Chinanews, December 15th, a comprehensive report, on the 15th local time, the European Union will announce a series of groundbreaking new rules to increase the management of the digital market and services, which will give Google and Facebook and other US technology giants Will have a major impact and even change its "operations".
According to reports, the European Union is about to introduce the "Digital Markets Act" and "Digital Services Act", targeting so-called "gatekeeper" companies.
Data map: American social media Facebook page.
According to a draft seen by Bloomberg, "gatekeeper" companies are defined by the European Commission based on the number of users, total revenue, and their significant impact on the single market.
If these companies do not comply with the new EU data use regulations, these "tech giants" may face fines of up to 10% of their annual revenue.
The British Broadcasting Corporation (BBC) said that the two new laws are expected to focus on competition and make platforms accountable for hosted content.
Key parts of the bill are expected to involve the dominance of big companies such as Google and Facebook.
These regulations were first proposed by Margaret Vestagel and Thierry Breton, members of the European Commission for Competition.
In a joint review article written for the Irish Times, the two suggested: "The commercial and political interests of a few companies should not be allowed to dominate our future."
"Our regulations on European digital services date back to 2000. At that time, most online platforms were almost non-existent," they wrote. "We need to update our toolbox to ensure that our rules and principles are respected everywhere. It's the same online and offline."
Technology analyst Benedict Evans said that the new regulations may have "unintended consequences."
Bloomberg said that when the new EU regulations are introduced, regulators around the world are also exerting influence on technology giants.
Regulators in relevant countries believe that technology giants have become too large, too powerful, and too profitable.
Facebook has already faced the risk of a spin-off of its business in the United States.