Britain has stepped up to protect Internet consumers. Now, the company will have to face stricter laws when it serves content that is harmful to consumers. Under the law, the concerned internet media company can be fined £ 18 million (about twenty-five hundred billion rupees) or ten percent of the company's global turnover, whichever is higher.
As soon as the law comes into force, big companies like Facebook, Twitter, and Tik Tok will also come under its purview. This new law has been prepared by Home Minister Preeti Patel and Digital Minister Oliver Dowden. Its scope will be internet media sites, websites, apps, and other services, which provide online content to consumers.Within the ambit of the law, there will also be companies that people provide platforms for expressing ideas.
Increased pressure on Internet media companies in America
A US federal regulator has asked five other Internet media companies, including Facebook, Twitter, Amazon, Tik Tok to explain how they get users' data and how they use it.
Please tell that the Federal Trade Commission (FTC) has taken this action given the attractive business model of the tech companies. The FTC believes that companies make data available to advertisers on their platform users so that they can reach specific consumers.