8 Sep 2023

Regulation: this is where Europe want to take lead globally...

the rest of the world (especially the #us) wants to lead on #innovation and #growth but Europe wants to become the champion of #regulation... Indeed, U.S. tech giants are facing stricter rules in Europe with more regulation (the Digital Markets Act or DMA) announced this week. The European Commission, the executive arm of the EU, named six “gatekeepers” on Wednesday — these are companies that have an annual turnover above 7.5 billion euros ($8 billion) or 45 million monthly active users inside the bloc. They are Amazon, Alphabet, Apple, Microsoft, Meta and ByteDance, who now have six months to comply with stricter market rules — such as not being able to prevent users from uninstalling any pre-installed software or apps, or treating their own services more favorably. Source: CNBC, politic.eu


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