U.K. Lawmakers Recommend Harsher Penalties for Tech Companies

Damian Collins, the policy maker who spearheaded the inquiry, called for Parliament to create new laws to help a proposed regulator oversee the industry, with fines for companies to be calculated based on their revenue. “Companies like Facebook exercise massive market power which enables them to make money by bullying the smaller technology companies and developers who rely on this platform to reach their customers,” Collins said in a statement Monday.

from Yahoo News - Latest News & Headlines https://yhoo.it/2XaBIX4