E.U. Countries Make Pact On Limiting Tech Giant Power

Share post:

E.U. countries have agreed on rules aimed at curtailing the power of U.S. tech giants.

This common position focuses on two sets of rules initiated by Commissioner Margrethe Vestager on the Digital Markets Act and on the Digital Services Act.

The joint agreement means that the European Commission is working as the main enforcer of the new rules proposed by Vestager. Therefore, the agreed changes will offer many advantages, including the right to allow end-users to unsubscribe from core platform services, the shortening of deadlines and, finally, the improvement of the criteria for the designation of companies responsible for user data.

After examining the two amendments proposed by Vestager, the Digital Markets Act contains a list of dos and don’ts for companies responsible for data and access to their platforms.

Violators face fines of up to 10% of global revenue. For the second act, the Digital Services Act (DSA) will ensure that technology companies do more to address the problem of illegal content on their platforms. Penalties for violations of this rule include up to 6% of global revenue for non-compliance.

For more information, read the original story in BBC.

SUBSCRIBE NOW

Related articles

Microsoft Pledges to Shield European Cloud Services Amid Rising Geopolitical Tensions

In response to escalating concerns over U.S. government influence on cloud operations, Microsoft has committed to legally contesting...

DOGE Accused of Creating Massive Surveillance System Under Musk-Led Trump Administration

A new opinion piece in the New York Times warns that the U.S. Department of Government Efficiency (DOGE),...

Is the U.S. Undermining Its Tech Leadership? Visa Crackdowns and China’s Academic Surge Raise Concerns

The United States has long been a magnet for global STEM talent, fueling its dominance in technology and...

US Bank Regulator Hacked – Sensitive Banking Info Stolen

The US Office of the Comptroller of the Currency (OCC) reported a cybersecurity breach involving unauthorized access to...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways