New fines levied by European regulators against Meta and Apple are the latest reminder that Big Tech companies must now maneuver between two wildly different regimes in the U.S. and the EU.
: In some cases, U.S. companies have had to make changes to business models or product design to comply with European law, resulting in significant differences between the products or services deployed on either side of the Atlantic.to change some business practices around the way merchants can advertise their products on the Amazon website.In other cases,
differing rules in the U.S. and the EU mean that an online platform's policies might be merely controversial in one region but outright illegal in the other. Some experts have flagged Twitter's push to relax content rules under Elon Musk as likely to run afoul of EU regulators, who haveBiden administration regulators at the Federal Trade Commission and the Justice Department, along with lawmakers from both parties in Congress and in many states, have all sought to heighten pressure on tech giants.
But partisan divides, a more business-friendly culture and costly lobbying efforts by affected companies have so far limited those efforts here. Meanwhile, the EU has woven a blanket of complex laws that tech firms must scramble to comply with — or keep paying out big penalties.Meta's new $414 million fine stems from a proceeding that began in 2018.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hundreds of fresh Bay Area layoffs jolt tech and biotech firms at year’s endHundreds of job cuts jolted the wobbly tech and biotech sectors in a fresh round of job cuts affecting Bay Area workers.
Read more »
New Year, New Me: Are New Year’s resolutions a good idea?As we head into 2023, we take an in depth look at whether New Year's resolutions are even a good idea and if you're going to take them on, how to stay with it.
Read more »
New logo, new features, same great taste: Welcome to the new L.A. Times FoodFrom Times editors Laurie Ochoa and Daniel Hernandez: There's no better place or moment for eating and cooking than in Los Angeles right now.
Read more »
Dell's New UltraSharp Monitor is the First 6K Display to Use IPS Black TechThe Dell UltraSharp 32 Monitor is the first 6K display to use LG’s IPS Black Technology, which promises higher contrast and deeper blacks.
Read more »
Neuralink Cofounder Says New Company's Eye Implant Could Be 'Ultimate' VR TechAfter leaving Neuralink in 2021, Max Hodak is back with a brain-computer interface startup of his own — and his plans are pretty next-level.
Read more »
Witchfire Releases New Gameplay Trailer Featuring NVIDIA TechIndie developer and publisher The Astronauts released a new trailer this week for Witchfire, showing off the game with the help of some NVIDIA tech. indiedev indiegame
Read more »