(CNN Business) Over the last year, the worldwide web has started to look less worldwide. Europe is floating regulation that could impose temporary bans on US tech companies that violate its laws. In its announcement of the deal, however, Facebook hinted at the possibility of similar clashes in the future. A combination of rising nationalism, trade disputes and concerns about the market dominance of certain global tech companies has prompted threats of regulatory crackdowns all over the world. Several other countries, including the United Kingdom and Canada are now considering similar legislation against social media companies — and many of those countries are talking to each other about how best to do that.

Source: The Nation February 23, 2021 16:07 UTC