The European Commission proposed on Tuesday (15) a series of new regulations for the digital market that directly affect the big technology companies in the world, the so-called “big techs”. The measures still need to be voted on to take effect and have been dubbed the “Digital Service Act” (DSA).
Among the changes is the imposition of fines equivalent to 6% to 10% of the company’s annual global revenue that does not respect the rules on the use of data, competition and moderation of online content (such as the withdrawal of advertisements by terrorist groups and other illegal content published by customers, such as child pornography or hate speech).
In addition, big techs who are fined three times in five years will be classified as repeat offenders and the European Union will begin to “structurally separate” the activities of companies in Europe.
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