Tech Giants Face Fines or Even Break-Up if They Breach New EU Rules
upstart writes in with an IRC submission for c0lo:
Tech giants face fines or even break-up if they breach new rules: EU's Breton:
Tech giants that break new EU rules aimed at curbing their powers could face fines, be ordered to change their practices or even be forced to break up their European businesses, the bloc's digital chief Thierry Breton said on Wednesday.
Breton's comments come two weeks before he is due to present draft rules known as the Digital Services Act (DSA) and Digital Markets Act (DMA), which are likely to affect big U.S. players Google, Apple, Amazon, Facebook and Microsoft.
The DSA will force tech companies to explain how their algorithms work, open up their advertising archives to regulators and researchers, and do more to tackle hate speech, harmful content and counterfeit products on their platforms.
[...] The planned laws are still some way from taking effect, though. The European Commission will have to negotiate with EU countries and the European Parliament to agree on the final legislation, a process which could take a year or two.
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