EU targets 19 large tech companies over online content rules

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The European Union cites Apple, Amazon, Google, Meta, Microsoft and other tech companies in an effort to enforce its Digital Services Act.

The EU’s commissioner for internal markets, Thierry Breton, said 19 companies and their services — including Apple Inc.’s AAPL App Store; Amazon.com Inc.’s AMZN Marketplace; Alphabet Inc.’s GOOGL GOOG Google Maps, Google Play, Google Search, Google Shopping and YouTube; Meta Platforms Inc.’s META Facebook and Instagram; and Microsoft Corp.’s MSFT Bing and LinkedIn — must adhere to the Digital Services Act, which requires them to perform risk management, conduct...

The EU’s commissioner for internal markets, Thierry Breton, said 19 companies and their services — including Apple Inc.’s AAPL App Store; Amazon.com Inc.’s AMZN Marketplace; Alphabet Inc.’s GOOGL GOOG Google Maps, Google Play, Google Search, Google Shopping and YouTube; Meta Platforms Inc.’s META Facebook and Instagram; and Microsoft Corp.

“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,” Breton said. Other tech companies and services cited by Breton were Pinterest Inc. PINS , Snap Inc.’s SNAP Snapchat, TikTok, Twitter Inc., Wikipedia and Alibaba Group Holding’s Ltd.’s BABA AliExpress. Four to five companies additional could also fall under the Digital Services Act, with a decision expected in the next few weeks, according to Breton.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley identifies 5 European stocks with downside risks ahead of earnings seasonThe Wall Street bank believes stock markets have priced in a potential 'over-earning' thanks to the 10% rally in the Stoxx Europe 600 index this year.
Source: CNBC - 🏆 12. / 72 Read more »