On April 23, Beijing time, EU countries and EU MPs on Saturday discussed theDigital Services Act(DSA), which would require tech giants to step up efforts to police illegal content on their platforms and report to regulatorspay a feeto monitor their compliance.
▲ The four giants are facing regulatory pressure
After more than 16 hours of negotiations,The EU has finally reached the deal. The DSA is the second weapon launched by EU antitrust chief Margrethe Vestager to rein in Google, Meta and other U.S. tech giants.
At the end of March this year, the EU passed the Digital Markets Act (DMA). The DMA is focused on antitrust, potentially changing the core business practices of tech giants in Europe, limiting their market power. DSA focuses on the platform’s regulatory responsibility for content and targeted advertising.
“We’ve reached an agreement on DSA: DSA will ensure that illegal behavior online is treated as if it were illegal offline – not as a slogan, but as a reality,” Vestager said on Twitter.
Under the DSA, companies that violate the rules will face up to their6% penalty on global turnoverthe incorrigible may lead them toBanned from doing business in the EU.
The new bill bans targeted advertising to children or based on sensitive data such as gender, race and political opinions. “Dark patterns,” tactics that mislead people into giving their personal online data to companies, will also be banned.
and,Tech companies are also required to pay up toFee of 0.1% of global annual net profit, to cover the cost of monitoring their compliance. The EU could earn between 20 million and 30 million euros per year.
EU document leaked: Apple will be forced to make major changes to App Store, iMessage, FaceTime, browser engine and Siri
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