Governments are in a global race to scrutinize Silicon Valley, creating a broad regulatory wave aimed at curbing the power of a small group of American tech giants.

French government officials said Friday they plan to give regulators there sweeping power to audit and fine large social-media companies like Facebook FB -0.16% Inc. if they don’t adequately remove hateful content. Competition authorities in India, meanwhile, have launched a probe into whether Alphabet Inc.’s GOOGL -0.03% Google uses its mobile operating system to block rivals.

Read article.