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.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Opposition MPs hammer head of PHAC over ArriveCAN app

Opposition calls $59 million cost and lack of oversight over the ArriveCAN app a "b

Ottawa willing to improve cybersecurity bill, ministers tell MPs

Industry Minister François-Philippe Champagne and Dominic Public Safety LeBlanc urged MPs to pass the proposed l

NVIDIA CEO on a mission to advocate for “sovereign AI”

Jensen Huang, CEO of NVIDIA, is on a global mission to advocate for "sovereign AI" — the concept...

Inadaquate ID authentication blamed for 2020 data thefts at Canada Revenue, ESDC

Data of 48,000 Canadians stolen, says federal privacy commissioner -- and attackers were also able to fraudulently get COVID-19 and unemployment insuranc

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