Europe makes latest move to rein in online giants and ensure they treat smaller rivals and users fairly
Once rules are implemented, tech companies will have to tell companies how their products rank on platformsStrasbourg — Google and Amazon will have to tell companies how they rank products on their platforms, while Facebook and other tech firms will have to be more transparent about their terms and conditions under new EU rules approved on Wednesday.
The European Parliament gave the green light to the new laws on Wednesday, which will have to be rubber-stamped by the European Council in the coming months before they take effect. Negotiators from all three bodies reached a political deal in February. Google’s three products Play, Shopping and Search, Apple’s App Store, Microsoft’s Store and Bing, Amazon Marketplace, eBay, Fnac Marketplace, Facebook’s Instagram, Skyscanner, Yahoo! and DuckDuckGo are some of the companies affected by the rules.
The rules include a blacklist of unfair trading practices, require companies to set up an internal system to handle complaints and allow businesses to group together to sue platforms.
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