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Stock impact report

UPDATE 1-EU Parliament committee votes for tougher EU copyright rules to rein in tech giants [Reuters]

Alphabet Inc. - Class C Capital Stock (GOOG) 
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Company Research Source: Reuters
EU Parliament committee votes for tougher EU copyright rules to rein in tech giants | Reuters 4 Min Read BRUSSELS (Reuters) - Google ( GOOGL.O ), Facebook ( FB.O ), Microsoft ( MSFT.O ) and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday. The copyright rules, proposed by the European Commission two years ago, are designed to take account of the growing role of online platforms, forcing them to share revenues with publishers and bear liability for copyright infringement on the internet. The vote by the Legal Affairs Committee is likely to be the Parliament’s official stance as it heads into negotiations with EU countries on a common position, unless dissenting lawmakers force a vote at the general assembly next month. While internet luminaries and activists and some lawmakers have criticized the EU reforms, copyright holders have applauded them. German lawmaker Julia Reda, p Show less Read more
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