Digital Markets Act: EU agrees new antitrust rules for the digital economy

Digital Markets Act: EU agrees new antitrust rules for the digital economy

2 years ago
Anonymous $R5WK5a8uaN

https://techmonitor.ai/policy/digital-economy/digital-markets-act-eu-agrees-antitrust-rules-digital-economy

The EU last night agreed the terms of its Digital Markets Act, a new proactive approach to regulating competition in the digital economy. The Act is expected to force tech giants including Google, Meta, Apple and Amazon to change how they integrate their digital services and handle customer data.

"Large gatekeeper platforms have prevented businesses and consumers from the benefits of competitive digital markets," said competition commissioner Margrethe Vestager. "The gatekeepers will now have to comply with a well-defined set of obligations and prohibitions. This regulation, together with strong competition law enforcement, will bring fairer conditions to consumers and businesses for many digital services across the EU.”