New reins for Internet companies | time.news

by time news

The EU creates a global standard for the rules of the game on the Internet. Right up to the end, detailed questions and exceptions were wrestled with in Brussels.

Brussels/Vienna. In the final sprint, Hillary Clinton also campaigned for the EU law on digital services: “For too long, technology platforms have increased disinformation and extremism without having to be accountable,” warned the former US Secretary of State and Presidential candidate, who was defeated by Donald Trump, on Friday via Twitter . “The EU is about to change that. I call on our transatlantic partners to strengthen global democracy before it is too late.”

Facebook, Instagram, Twitter, YouTube, TikTok, Amazon and all the other digital platforms on which we exchange ideas, talk, do politics, do business, search for information: Here is the new law that the Council and the European Parliament are mediating the European Commission negotiated under Vatican secrecy from Friday until the evening, new obligations. Anyone who has more than 45 million monthly users in the EU (representing around 10% of all internet users in the Union) is subject to particularly strict regulations, for example having to submit regular risk assessments to national regulators and the Commission. Violations can result in penalties of up to six percent of global annual sales. All Internet companies that are active in the internal market must also have a contact person for authorities and the judiciary in the EU (this is currently often not the case and often makes law enforcement impossible). In addition, users are given the right to organize class action lawsuits in the event of violations of the law.

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