Digital Services Act can now fine platforms like Facebook, Google and Twitter up to 6% of their global revenue
The agreement in the early hours of Saturday came after more than 16 hours of negotiations between EU member states, the EU’s executive arm and EU parliamentarians. The DSA is the second prong of a plan by the EU antitrust chief, Margrethe Vestager, to rein in the US tech giants.
Last month, she won backing from the 27-country bloc and EU parliament for landmark rules called the Digital Markets Act that could force Google, Amazon, Apple, Meta and Microsoft to change their core business practices in“We have a deal on the DSA: the Digital Services Act will make sure that what is illegal offline is also seen and dealt with as illegal online – not as a slogan, as reality,” Vestager said in a tweet.
The EU’s internal market commissioner, Thierry Breton, said: “With the DSA, the time of big online platforms behaving like they are too big to care is coming to an end.”Other measures in the DSA will require large online platforms and online search engines to take specific measures during a crisis. Theywere triggered by Russia’s invasion of Ukraine and the related disinformation.
The companies could be forced to hand over data related to their algorithms to regulators and researchers. The companies also face a yearly fee of up to 0.05% of worldwide annual revenue to cover the costs of monitoring their compliance.“This law is a massive victory for people across Europe who have stood up to demand an end to the era of big tech abuses.
In a statement, Google said: “As the law is finalised and implemented, the details will matter. We look forward to working with policymakers to get the remaining technical details right to ensure the law works for everyone.”
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