Big tech will face a 6 percent fine if they violate new EU content rules

Big tech will face a 6 percent fine if they violate new EU content rules

Big tech companies like Google and Facebook will face fines of up to six percent of turnover if they don’t do more to tackle illegal content and reveal more about advertising on their platforms under draft European Union rules. .

The EU hardliner, to be announced next week, comes amid increasing regulatory scrutiny around the world from tech giants and their control of data and access to their platforms.

EU chief digital officer Thierry Breton, who has emphasized that large companies should bear more responsibility, will present the draft rules known as the Digital Services Act (DSA) on December 15.

The Commission document on DSA seen by Reuters defines very large online platforms as those with more than 45 million users, equivalent to 10 percent of the EU population.

Additional obligations placed on very large platforms are needed to address public policy concerns and systemic risks posed by their services, according to the document.

Tech giants will have to do more to tackle illegal content such as hate speech and child sexual abuse material, misuse of their platforms that violates fundamental rights, and intentional manipulation of platforms, such as the use of bots. to influence elections and public health.

Businesses will need to publish details of their advertisers online and show the parameters used by their algorithms to suggest and rank information. Independent auditors will monitor compliance, and EU countries will enforce the rules.

Facebook declined to comment before the EU document was published. Google He said he had nothing to add at this point.

The draft rules could take a year or more to go into effect, as they must take into account comments from EU countries and the European Parliament, which are expected to face intense lobbying.

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