EU Cracks Down on US Tech Giants

EU Cracks Down on US Tech Giants

EU Cracks Down , on US Tech Giants.

EU Cracks Down , on US Tech Giants.

EU nations reached an agreement on March 24 about best practices regarding the digital landscape.

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Known as the Digital Markets Act (DMA), the ruling lays out conditions to which the largest tech companies must now adhere.

The major U.S. tech companies — including Google, Amazon, Meta, Microsoft and Apple — are all affected by DMA.

EU leaders and lawmakers explained the purpose of DMA on social media.

What we want is simple: fair markets also in digital, Margrethe Vestager, EU Antitrust Chief, via Reuters.

Large gatekeeper platforms have prevented businesses and consumers from the benefit of competitive digital markets, Margrethe Vestager, EU Antitrust Chief, via Reuters.

This means that the time of long antitrust cases, during which the authorities were lagging behind the big tech companies, is over, Andreas Schwab, EU Lawmaker, via Reuters.

Tech companies such as Apple responded to the landmark DMA ruling.

We remain concerned that some provisions of the DMA will create unnecessary privacy and security vulnerabilities for our users.., Apple, Statement, via Reuters.

... while others will prohibit us from charging for intellectual property in which we invest a great deal, Apple, Statement, via Reuters.

Google reiterated Apple's initial response to DMA.

While we support many of the DMA's ambitions around consumer choice and interoperability, , Google, Statement, via Reuters.

... we're worried that some of these rules could reduce innovation and the choice available to Europeans.

, Google, Statement, via Reuters