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Large tech corporations to face 6% fines if breach new EU content material guidelines

Large tech corporations akin to Google and Fb will face fines of up to 6% of turnover if they do not do further to care for illegal content material and disclose further about selling on their platforms beneath draft European Union guidelines.
Big tech firms such as Google and Facebook will face fines of up to 6% of turnover if they do not do more to tackle illegal content and reveal more about advertising on their platforms under draft European Union rules.

Original article
Original article
Author: Foo Yun Chee

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Foo Yun Chee has recently written 10 articles on similar topics including :
  1. "Facebook's acquisition of customer service startup Kustomer may be subjected to European Union antitrust scrutiny after Austria asked EU enforcers to take over the task, the European Commission said on Tuesday". (April 6, 2021)
  2. "Europe's antitrust chief, Margrethe Vestager, has warned Apple Inc to give equal treatment to all apps on its platform amid the iPhone maker's privacy changes that have drawn charges of anti-competitive practices from rival Facebook Inc". (February 8, 2021)
  3. "EU antitrust enforcers are asking interested parties whether Google's pledge not to use fitness tracker maker Fitbit's health data for its advertising, and to separate the dataset from its own, might ease concerns over their tie up". (July 15, 2020)
  4. "Facebook has won the first round of its court battle against what it says are excessive demands from European Union antitrust regulators after Europe's second-top court temporarily halted such requests until it makes a final ruling". (July 28, 2020)
  5. "Google's bid to win EU approval for its $2.1 billion purchase of Fitbit faces headwinds as rivals and customers argue concessions to EU antitrust regulators do not go far enough, two people familiar with the matter said on Friday". (October 2, 2020)
  6. "Alphabet's Google is set to win EU antitrust approval for its $2.1 billion acquisition of fitness tracker maker Fitbit with its latest concessions to address EU antitrust concerns, people familiar with the matter said on Tuesday". (September 29, 2020)
  7. "Europe's top court will on Thursday rule on the legality of tools companies use to transfer Europeans' data around the world, in the latest clash between Facebook and Austrian privacy activist Max Schrems". (July 13, 2020)
  8. "Alphabet Inc's Google has offered not to use health data of fitness tracker company Fitbit to help it target ads in an attempt to address EU antitrust concerns about its proposed $2.1 billion acquisition, the U.S. tech company said late on Monday". (July 14, 2020)
  9. "The latest clash between Facebook and Austrian privacy activist Max Schrems could disrupt hundreds of thousands of companies as Europe's top court rules on Thursday on the legality of tools companies use to transfer Europeans' data around the world". (July 16, 2020)
  10. "Alphabet unit Google and digital advertising firms were hit with fresh privacy complaints to national watchdogs in six EU countries on Thursday over the way they sell ads to potential advertisers through a bidding process". (December 10, 2020)
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