense of rivals, could be forced to sell businesses and pay billion-dollar fines under strict rules unveiled by the European Union.

Under the EU’s new Digital Markets Act, companies deemed to be so-called “gatekeepers” won’t be allowed to rank their offerings above rivals on their own platforms, or use competitors’ data to compete with them, according to the new regulation released on Tuesday.

Companies like Amazon.com Inc, Apple Inc. or Alphabet Inc.’s Google could face fines of as much as 10 per cent of their

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