Major technology companies are bracing for a wave of new regulations as lawmakers around the world propose sweeping changes to data privacy laws and antitrust measures.

The proposed legislation, which has gained bipartisan support in several countries, aims to address growing concerns about data collection practices, market concentration, and the influence of big tech on democratic processes.

Proposed Regulatory Changes

The new framework includes several key components:

• Stricter consent requirements for data collection and processing
• Mandatory data portability between platforms
• Increased penalties for privacy violations, up to 10% of global revenue
• Requirements for algorithmic transparency in content recommendation systems

Technology companies have expressed mixed reactions to the proposals, with some welcoming increased clarity while others warn of potential negative impacts on innovation and competitiveness.