EU’s Crackdown on Big Tech

The video discusses a call involving major tech companies and the EU's internal Market Commissioner, focusing on upcoming legislation like the Digital Markets Act and Digital Services Act. These laws could significantly impact data storage, sharing, and content responsibility on social media. The EU aims to regulate big tech, potentially imposing fines or breaking up companies. Although big tech's response has shifted towards acceptance, they emphasize the need for standardized and simple regulations. The video also touches on how US-EU dynamics might change under the Biden administration, especially regarding taxation.

What shift in attitude towards European regulation is observed among big tech companies?

What challenges are mentioned regarding the implementation of new regulations for big tech?