Key takeaways:

• On July 5, the European Parliament voted to approve the final text of the Digital Services Act (“DSA” or the “Act”), a landmark regulation that is poised to transform the global regulatory landscape for social media platforms, hosting services like cloud service providers, and other online intermediaries.
• In this Debevoise Data Blog post, we have provided an update on the status of the DSA, an overview of the key features of this landmark regulation, and several takeaways for companies about the import of the DSA. Depending on the size and nature of the services provided, companies may need to ensure compliance with an expansive new set of requirements—including unprecedented transparency requirements, accountability for content moderation, and prohibitions on certain targeted advertising—on a tight timeline.
• Continue reading on the Debevoise Data Blog here.