The European Parliament Implemented New Social Networks Regulating Rules And Little More

The European Parliament passed two laws that introduce regulatory rules for the activities of tech giants in the areas of privacy, algorithms and competition.

From now on, tech giants like Microsoft, Google or Meta will have to comply with the rules set out in the Digital Markets Act (DMA) and the Digital Services Act (DSA).

The DSA regulates the rules for combating malicious content and the sale of illegal or unsafe goods on online platforms, and also prohibits the use of users’ personal data for targeted advertising.

And users will be able to influence what content is shown to them, including that offered by algorithmic moderators.

Large platforms with an audience of over 45 million users may be subject to independent review, and will also be required to provide access to algorithms to researchers and relevant authorities to analyze possible harm.

The DMA regulates the rules for fair and open competition between large and small platforms. Under this law, tech giants will no longer be able to promote their products and services on their platforms to the detriment of third-party offerings and complicate the process of removing pre-installed applications.

The DMA will take effect six months after publication, and the DSA will take effect on January 1, 2024.

Violators will have to pay a fine of 10% of the annual turnover. And for a repeated violation, the amount will increase to 20%.

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