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> The DSA imposes new rules on content moderation, user privacy and transparency. Any firm found in breach faces a fine worth up to 6% of its global turnover.
by wand3r 3y ago
> The DSA imposes new rules on content moderation, user privacy and transparency. Any firm found in breach faces a fine worth up to 6% of its global turnover.
The EU has been rent seeking on FAANG and US tech for a decade. They want control and money. Thanks for USB-C but they can keep their fucking cookie banners. This will create huge problems for the whole world when an arbitrary agency can "impose rules on content moderation" and "privacy[1]" and levy a huge fine. The US tech companies should form a bloc and force them to be reasonable
[1] Which I'm sure mean anti-privacy.
- dotandgtfo 3y agoYes, and it creates huge problems for the whole world when an arbitrary multi-billion dollar organisation can "impose rules on content moderation" and "privacy" with zero accountability while skirting local laws. Non-american countries should form a bloc and force them to be reasonable.
- throwawa14223 3y agoThe US should start economic sanctions against the EU if they're going to act like a fascist police state.
- xvector 3y agoWe absolutely need to sanction this clusterfuck of an economic bloc. The EU contributes nothing to consumer technology (outside of ASML) and yet seeks rent on American companies.
- nvm0n2 3y agoThe tech companies are much more accountable than the EU. You can just not use Twitter. Nothing bad will happen to you. Good luck trying to just "not use" the EU if you happen to live there. That's much easier said than done.
- dotandgtfo 3y agoYes I concur /s. Don't use Google search. Don't use websites with Google Analytics. Don't use websites with Google Ads conversion tracking. Don't use Android phones. Don't send SMSes to android phones. Don't use YouTube. Don't use websites that embed YouTube. Don't use Chrome. Don't use gmail. Don't send email to gmail addresses. Oh yes, and I also don't use news media sites who monetise through Google adsense either. Yes, I agree that the first DSA investigation targeting X obviously has more of a populistic bent due to Elon. But he's drawn a pretty good target on his own back including but not limited to firing the election integrity team [1] while the DSA clearly states that VLOPs have to do risk assessments before elections. Honestly, American big tech has shown close to zero ability to self-regulate the externalities of their platforms, especially abroad, and especially in smaller countries. If the consequence of this regulation is that American tech companies pull out of hard to serve European markets I wouldn't mind that one bit. That would open up markets for local competition closer aligned to their audience. Norway doesn't use Meta as the dominant messaging app because people like it. We use it because network effects creates unassailable moats, lock-in and network effects. Most people absolutely hate Meta and loathe Google - but we can't exactly not use them without it costing us greatly. I'm happy to live here and the actions being done by the EU with GDPR, DSA and DMA are in my honest opinion critically needed as American-centric, free-market, "free-speech" norms are misaligned with other cultures in a way that foreigners would never understand without delving deep into a countries culture. Not just through naive metrics-driven technology scaling engagement at all costs. This is warping and killing culture, media environments, advertising ecosystems and political communication in the name of profit for a select few massive tech companies which aren't even taxing to the countries they're siphoning advertising budgets out of. X is nothing special. The only reason there isn't another Twitter is because these markets mostly have room for one platform. If Twitter disappeared in Europe there'd be a local replacement in less than a year or two. And honestly it would probably be better. [1] https://www.theguardian.com/technology/2023/sep/28/elon-musk-ditches-x-twitter-election-integrity-team-key-votes-disinformation https://www.theguardian.com/technology/2023/sep/28/elon-musk...
- Nasrudith 3y ago"Regulate the externalities of their platform" is so weasel worded that it has broken into a henhouse. That just means "Unable to stop literally anything bad from happening as a side effect of their actions." Which if we are being remotely intellectually honest is an impossible hurdle.
- izacus 3y agoAnd FAANG and US Tech can happily decide not to serve EU users, making space in the market for local competition. It doesn't sound like EU is really doing bad here.
- pb7 3y agoIs it competition if the only way it can exist is if there are no other players, especially from far more technically competent countries like the US and China?
- xvector 3y agoThere's a reason the EU barely has any successful tech companies over the past two decades. And yet, people will still say "the EU has done nothing wrong!" Tell that to the literal trillions of euros in growth the EU regulated away into oblivion by stamping out any hope for an emerging tech industry.