EU Unveils New Rules to Curb Technology Companies
The Digital Services Act and the Digital Markets Act have just been presented in Brussels. These proposed policies aim to revise all the principles that apply to digital services within the 27 member states — from the publication of illegal content on social networks to the sale of products online.Big Tech companies will not be allowed, for example, to stop users from uninstalling preinstalled software or apps, nor will they be able to use data from business users to compete against them.To do so, the European Union governing body would allow fines of up to 10% of annual global revenue. Another part of the European plan is to make sure e-commerce platforms take more responsibility for their goods and services.European Commission Executive Vice President Margrethe Vestager said these new regulations…