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EU names Amazon, Apple to face tougher regulatory scrutiny

Amazon & Apple logo.Photo/CNBC News.

Big Tech giants like Amazon and Apple with 17 others feature in European Union’s list of “very large” online platforms or search engines to face stricter controls from regulators and potentially heftier fines if they deviate from the rules in the region.

The European Commission, the executive arm of the EU, in late 2020 presented new legislation on how regulators should keep a closer eye on tech giants.

Under this Digital Services Act (DSA), which was implemented four months ago, regulators are able to police content to reduce harmful comments and set rules for the use of artificial intelligence.

Here is the full list of companies that was announced on Tuesday, which will now receive closer monitoring and tighter rules under the DSA, according to the EU.

  • Alibaba’s AliExpress
  • Amazon Marketplace
  • Apple AppStore
  • Booking.com
  • Facebook
  • Google Play
  • Google Maps
  • Google Shopping
  • Instagram
  • LinkedIn
  • Pinterest
  • Snapchat
  • TikTok
  • Twitter
  • Wikipedia
  • YouTube
  • Zalando
  • Bing
  • Google Search

These platforms will now have four months to comply with the rules under the DSA umbrella as it includes giving internet users information on why they are being recommended certain websites or other details, and the possibility to opt-out.

Failure to implement these measures could lead to fines of up to 6% of the firm’s global turnover and, ultimately, could lead to a temporary ban from operating in the European region.

Writing by Tersoo Nicholas