Tech companies face landmark fines under EU’s new content rules | Fin24

Big tech will have to comply with new EU content rules Failure to comply could cost companies billions of dollarsThe world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after lawmakers reached an agreement on its scope during the early hours of Saturday morning.

- A ban on so-called “dark patterns,” specifically tactics to push people into consenting to online tracking Google said it welcomed the DSA’s goals and looked forward “to working with policymakers to get the remaining technical details right to ensure the law works for everyone.” Large companies, including the likes of TikTok and Pornhub, will face additional obligations including opening their algorithms to enforcers and designated researchers.

The new fines are in addition to penalties applicable under the DMA. Under that law, the world’s biggest tech companies face fines of as much as 10% of their global annual sales for an initial breach, rising to 20% for repeat infringements. Those routinely violating the rules could be temporarily banned from conducting mergers and acquisitions. Still, it’s highly unlikely the EU would issue such massive fines.

Fin24 You think Google will feel a few billion euro fine? It's Google ffs.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tech companies face billions in fines under EU content rulesThe world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation, details of which are expected to be agreed upon by lawmakers as soon as Friday.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »

EU agrees on internet rulebook for Google, Facebook, other tech giants - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.European Union (EU) countries and EU lawmakers on Saturday clinched a deal on new rules requiring tech giants to do more to police illegal content on their platforms and to pay a fee to regulators monitoring their compliance.
La source: SABCNews - 🏆 37. / 51 Lire la suite »

Tech companies face billions in fines under EU content rulesThe world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation, details of which are expected to be agreed upon by lawmakers as soon as Friday.
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »

Northern Cape’s RedSun secures R120m to boost dried fruit and nut businessRedSun Dried Fruit & Nuts – a Northern Cape-based processor and distributor of raisins and pecan nuts – has secured a R120 million investment from the Norwegian Investment Fund for Developing Countries (Norfund) to boost production. Moneyweb RedSun
La source: Moneyweb - 🏆 5. / 77 Lire la suite »