“EU’s Digital Services Act Sends Shockwaves Through Big Tech: What You Need to Know”
Point 1: The European Union’s Digital Services Act (DSA) has put Big Tech on the defensive, forcing major platforms to make significant changes to comply with new regulations on content moderation, privacy, and transparency. The DSA is set to reshape the operations of tech companies and online marketplaces, impacting consumers and brands alike.
Point 2: Under the DSA, tech platforms are now responsible for identifying and removing dangerous or illegal content, implementing risk mitigation efforts to combat misinformation, and adhering to new restrictions on targeted advertising based on sensitive data. The DSA affects major platforms such as Google, Facebook, TikTok, Twitter, Amazon, and more, with penalties for non-compliance reaching up to 6% of a company’s global business.