Europe is nearing the end of the law that will oversee GAFAM

The European Commission is finalizing a draft law aimed at investigating the tech giants, together with EU parliamentarians and their countries, by the end of March. The Digital Services Act, abbreviated as GAFAM, will oversee the powers of Google, Amazon, Facebook and Microsoft. 

European Commission Antitrust Chief Margrethe Vestager said progress had been made in negotiations to implement the deal aimed at reining in the GAFAM.

THE EUROPEAN COMMISSION IS ENACTING THE DIGITAL SERVICES ACT

The European Commission is creating new rules to help rein in the influence and power of Google, Amazon, Facebook, Apple and Microsoft, Shift Delegate reports. 

Among the problems that need to be deciphered by the Digital Services Act are American technology companies that control data and access to their platforms at will. 

THE AIM IS TO PROVIDE A HUMAN-CENTERED DIGITIZATION

The EU's latest bill would allow large US-based tech firms to be placed under tighter supervision in Europe.

European Commission Antitrust Chief Margrethe Vestager told CNBC the following statements about the Digital Services Act and what the law will bring:

Social media can bring people together for a positive change but it can also spread manipulation and hate speech in extreme ways dec With the Digital Services Act, we want to ensure a human-centered digitization and pave the way for a discussion free of hate speech or other illegal content.

In addition, Margrethe Vestager said at the last European Parliament session that they are aiming for a political agreement with technology companies. Negotiations with the leaders of European countries will resume on March 24.