European commission rules on Media companies
The European Council has approved a set of proposals that would require companies such as Facebook, Twitter, and…www.theverge.com
This is clearly not the way freedom of speech and regulation should go. If these proposals come to life that would mean 2 things for consumers
1) Media companies including FAANG (Facebook Amazon Apple Netflix and Google) will define what is hate speech and block it. Rather than let consumers decide. Freedom of information will be compromised
2) If 30% of content has to be made in Europe. Rather than let market dynamics work and let companies compete on consumer choice & quality, quotas will change focus on volume.
This is not in best consumer interest or industry in general