France and Netherlands Aim for New Rules on Big Tech

France and the Netherlands are reportedly proposing new rules by the European Union (EU) to regulate tech giants such as Google, Facebook, and Amazon, CNBC reported.

“Our common ambition is to design a framework that will be efficient enough to address the economic footprint of such actors on the European economy and to be able to ‘break them open,” said Cedric O, the Secretary of State for Digital Transition in France.

“The Commission is considering how to holistically improve the functioning of digital markets by using insights gathered during these (public) consultations,” a spokesperson was quoted by the American network as saying.

“The Commission is in the process of finalizing the larger evidence gathering process and remains committed to make legislative proposals by the end of 2020.”