"EU Digital Services Act: Big Tech Prepares for Regulatory Impact"

1 min read
Source: Reuters
"EU Digital Services Act: Big Tech Prepares for Regulatory Impact"
Photo: Reuters
TL;DR Summary

The European Union's Digital Services Act (DSA) is set to impose new regulations on major tech companies, including Meta's Facebook and Instagram, Apple's App Store, and certain Google services. The DSA requires these companies to prevent the spread of harmful content, restrict certain user-targeting practices, and share internal data with regulators and researchers. The EU's success in implementing these laws will influence global tech regulation. However, concerns have been raised about whether these companies have done enough to meet lawmakers' expectations. Nonprofit research has shown that Facebook still approved online ads containing harmful content, despite the upcoming regulations. Any company found in breach of the DSA could face fines up to 6% of their global turnover, with repeat offenders potentially being banned from operating in Europe. Some companies, such as Amazon and Zalando, are challenging their inclusion on the list in court.

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