The EU’s new digital markets law introduces strict technology rules described as “gatekeeper rules”.
Tech giants such as social networks Reuters reports this.
As the agency explains, the new EU Digital Markets Act (DMA) will restrict companies with more than 45 million monthly active users and a market capitalization of 75 billion euros ($81 billion).
The Digital Markets Act (DMA) is a regulation of the European Union. Digital markets need to be ensured to remain fair and competitive, with companies acting as so-called gatekeepers, that is, controlling other players’ access to the market through their market power.
“>guards” provides core platform services to business users.
Thus, ByteDance was named “watchdog” in July 2023, but TikTok appealed this decision to Europe’s second highest court. Booking.com said it expects to become gatekeeper in 2024 due to rising user numbers.
What does the new EU law change for gatekeepers?
As of March 7, the following companies:
- they need to ensure interoperability with competitors in terms of messaging applications;
- should allow users to decide which applications to pre-install on their devices;
- does not have the right to prefer its own services to those of competitors;
- cannot prevent users from uninstalling pre-installed software or applications.
“The Commission now has 45 working days to decide whether companies should be appointed as watchdogs. The Commission will also consider the arguments put forward by the applicant companies to rebut the presumption that they should be appointed in this capacity,” the EU competition authority said. said.
Let us recall that in 2024 such “watchdogs” are identified as Alphabet (Google), Amazon, Apple, Meta and Microsoft.
Additionally, the European Commission plans to fine technology giant Apple for its monopolistic behavior in the music streaming market, following a complaint by Spotify.
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Source: Focus
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.