The EU is squaring up to Big Tech - and the fallout will be huge

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The Digital Markets Act, which has now come into force, is designed to rein in Big Tech. The consequences will be far-reaching.

online platforms to backroom engineering, Google, Apple, Amazon, Microsoft, Meta and TikTok owner ByteDance have scrambled over the last six months to comply with landmark EU tech rules that come into force on Thursday. is one of the most comprehensive regulatory actions to rein in so-called “Big Tech” and is expected to reshape the global technology industry after decades of unfettered growth.

The legislation is expected to reshape the global technology industry after decades of unfettered growth Apple is the most affected by the DMA, which forces the iPhone maker to open up its closed ecosystem such as allowing software developers to distribute their apps to users in the EU outside of its own App Store.

With eight core platform services subject to the DMA, more than any other company, and despite putting thousands of tech engineers to work on its compliance efforts, Google also runs the risk of a potential investigation.

Source: Financial Digest (financialdigest.net)

 

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