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Alphabet, Amazon, Facebook and Apple could face severe fines and potential for break up under new EU tech regulations

Facebook, Google, Apple and Amazon could face multibillion-dollar fines under new EU tech regulations MarketWatch 12/16/2020 © Denis Charlet/Agence France-Presse/Getty Images Big Tech faces landmark new regulation in the European Union that includes the possibility of multibillion-dollar fines and the breaking up of companies if they don’t comply with new rules. Popular Searches Presented on Tuesday, the European Commission’s Digital Services Act and its Digital Markets Act usher in a new era of regulation in Europe. They aim to hold technology platforms to a high standard over the content they host, and introduce new pro-competition measures for online markets.

Italian Cultural Groups Call for Course Correction in EU Digital Services Act

As the Digital Services Act draft proposals head for Tuesday’s presentation in Brussels, Italy’s publishers and associated creative organizations issue concerns. A December 13 shot from Venice where, on December 9, a newly installed system of artificial dams failed to activate with the traditional ‘acqua alta’ flooding coming in at some 4.5 feet above sea level, per news reports. Image – iStockphoto: Simone Crespiatico Objecting to ‘Safe Harbor’ for Platforms Today (December 14), Italy’s influential community of some 20 cultural and creative industry bodies is, in its own term, issuing a unanimous call for a “course correction” in the proposed regulations of the European Commission’s Digital Services Act.

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