The European Union’s sweeping new rules on large tech companies kicked in Friday as lawmakers seek to rein in harmful and illegal content and digital monopolies. The new legislation regulates social media, targeted advertising, user privacy policies, and fake or illicit products from e-commerce sites. Among the affected companies are Amazon, Apple, Google, Meta, Microsoft, Snapchat and TikTok. Violations could lead to billions of dollars in fines.
EU Legislation on Big Tech Takes Effect in Hopes of Regulating Harmful and Illegal Online Practices
HeadlineAug 28, 2023