Tech Giants Gird for Business Threats Under Strict New EU Laws
- Sweeping new EU rules for platforms to be unveiled on Dec. 15
- Tech executives warn on risks to innovation, competition
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U.S. tech giants are bracing for new laws that could force sweeping changes to how they operate in Europe, with significant fines or, in extreme cases, orders to break up the worst offenders.
The new Digital Markets Act, set to be proposed by the European Union on Tuesday, targets so-called gatekeeper companies, platforms with the power to control distribution in their markets.