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How the EU’s DMA is changing Big Tech: all of the news and updates

It’s a major piece of legislation.

Financial Times reports that both companies are privately (and separately) arguing that their services aren’t large or powerful enough to justify earning the restrictions of the Digital Markets Act, a rule designed to promote competition in tech. The European Union aims to begin enforcing the Digital Markets Act (DMA) in spring 2023, Commission executive vice president Margrethe Vestager announced at the International Competition Network (ICN) conference last week, as first reported by TechCrunch. Seen as an ambitious law with far-reaching implications, the most eye-catching measure in the bill would require that every large tech company — defined as having a market capitalization of more than €75 billion and a user base of more than 45 million people in the EU — create products that are interoperable with smaller platforms.

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