Home / Technology / Tech News / Technology companies face billions in fines under EU content rules

Technology companies face billions in fines under EU content rules

The landmark Digital Services Act is the EU's answer to what it sees as a failure by tech giants to combat illegal content on their platforms.

Premium

2 min read Last Updated : Apr 23 2022 | 12:42 AM IST

The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation. The landmark Digital Services Act is the EU’s answer to what it sees as a failure by tech giants to combat illegal content on their platforms. Noncompliance could cost companies as much as 6 per cent of their global annual sales when the rules go into effect as early as 2024.

Failures could be extremely costly. Based on their reported 2021 annual sales, Amazon, for instance, could face a theoretical fine of as much as 26 billion euros ($28 billion) for future

Topics : big tech European Union

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in