CNBC International’s Silvia Amaro talks about the EU’s move to stop the market’s big tech monopoly. The committee has set up inquiries against companies like Facebook, Google, and Amazon. The smaller startups cannot compete in the European market or hope to survive for long if monopolization continues. The commission stated that the current policies could not prevent the big tech monopoly, so those need to be updated to address these situations. Many European countries have individual plans to tax popular technology brands. However, their isolated implementation would not be that effective unless all joined hands to combat the shared issue. Want to know more? Find out more from the video.