This groundbreaking European law designed to limit big tech's power over the internet comes into effect in 2023
The Digital Markets Act (DMA) is a groundbreaking European law aiming to prevent large online platforms that connect consumers with content, goods, and services from abusing their market power. The European Union (EU) believes that strict regulation of big technology companies, the so-called gatekeepers of the digital economy, will lead to more competition and choice, greater innovation, better quality, and lower prices.1
Failure to comply with the DMA, which was first proposed in December 2020 and is set to fully come into force during 2023, can result in hefty fines and even the possibility of being forced to offload assets or being banned from operating within European borders. It only applies within the EU, however. The penalties make it a potentially game-changing piece of legislation that could have huge implications for big tech and how we use the internet.2
This is a paid press release. Contact the press release distributor directly with any inquiries. NEW YORK, September 23, 2026--(BUSINESS WIRE)--The Special Committee of the Board of Directors (the ...