CNBC, the EU has not been shy about levying such fines, having hit Google with “a combined 8.2 billion euros in fines” as a result of antitrust violations.
The law’s purpose is to confront the societal harms that stem from social media and online commerce such as the proliferation of hate speech, algorithms that amplify divisive content, exposing minors to inappropriate content or ads, ad targeting based on ethnicity or religion, the spread of misinformation and more.
Size and sprawl cannot be used as excuses. In fact, the bigger an entity is, the more responsible they will be held. “The obligations introduced are proportionate to the nature of the services concerned and tailored to the number of users, meaning that very large online platforms and very large online search engines will be subject to more stringent requirements,” reads the agreement.
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