“Why Stricter EU Online Content Rules Could Change the Game for Instagram, TikTok, and Twitter– And What It Means for You”
Instagram, TikTok, Twitter and other tech giants owned by Meta, Microsoft and Google may have to comply with new online content regulations targeted at big tech companies within the EU. The regulation affects platforms with more than 10% of the EU’s population as users. The goal is to remove illegal content quickly across multiple sectors such as hate speech, terrorist content, child sexual abuse, and counterfeit goods.
The European Union’s Digital Services Act (DSA) will require companies to create transparency reports showcasing the types of content removed and why it was taken down. The act will also require companies to appoint an internal complaint officer who could provide assistance when flagging illegal content.
Technology companies failing to comply with the DSA could face fines of up to 6% of their global income. EU officials are expected to complete negotiations on the regulation by the end of this year.
While tech giants may face challenges to make necessary changes resulting from the DSA, this legislation aims to make the internet a safer place for online users.
Businesses operating within the EU and providing digital services will need to adhere to stringent regulations. The Digital Services Act aims to regulate content across multiple sectors including hate speech, terrorist content, child sexual abuse, and counterfeit goods. Companies must produce transparency reports to disclose the types of content that are taken down and to appoint an officer who will assist in flagging illegal content. Non-compliance of the DSA regulations can result in fines of up to 6% of their global income. The European Union is set to conclude negotiations on the DSA legislation by end of 2021.
Key Takeaway:
– Digital Services Act will require companies to create transparency reports to disclose the types of content that are taken down and to appoint an officer who will assist in flagging illegal content.
– Non-compliance of the DSA regulations can result in fines of up to 6% of their global income.
– The regulation aims to remove illegal content quickly across multiple sectors including hate speech, terrorist content, child sexual abuse, and counterfeit goods.
– EU officials are expected to finish negotiations regarding the DSA by the end of 2021.
