The European Union's senior envoy for digital to the U.S., Gerard de Graaf, has been working with tech giants to prepare them for the implementation of The Digital Services Act (DSA), which aims to reduce the spread of illegal online content and provide more accountability; de Graaf has noted a greater respect and understanding for the EU's position, especially regarding generative AI, and major tech leaders like Mark Zuckerberg and Elon Musk have shown signs of taking the DSA seriously.
Users in the European Union now have the option to decline personalized content feeds on mainstream social networks, thanks to the bloc's Digital Services Act (DSA), with platforms like Facebook, Instagram, TikTok, and Snapchat offering non-personalized chronological news feeds in compliance with the law.
Starting Friday, large tech companies such as Amazon, Apple, Google, Microsoft, Snapchat, and TikTok must comply with new European laws that regulate social media moderation, targeted advertising, and counterfeit goods, among other areas; the laws aim to address concerns about misinformation, mental health, algorithmic content, transparency, and illegal products, with potential fines of up to 6% of global annual revenue for non-compliance.
The European Union has classified Apple, Amazon, Microsoft, Google parent Alphabet, Facebook owner Meta, and TikTok parent ByteDance as online "gatekeepers" and imposed new digital rules to prevent tech giants from dominating digital markets, with potential fines and the requirement to sell parts of their business.
The EU has designated six tech giants, including Alphabet/Google, Amazon, Apple, ByteDance, Meta Platforms, and Microsoft, as "gatekeepers" subject to the Digital Market Act, aiming to promote fairness, competition, and transparency in core digital services. This regulation could have a wide-ranging impact on Apple's services business, potentially forcing changes to the App Store's revenue share model, increasing competition and pricing pressure for Apple Music and iCloud, and altering revenue sharing agreements with third-party subscriptions on iOS. The DMA threatens to weaken Apple's control and profitability across its services segment.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/NUQA3MNXEVOENOBLA6DA247RUE.jpg)