EU Identifies 19 Tech Giants for Online Content Regulations

The EU has identified 19 tech giants, including Google, Facebook, Twitter, TikTok, and AliExpress, that will be subject to stricter regulations under the Digital Services Act (DSA). 

iexclusivenews reports that the DSA requires these companies to conduct independent audits, implement risk management. Share data, adopt a code of conduct, and meet stricter content moderation requirements by August.

What are the Digital Services Act (DSA) regulations?

The DSA is a landmark set of rules that aim to address concerns over the spread of disinformation and the impact of social media on mental health.

These regulations will shape the online landscape in Europe for years to come, and other countries are likely to follow suit.

19 Tech Giants to Comply with Stricter Regulations

The 19 companies singled out by the EU are Alphabet’s Google Maps, Google Play, Google Search, Google Shopping. And YouTube, Meta’s Facebook and Instagram, Amazon’s Marketplace, and Apple’s App Store.

Microsoft’s two units, LinkedIn and Bing, booking.com, Pinterest, Snap Inc’s Snapchat, Twitter, Wikipedia, Zalando. And Alibaba’s AliExpress are also among the companies that must comply with the DSA.

The companies must do more to tackle disinformation, give more protection and choice to users, and ensure stronger protection for children.

Fines of up to 6% of their global turnover will be imposed if they fail to meet the standards.

Thierry Breton Singled Out Facebook’s Content Moderation System

Thierry Breton, the EU industry chief, singled out Facebook’s content moderation system for criticism because of its role in building opinions on key issues.

“Now that Facebook has been designated as a very large online platform, Meta needs to carefully investigate the system and fix it where needed ASAP,” he said.

Breton Plans to Perform Live Stress Test at Twitter and TikTok Headquarters

Breton plans to perform a live stress test at Twitter’s headquarters and Bytedance’s headquarters to understand TikTok’s origin better.

He emphasized that the 19 companies have become systematically relevant and have special responsibilities to make the internet safer.

Implications for the Future of Tech Regulations

The EU is leading the charge in regulating tech giants, and other countries are likely to follow suit.

As the online world becomes more integrated into our daily lives. It is crucial that companies take their responsibilities seriously and work to create a safer, more responsible online environment.

The DSA represents a significant step in the right direction. But it is just the beginning of a larger conversation about the role of tech companies in our society.