New EU Regulations To Curb Illegal Content on Big Tech Platforms
Updated · Apr 25, 2022
European Union member countries and the European Parliament reached a resolution on the Digital Services Act on Saturday.
DMA Agreements Reached
The European Union has agreed on new rules that will force big tech companies to tackle illegal content on their platforms or suffer massive fines. The European Parliament and EU member countries agreed on a deal that details fine points of the regulations.
Dubbed the Digital Services Act (DSA), it was first proposed by the European Commission in December 2020.
It comes a month after the lawmakers and 27-member country bloc agreed on a separate set of regulations called the Digital Markets Act.
The DSA aims to hold major tech firms, such as Meta and Google accountable for illegal and harmful content generated on their platforms. It will require that they crack down on disinformation and limit how they can target users with ads.
To ensure compliance, tech companies will need to set up and implement procedures to remove hate speech, terrorism incitement, and sexual abuse.
Failure to meet the set standards may result in fines of up to 6% of a company’s global annual revenue. For giant tech companies, this is likely to reach billions of dollars.
European Commission President Ursula von der Leyen expressed her pleasure in the agreement in a statement.
“Today’s agreement on the Digital Services Act is historic, both in terms of speed and of substance,” she said. “The DSA will upgrade the ground rules for all online services in the EU. It will ensure that the online environment remains a safe space, safeguarding freedom of expression and opportunities for digital businesses.”
The DMA agreed in March, similarly targets companies with huge figures, such as Google and Amazon. However, those regulations seek to clamp down on monopolistic tactics, ensuring that “markets are fair, open, and contestable.”
Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.
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