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The EU Approves Sweeping Draft Regulations On Social Media Giants
"The European Union took a significant step Thursday toward passing legislation that could transform the way major technology companies operate," reports the Washington Post, "requiring them to police content on their platforms more aggressively and introducing new restrictions on advertising, among other provisions...."
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@prologic@twtxt.net @movq@www.uninformativ.de @lyse@lyse.isobeef.org It says “Violations could in future be punished with fines of up to 6% of a company’s annual revenue” and seems to mostly target algorithms and advertising, so as a platform with no algorithms, no advertising and no revenue, we’re all good. Even if we aren’t, up to 6% of our annual revenue of 0 is still a 0 dollar fine. 😂👌