The European Parliament on July 5 ratified laws that will more closely regulate Big Tech and curb illegal content online.
- Members of the European Parliament approved the final versions of the Digital Markets Act, focused on ending monopolistic practices of tech giants, and the Digital Services Act, which toughens scrutiny and the consequences for platforms when they host banned content.
Digital Markets Act
- The main aim of the Digital Markets Act is to protect consumers.
- The law will also give several opportunities to rivals so that they get a chance to survive against powerful tech firms.
- Overall, it contains about 20 rules.
- The DMA will have major consequences for Google, Meta and Apple, and a handful of online “gate-keepers” that must now do business according to a list of do’s and don’ts intended to ensure that smaller rivals can thrive.
Digital Services Act
- The DSA will target a wider range of internet actors and aims to ensure real consequences for companies that fail to control hate speech, disinformation and child sexual abuse images.
- Both laws now require the final approval by the EU’s 27 member states, which should be a formality.
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