Elon Musk and EU industry chief discuss digital media regulation ahead of Twitter takeover
Elon Musk and EU internal market chief Thierry Breton met on Monday (May 9) at Tesla Giga Texas. The pair hinted at reaching an agreement on EU digital media regulation ahead of Musk’s takeover of Twitter.
Breton shared a snippet of his encounter with Elon Musk on Twitter. He noted that Musk’s plans for Twitter appeared to align with the European Commission’s Digital Services Act. “That fits pretty well with what you think we should be doing,” he said.
The two did not go into the details of their discussion. However, it seems certain that they discussed the European Commission’s Digital Services Act.
Last month, the European Union’s internal market chief issued a statement about Elon Musk’s impending ownership of Twitter and how the social media platform must comply with EU regulations on digital media.
“It will be up to Twitter to adapt…to our rules,” Breton said. Reuters. I think Elon Musk knows Europe very well. He knows very well that we have rules for the automotive industry…and he understands that. So in Europe, in order to protect freedom of expression and to protect themselves, any company will have to fulfill this obligation.
The Digital Services Act
On April 23, the European Commission reached a political agreement with the European Parliament and EU Member States on the proposed Digital Services Act (DSA). The DSA would set an unprecedented new standard for liability on online platforms such as Google, Meta and Twitter for illegal and harmful content.
Under DSA regulations, social media platforms must show how their algorithms work. The regulations would also require digital media to reveal the processes they have in place to quickly remove illegal content and how they plan to deal with users who spread misinformation.
“With the DSA, the days of large online platforms behaving as if they were ‘too big to care’ are coming to an end. The DSA establishes clear and harmonized obligations for platforms – commensurate with size , impact and risk,” Breton said, describing the DSA.
“It entrusts the Commission with the supervision of very large platforms, including the possibility of imposing effective and dissuasive sanctions of up to 6% of global turnover or even a ban on operating in the EU single market. in the event of repeated serious breaches”, he added.
The DSA is subject to formal approval by the European Parliament and the Council. Once adopted, the DSA rules will be applicable across the EU after fifteen months or from 1 January 2021.
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