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APPLE INC.

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EU Parliament agrees on proposal to take on U.S. tech giants

01/20/2022 | 12:33pm EDT
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels

BRUSSELS (Reuters) - The European Parliament on Thursday signed off on a proposal for new rules aimed at U.S. tech giants, paving the way for talks on the plan with member countries and the European Commission.

The Digital Services Act, a proposal from EU antitrust chief Margrethe Vestager, would force Amazon, Apple, Alphabet unit Google and Facebook owner Meta to do more to tackle illegal content on their platforms or risk fines up to 6% of global turnover.

Vestager's proposal still needs to be ironed out with EU countries and lawmakers before it can become law, the first of its kind in the world.

The European Parliament adopted the proposal with 530 votes in favour, 78 against and 80 abstentions.

"With a huge majority, the European Parliament adopted the Digital Services Act. A big win, with support from left to right," Dutch lawmaker Paul Tang said on Twitter.

Christel Schaldemose, a Danish lawmaker, who is leading the Parliament's negotiating team, said: "Online platforms have become increasingly important in our daily life, bringing new opportunities, but also new risks. It is our duty to make sure that what is illegal offline is illegal online."

France, which holds the rotating EU presidency, aims for an agreement in the first half of 2022.

(This story removes incorrect reference to "next year" in third para)

(Reporting by Sabine Siebold, Bart Meijer and Marine Strauss; Editing by Jan Harvey and Jane Merriman)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.38% 2288.9 Delayed Quote.-20.99%
AMAZON.COM, INC. -1.99% 2216.21 Delayed Quote.-33.53%
APPLE INC. -1.07% 145.54 Delayed Quote.-18.04%
META PLATFORMS, INC. 0.71% 200.04 Delayed Quote.-40.53%
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Financials (USD)
Sales 2022 394 B - -
Net income 2022 99 897 M - -
Net cash 2022 63 669 M - -
P/E ratio 2022 23,7x
Yield 2022 0,62%
Capitalization 2 356 B 2 356 B -
EV / Sales 2022 5,82x
EV / Sales 2023 5,44x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
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Mean consensus BUY
Number of Analysts 45
Last Close Price 145,54 $
Average target price 189,55 $
Spread / Average Target 30,2%
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Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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