This is huge and long coming. Bravo to the EU! It will enable more competition in critical markets, across the EU ( at least, if big tech companies decide to c

This is huge and long coming. Bravo to the EU! It will enable more competition in critical markets, across the EU ( at least, if big tech companies decide to comply only within the EU and keep their platforms closed elsewhere, but IMHO that wouldn't last long). It will curtail monopolies/oligopolies. That's the kind of thing ( like GDPR or standardising phone charger formats or investing in infrastructure) that makes Eurosceptics hard to take at face value. > Violation of the rules could lead to fines as high as 10 percent of a company's annual global sales and even 20 percent for repeat offenders. That's how fines are done. They'll no longer be "cost of business". An article with some more detail, including when the new rules would apply (that I've submitted on HN but seems that the post is dead): https://www.axios.com/europe-agrees-on-big-new-package-of-tech-rules-a1a0bc8b-3ff1-48ee-93bf-56f7b7f7ef2f.html https://www.axios.com/europe-agrees-on-big-new-package-of-te...