The EU’s Digital Market Act takes aim at Big Tech’s monopoly


In a huge blow to Big Tech, the EU is stepping up to regulate their long-criticized, monopolist market strategies. On Monday, the European Council adopted the Digital Markets Act (DMA), a set of new rules to create fairer online competition. The act aims to establish a digital level playing field, by setting clear rights and rules for large online platforms (referred to as “gatekeepers”), so none of them can abuse their position. As per Ivan Bartoš, Deputy Prime Minister for Digitisation and Minister of Regional Development: Thanks to the DMA, we will ensure fair competition online, more convenience for consumers…

This story continues at The Next Web

from The Next Web https://ift.tt/CAxGqYS

Comments

Popular posts from this blog

Quantum physicists say time travelers don’t have to worry about the butterfly effect