The new European Union Law is a nightmare for tech giants like Google, Apple and others

Tech giants such as Google, Apple, Amazon, et al are about to face rules dictating their relationships with the smaller businesses for the first time. This directive stems directly out of the new law proposed by the European Union on Thursday.

This new rule is targetted towards app stores, search engines, e-commerce as well as hotel booking websites, requiring those organizations to put forth their rank search results and delisting policies more transparently.

The law would also give enterprises and businesses the right to sue the online platforms that fail to conform to the new directive.