after United kingdom Take some action towards technology, especially with Internet Security Bill (“Online Security Act”, in a free translation), major US technology companies may leave the country.
The Online Security Act, due to be approved later this year, aims to protect minors online, with specific rules on the use and viewing of content on social networks. If it is violated, violators may face financial fines. Tech executives who break the rules can face jail time.
In addition, the law intends to change the dynamics of encrypted messages. If messages from apps like WhatsApp They may be handed over to the authorities if harm to children is suspected or for reasons of national security. As reported by the BBC news agencyHey Signal (an app similar to Meta) and WhatsApp itself has threatened to leave the UK.
But there is something else that passes through the parliament of the European country. a Digital Markets Bill (“Digital Markets Bill”, in the free translation) proposes that the UK’s supervisory body select large companies, such as Amazon that it Microsoftfor following certain rules, as well as penalties for non-compliance.
“There’s a clear message here – the EU is a much more attractive place to start a business than the UK,” said Bradford L. Smith, CEO of Microsoft after the Competition and Markets Authority (CMA) blocked the Microsoft takeover. Activision Blizzarda video game developer, by a company created by Bill Gates and Paul Allen in 1975.
These decisions are not well received in Silicon Valley, which is located in California, USA. “There is growing anger here about the UK and EU trying to rein in big tech… This is seen less as moral behavior than about envy and tying up foreign competition,” says technology expert Michael Mallon.