Facebook and Twitter are not doing enough to protect consumers, European Union warns

The authorities across the bloc who requested the changes last year have the power to fine the firms if they do not comply

The European Commission said Thursday that United States social media giants have made an effort to comply with EU consumer protection rules, but that Facebook and Twitter have not made all the required changes. "Some companies are now making their platforms safer for consumers; however, it is unacceptable that this is still not complete and it is taking so much time".

The three major internet companies had published on Thursday the changes they are making to comply with the demands of European regulators, which must be implemented in all languages by spring. Facebook and Twitter have only partially addressed important issues about liability and the manner in which users are informed of possible content removal or contract termination.

European commissioner Vera Jourova said the use of social media networks as advertising and commercial platforms meant they faced the same rules as offline service providers. It should make sure that all companies that do not respect European Union law face serious and deterrent sanctions, including fines that are calculated on the basis of the company's annual worldwide turnover, on the geographical scope and the gravity of the infringement.

Facebook has already said it will re-design its services for Europe in accordance to the new terms.

A Google spokesman declined to comment and Twitter did not immediately respond to a request for comment.

The European Commission accuses Twitter for changing the general terms of use without notification.

Social networks are no longer prevented from taking advantage of the rights conferred by European law as regards consumer protection, and in the future will better identify both commercial communications and sponsored content.

USA technology companies have faced tight scrutiny in Europe for the way they do business, from privacy issues to how quickly they remove illegal or threatening content.

The commission did however welcome efforts made by Google to comply with the rules, such as ensuring it provided a deadline for fulfilling requests to remove illegal content online.

Related News:

  • Many Bitcoin, Cryptocurrency Owners Not Reporting Holdings On Their Taxes, Report Says

    Many Bitcoin, Cryptocurrency Owners Not Reporting Holdings On Their Taxes, Report Says

    Cryptocurrency investors have had a history of being evasive when it comes to paying taxes on their gains. Likewise, high-profile Bitcoin investors have been warning others to comply with IRS regulations.
    EPL: Pogba 'regrets' Manchester United return following fallout with Mourinho

    EPL: Pogba 'regrets' Manchester United return following fallout with Mourinho

    Sources told ESPN FC that Chelsea were unfamiliar with Corti's identity as a prankster and his intentions when he was accredited for the press conference.

    Analyst Opinion Summary: Weatherford International plc (WFT), OncoSec Medical Incorporated (ONCS)

    Following the sale, the vice president now owns 232,399 shares of the company's stock, valued at approximately $985,371.76. American National Insurance Communications Tx owns 1.73% invested in The Boeing Company (NYSE:BA) for 129,450 shares.
  • Roundview Capital LLC Has $2.66 Million Stake in Southwest Airlines Co (LUV)

    The company was upgraded on Thursday, January 5 by Morgan Stanley. (NYSE: LUV ) on Wednesday, September 20 to "Outperform" rating. Oregon Pub Employees Retirement Fund stated it has 219,858 shares. 93,717 were accumulated by Lee Danner And Bass. (NYSE: LUV ).
    Frank Ocean Shares Cover of

    Frank Ocean Shares Cover of "Moon River" from 'Breakfast at Tiffany's'

    Ocean, and he's hinted that he's completed a new album, but ( in his words ) "I JUST AIN'T PUT THAT BITCH OUT!" We're not ones to give career advice to Mr.
    Newcastle stalwart explains how Benitez led Magpies to win over Man United

    Newcastle stalwart explains how Benitez led Magpies to win over Man United

    The Spaniard acknowledged that he would rather not be writing in the wake of the 1-0 loss at St James' Park . Asked when he found out he was in the team, he said: "Actually, two hours before the game".
  • Must Yankees things to know Thursday | Daredevil Aaron Judge won't change ways

    Must Yankees things to know Thursday | Daredevil Aaron Judge won't change ways

    The surgery cleaned out some cartilage. "He said, 'When we get down to Tampa , let's spend some time in the cage and pick each other's brain".

    What Are Analysts Suggestions On National Oilwell Varco, Inc. (NOV)

    Keybank National Association Oh reported 7,963 shares. (NYSE:NOV) earned "Sell" rating by Suntrust Robinson on Monday, August 7. National Oilwell Varco, Inc. price was kept to a minimum $33.115 in intra-day trade and has returned -6.55% this year alone.
    Cisco returns to growth, stock pops

    Cisco returns to growth, stock pops

    Proponents of the tax law say the plan gives companies motivation to bring money overseas back to the U.S. Cisco also said it lost $8.8 billion, or $1.78 a share, in the quarter that ended January 27.
  • First Horizon National (NYSE:FHN) to Repurchase $250.00 million in Shares

