U.S. tech giants spared strict rules in EU digital overhaul, Reuters says

Reuters reports that Google, Meta Platforms, Netflix, Microsoft and Amazon will not face heavy-handed rules in the EU's planned Digital Networks Act; EU tech chief Henna Virkkunen will present the proposal on January 20.

Reuters reports that several major U.S. technology firms are expected to avoid heavy-handed requirements in an EU overhaul of digital rules. The article mentions Google, Meta Platforms, Netflix, Microsoft and Amazon. EU tech chief Henna Virkkunen will present the proposed Digital Networks Act on January 20. The proposal is described as aiming to boost Europe’s competitiveness and to encourage investment in telecoms infrastructure. Key points: - Reuters reports that the digital rule revamp is not expected to impose heavy-handed regulations on the named U.S. companies. - The article mentions Google, Meta Platforms, Netflix, Microsoft and Amazon as the firms cited. - EU tech chief Henna Virkkunen is scheduled to present the Digital Networks Act on January 20. - The proposal is described as aiming to boost Europe’s competitiveness and investment in telecoms infrastructure. Summary: The report indicates the Digital Networks Act as presented will not place heavy-handed obligations on the named U.S. platforms, which will shape how oversight is framed for large online services in Europe. The presentation is set for January 20; further legislative steps or details were not specified in the report.