European Union regulators are reportedly compiling a list of Big Tech companies including Apple, Facebook and Google, which will be hit with regulations designed to reduce their power, according to The Financial Times.

Companies placed on the European Union’s (EU) so-called “hit list” would face tougher regulation than their smaller counterparts, forcing them to be more transparent and to share more data, the Financial Times reported Sunday. Market share and number of users are being used to determine which tech companies make the list.

“The internet as we know it is being destroyed,” an anonymous source with direct knowledge of the EU’s plans told FT. “Big platforms are invasive, they pay little tax and they destroy competition. This is not the internet we wanted.” (RELATED: Big Tech Censors Content That Counters The WHO, Despite It Repeatedly Flip-Flopping On Its Guidance)

Another person with knowledge of the list told the FT that the outsized market share of certain tech companies “is not good for competition.”

The EU will seek measures that go beyond fines, according to FT. The EU might move to break up the companies on the list in some cases and force companies to share critical data to rivals in other cases.

In the past, EU regulators have sought to punish Big Tech without full investigation or findings that companies have broken the law, according to FT. The “hit list” is the latest effort to give regulators more sweeping power in regulating Big Tech.

Although the list is not finalized, it is expected to contain up to 20 companies, FT reported. Most of the companies are expected to be American. (RELATED: ‘Oil Barons And Railroad Tycoons’: Big Tech Must Be Restructured, House Report Says)

Meanwhile, U.S. lawmakers released a report on Oct. 6 condemning Amazon, Apple, Facebook and Google for abusing their monopoly power. Big Tech companies should undergo restructuring and existing U.S. antitrust laws should be modified, the report said.

“These firms typically run the marketplace while also competing in it — a position that enables them to write one set of rules for others, while they play by another, or to engage in a form of their own private quasi regulation that is unaccountable to anyone but themselves,” the House report said.

The European Commission, which implements EU policy, did not immediately respond to a request for comment.

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It’s hard to feel too sorry for anyone wealthy enough to own a new Rolls-Royce, but there’s bad news for these folks in the European Union because the illuminated Spirit of Ecstasy badge is no longer available. Making matters worse, the light-up hood ornament needs to be removed from any Rolls that currently has it.

The cause of this weird decision is that the illuminated sculpture does not comply with the new EU light pollution regulations. After disconnecting it, Rolls will refund owners for the price of the option and replace the hood ornament with a silver-plated Spirit of Ecstasy. Note that this only applies to vehicles in the EU, and models elsewhere are still free to light up the lady.

“In February 2019 we sent our dealers a bulletin saying we were removing the option of an unlit Spirit of Ecstasy. It was no longer to be sold to customers. It came off the options list,” a Rolls-Royce spokesman told The Daily Mail. “Sadly, we are telling our customers that we will by law have to disconnect their Spirit of Ecstasy.”

What’s not clear is what happens if owners simply don’t bring their Rolls-Royce to a dealer to remove the illuminated Spirit of Ecstasy. It’s hard to imagine the cops pulling over someone in a Phantom just because there’s a light-up hood ornament.

The latest Rolls-Royce to join the range is the new Ghost. It now rides on the dedicated Rolls-Royce Architecture of Luxury platform and has an interesting suspension setup with a damper on the upper wishbone that helps create an even smoother ride. There’s also a GPS-aided transmission to make motoring in the sedan even more luxurious. Prices start at $332,500.