Large online platforms including Facebook, Google and Twitter will have to do more to tackle illegal content or face multibillion euro fines under a new European Union regulatory regime agreed on Saturday.
The wide-ranging Digital Services Act (DSA) can fine a company up to 6% of its global turnover for violating the rules – which would be $7bn (£5.9bn) in the case of Facebook’s owner – while repeated breaches could result in a tech firm being banned from doing business in the EU.
