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EU PLAN FOR SWEEPING UPDATE OF BIG TECH RULES GAINS MOMENTUM

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Techlife News #529

The European Union’s ambitious plan to update its pioneering internet rules gained momentum Tuesday after a key committee passed measures requiring technology companies to better police content and lawmakers prepared to vote on regulations to rein in Big Tech.

EU PLAN FOR SWEEPING UPDATE OF BIG TECH RULES GAINS MOMENTUM

The 27-nation bloc has for the past year been drafting a sweeping overhaul of regulations for digital companies, aimed at making sure tech giants like Google and Facebook, now renamed Meta, treat rivals fairly and protect users on their platforms.

The rules, which have been the subject of fierce lobbying from the tech industry, look set for approval from lawmakers, though they still face tough negotiations next year with EU bodies. The regulations, and similar ones in the United Kingdom to curb harmful online content, show Europe’s role as a pacesetter for regulating the tech industry as a global movement picks up pace following whistleblower Frances Haugen’s allegations that Facebook put profits ahead of safety.

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