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The EU’s Digital Market Act will obliterate Big Tech’s monopoly
The Next Web AppsIn 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…
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