Europe is about to put a stop to the power of technological giants

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Europe is about to unveil a battery of proposals to regulate big technology companies and put a stop to the influence of companies like Amazon, Apple or Facebook , after a decade of scandals and increasingly more investigations into monopolistic practices. After a week-long delay, European regulators are expected to unveil details of both the Digital Services Act (DSA) and the Digital Market Act (DMA) this Tuesday. Although their content has yet to be officially confirmed, some reports suggest that both could have important consequences for the world's largest technology companies. "The Commission has kept its cards well hidden," Raegan MacDonald, head of European Union Public Policy at the Mozilla Foundation, told Business Insider.

We eagerly wait to learn in detail what the purposes of the new legal texts will be." The European plan for Facebook, Twitter and YouTube to take responsibility for what their users publish: million-dollar fines for allowing illegal, fraudulent or hate-promoting content Although it will still be some time before both the DSA and the DMA come into force – with Europe Cell Phone Number List close sources pointing to at least a two-year debate between members of the European Parliament, the Commission and the Council – it is expected that the European authorities hit the table with a clear statement about their vision for the future of the internet. Everything we know about the 'Digital Services Act' The CEOs of Amazon, Apple, Facebook and Google.

The CEOs of Amazon, Apple, Facebook and Google.AP Photo/Charles Krupa/Karl Mondon/Digital First/Yves Herman/Reuters/Chip Somodevilla/Getty Images The DSA is expected to demand greater responsibility from big technology companies for the content published on their platforms, such as political misinformation , illegal content or the sale of counterfeit products. Until now, firms like Facebook or Amazon have been very free to implement the policies and conditions that they deem on their respective platforms, at their own discretion. The DSA could change all this. According to the Financial Times , the authorities would be exploring the idea of ​​implementing a double bias system that would guarantee that large technology companies are much more subject to the control of institutions than their smaller competitors. The new rules are expected to be applied depending on how many European customers, for example, a social network has, or how many EU member states the company operates in.