Amazon, Apple and more: EU names the Big Tech platforms set to face tougher regulatory scrutiny
Publishing timestamp: 2023-04-26 01:50:57
Summary
The European Union has announced a list of 19 "very large" online platforms or search engines, including Amazon and Apple, that will face stricter controls from regulators under the Digital Services Act (DSA). These platforms will have four months to comply with the rules under the DSA umbrella, which includes giving internet users information on why they are being recommended certain websites or other details, and the possibility to opt-out. Failure to comply could lead to fines of up to 6% of the firm's global turnover and a temporary ban from operating in the region.
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Keywords: politics, business news, amazon.com inc, technology, alibaba group holding ltd, pinterest inc, social media, apple inc, europe news,