Violating the Digital Services Act can result in fines up to 6% of the company's global annual revenue and even temporary suspension of services in case of serious harm to users or criminal offenses. The act aims to create a safer digital space and protect users' fundamental rights.
X, formerly known as Twitter, left the EU's code of practice, which aimed to ensure social media platforms complied with new EU laws2. Elon Musk's platform was criticized by the EU for its initial report being "short of data, with no information on commitments to empower the fact-checking community6." The EU's new Digital Services Act places extra obligations on big companies to protect users against extreme content.
The Digital Services Act (DSA) is a regulation in EU law that aims to update the Electronic Commerce Directive 2000 regarding illegal content, transparent advertising, and disinformation5. Its purpose is to create a safer online environment for consumers and companies in the European Union by governing the content moderation practices of social media platforms and addressing illegal content.