Its capped at 0.05% so basically meta made at least 22Bilion
Meta, TikTok take EU to court over online content rulebook
Submitted 9 months ago by throws_lemy@lemmy.nz to technology@lemmy.world
https://www.politico.eu/article/tiktok-joins-meta-in-suing-eu-over-online-content-rulebook/
Comments
webghost0101@sopuli.xyz 9 months ago
autotldr@lemmings.world [bot] 9 months ago
This is the best summary I could come up with:
Social media giants Meta and TikTok are suing the European Union over a levy that bankrolls the enforcement of Europe’s content moderation law, the Digital Services Act.
The European Union executive has said it needs around €45 million in 2024 to police how major platforms like Meta’s Facebook and Instagram, TikTok and YouTube crack down on illegal and harmful content.
The lawsuits comes as the Commission faces high expectations to force large social media and websites to abide by the Digital Services Act’s obligations to stamp out toxic and violent content and better protect children online.
But companies that only record very small or no net income — like Elon Musk’s X, Amazon, Snapchat, Pinterest and Wikipedia in 2022 — could escape a large levy, while Meta and Google are estimated to foot much of the bill.
Last year Amazon and fashion retailer Zalando also lodged separate legal challenges to the Digital Services Act, seeking to avoid extra obligations like turning off personalized algorithms.
The Commission is currently investigating X for potentially failing to tackle illegal violent content and disinformation, particularly following the start of the Hamas-Israel war last year.
The original article contains 519 words, the summary contains 190 words. Saved 63%. I’m a bot and I’m open source!
far_university1990@feddit.de 9 months ago
🤏🎻
BloodSlut@lemmy.world 9 months ago
here’s to hoping they get slapped