The European Parliament recently approved the Digital Services Act and the Digital Markets Act. Here how that could affect big tech.
to the Russian invasion of Ukraine and the resulting online misinformation campaign, is the so-called “crisis mechanism”. This can be activated by the European Commission in response to an emerging crisis and would allow it to analyze and control how VLOPs and VLOSEs react to risky information and implement additional safeguards if needed . For example, it could theoretically force Facebook to ban posts from Russian State agencies, or Covid-19 misinformation.
Failure to comply with the DSA carries potentially huge fines: up to 6 percent of annual turnover. Alphabet, Google’s parent company, hadlast year. Should it have committed some serious breach of the regulations, it could have been on the hook for more than $15 billion dollars. Because of how the European Union works, the DSA itself isn’t exactly a law yet. The final text of the document hasn’t even been confirmed—what was approved was a political agreement around the general principles. Instead, over the next year or two all the countries in the European Union will pass laws to align with the DSA. Then, on either January 1, 2024 or 15 months after the full text of the DSA is published, whichever comes later, it will take effect.
While the DSA is targeted at big tech companies operating in Europe, it’s important to note that this will likely have knock-on effects in the US and around the world. It was a French law, for example, that in part
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