European Regulators Intensify Scrutiny on Big Tech Titans

European regulators have been increasing their actions against Big Tech companies. Major fines have been imposed, and laws like the Digital Services Act and Digital Markets Act have been enforced to curb their power. Individual European countries are also playing a crucial role in regulating these tech giants.

European regulators have intensified their scrutiny of Big Tech, launching a series of investigations and imposing substantial fines. The primary aim is to combat anti-competitive practices among these global tech giants.

Alphabet's Google was slapped with a 2.95-billion-euro fine by the European Commission for its adtech business practices, while Meta faced fines linked to Facebook Marketplace. The Commission is enforcing new regulations such as the Digital Services Act, compelling tech firms to manage illegal content and boost transparency.

Meanwhile, the Digital Markets Act seeks to ensure a level playing field for smaller companies by curbing Big Tech's dominance. Individual European nations are also active, with the UK's Competition and Markets Authority taking steps against firms like Apple and Google to enhance competition.

(With inputs from agencies.)