    The Illinois-based Citadel Advisors Limited Liability Company has invested 0.04% in First Horizon National Corporation (NYSE:FHN). Cerebellum GP LLC acquired a new position in shares of First Horizon National in the 4th quarter valued at $124,000.
    Fannie Mae to seek $3.7B cash infusion from USA  taxpayers

    Fannie Mae to seek $3.7B cash infusion from USA taxpayers

    Additionally, Fannie Mae provided more than $67 billion in multifamily and other rental financing in 2017, the company said . They now send almost all of their profits to the government and aren't required to pay anything when they have losses.
    Florida High School Football Coach Deemed A Hero

    Florida High School Football Coach Deemed A Hero

    Someone on the radio asked if loud sounds they heard were firecrackers, said football coach Willis May, who also carries a radio. Authorities say Feis was one of almost 20 victims who died in the shooting at the hands of Nikolas Cruz, 19.


Most liked

Lazard Ltd (NYSE:LAZ) Position Trimmed by Meritage Portfolio Management
Moreover, Eqis Capital has 0.02% invested in Lazard Ltd (NYSE:LAZ) for 8,858 shares. 4,590 are owned by Cullen Frost Bankers. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Lazard by 18.4% during the 2nd quarter.

Quarterly Earnings Forecast Overview: Marathon Petroleum Corporation (MPC)
Cs Mckee Lp increased its stake in Marathon Petro (MPC) by 10.09% based on its latest 2017Q3 regulatory filing with the SEC. Marathon Petroleum Corporation is a part of Basic Materials sector and belongs to Oil & Gas Refining & Marketing industry.

Raises Position in Conagra Brands Inc (CAG)
It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value. (NYSE:CAG). Parkside National Bank holds 496 shares or 0.02% of its portfolio. 840,267 were accumulated by Canada Pension Plan Inv Board.

Paczki Day at Smurawa's Country Bakery
LaDawn Stuben, the head pastry chef at Liberty Market in downtown Gilbert, learned to make the decadent doughnut five years ago, after her husband - who's from MI - had trouble finding them in Arizona.

Lapides Asset Management LLC Grows Position in Nuance Communications Inc. (NUAN)
Finally, Sicart Associates LLC raised its holdings in shares of Nuance Communications by 0.5% during the second quarter. The business had revenue of $508.80 million during the quarter, compared to the consensus estimate of $508.55 million.

Xbox Party Chat now available via iOS, Android
You can also invite others to a party chat, or control the settings for a chat using the mobile apps. Microsoft has just launched party chat support in its Xbox apps for Android and iOS .

Buy or Sell Recommendation?: Citizens Financial Group, Inc. (CFG)
Wafra Investment Advisory Group Inc, which manages about $7.55B and $2.06B US Long portfolio, decreased its stake in Celgene Corp. It is positive, as 50 investors sold CFG shares while 178 reduced holdings. 55 funds opened positions while 175 raised stakes.

Italy Trade Surplus Shrinks In December
The departure of the United Kingdom from the European Union may put pressure on the trading relations between Ireland and the UK. The trade surplus dropped to Euro 5.3 billion in December from Euro 5.7 billion in the corresponding month past year .

Purchases 212814 Shares of Shaw Communications Inc (SJR)
The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06). Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) was the recipient of a significant growth in short interest in January.

Nokia 7 Plus, Nokia 1 Android Phones Revealed In Leaked Renders
It should run Android Go (Oreo Edition) that is a lighter version of the OS developed by Google for the low-end smartphones. Android One is being installed on several phones already but Nokia seems to be considering it for the premium Nokia 7 +.

Stephens Inc. AR Buys Shares of 3871 Jacobs Engineering Group Inc (JEC)
Fny Managed Accounts Limited stated it has 0.03% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 357,937 shares. Want to see what other hedge funds are holding JEC? On Tuesday, July 26 the stock rating was maintained by Citigroup with "Buy".

The 3M Company (MMM) Stake Raised by Oakbrook Investments LLC
It is negative, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. Therefore 30% are positive. 3M has a consensus rating of "Hold" and an average price target of $225.44.

Conning Inc. Increases Position in Caterpillar Inc. (NYSE:CAT)
Since October 26, 2017, it had 0 insider purchases, and 4 insider sales for $16.35 million activity. Another trade for 1,572 shares valued at $216,276 was made by De Lange Bob on Thursday, October 26.

Military court hands down 4 life sentences to Halamish terrorist
An Israeli court has only sentenced one person to death - Nazi leader and a principal architect of the Holocaust, Adolf Eichmann. One judge in the three-seat panel decided that al-Abed should receive the death sentence, the spokesperson said.

FAU defensive coordinator Chris Kiffin joining 49ers coaching staff
They also lost offensive line coach Garin Justice (UNLV) and defensive backs coach Corey Batoon (Hawaii). Kiffin is the fourth member of the coaching staff to leave the program.