EU publishes sweeping rules for tech giants

Face fines up to 10%/Breakup

The EU has published sweeping rules for tech giants saying:
  • tech giants could face hefty fines, breakups
  • fines could be up to 10% of annual global revenue for noncompliance
  • beekeeper platforms banned from unfair practices
  • tech platforms need to remove illegal content under EU rules
The NASDAQ index is trading up 95 points at the time of the release. The index is now up 102 points or 0.82% 12542.84