New EU Regulations Could Spell Trouble for Apple, Alphabet, and Others
The European Commission detailed two proposed pieces of legislation on Tuesday aimed at curbing the power of tech giants including Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). The institution, which is responsible for introducing proposed legislation and implementing laws in the European Union, is aiming to reduce the influence of Big Tech and create a more favorable environment for smaller software companies.
The legislation has yet to be voted on by EU member states, but policy experts believe that the suggested changes could be rapidly adopted, according to a report published by CNBC. If enacted, the proposed rules would require mobile operating system owners, including Apple and Alphabet, to allow users to uninstall default software from their devices. The proposed legislation also includes a provision that would bar platform owners from giving priority to their own applications in search engines.
Image source: Getty Images.
Source Fool.com
