A new European law for the digital sector . will impose billions in fines on offenders

On Saturday, EU lawmakers reached agreement on key points of key legislation designed to limit the negative effects of social media and other giant digital platforms.

The Digital Services Act, among other things, will force digital platforms including Facebook, Google, Twitter and others to crack down on the spread of disinformation on their platforms and reveal how their algorithms recommend content to users.

The bill, known by the acronym DSA, also bans certain types of ads on platforms, such as direct-to-child or personalized ads. in based on people’s race or sexual orientation, according to CNET and Al Arabiya.net.

“Through the DSA, we help create a safe and responsible environment on the Internet,” he said in a note the European Commissioner Margrethe Vestager. “Platforms must be transparent about their content moderation decisions, prevent the spread of dangerous misinformation, and avoid placing unsafe products on the market. With today’s agreement, we ensure that platforms are responsible for the risks that their services can entail for society and citizens “.

The Digital Services Act is one of the two pillars of a major technology regulatory reform that has been revealed for the first time in draft form from the European Union in December 2020.

The other law, related to digital markets, received its first approval last month and is designed to address issues such as anti-competitive behavior. Both measures are still in waiting for a final vote, but no substantial changes are foreseen.

The European Union has also passed the General Data Protection Regulation, or GDPR, which is designed to give individuals greater control over the collection and sharing of their personal information.

Europe has long been at the forefront of efforts to curb big technology, and both the Digital Services Act and the Digital Markets Act could impact the efforts of governments around the world to address issues related to major technology platforms. The United States has not yet passed any laws complete to address such problems.

According to the DSA, platforms that reach more than 10% of the EU population will be subject to independent audits for measures taken to prevent abuse of their systems, according to a report published by the European Commission.

Other measures the law could take include forcing markets online to help identify sellers of illegal goods, create ways for users to report illegal goods, services or content, and for platforms to work with “trusted whistleblowers”.

Businesses that break the law could face billions of dollars in fines, as well as potential reputational damage to their brands.

In turn, major tech companies have said they support the EU’s goals, but the details of the legislation are key.

“As the law is finalized and implemented, the details will matter,” a spokesperson for Google said in a note. “We look forward to working with policy makers to get the remaining technical details correct to ensure the law works for everyone.” Besides the huge search engine, Google owns the most popular video site (YouTube).

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