Tech One – Take One

EU ushers in brave new world of Big Tech regulation

The Digital Markets Act clamps down on abuses in the platform economy.

#DMA is the first ever #EU #tech #regulation to be passed aiming at significantly reducing big tech’s #monopoly power (#siliconvalley) and regaining control over EU user’s data.

May Set a precedent for #healthcare #data sharing, #dataprivacy systems #interoperability  #digitalmarket

BY SAMUEL STOLTON March 25, 2022 8:43 am

The European Union has opened a new chapter in antitrust enforcement for the digital economy, adopting a raft of new rules designed to clamp down on abuses by some of the world’s largest tech firms.

In a deal brokered Thursday evening, officials from the European Parliament, Council and Commission concluded 15 months of intense negotiations on a new rulebook for Big Tech giants operating in the European market, the Digital Markets Act.

Google, Amazon, Meta, Apple, Microsoft and other global players such as accommodation outfit Booking and Chinese e-commerce player Alibaba will come under the scope of the Digital Markets Act, which introduces a series of dos and don’ts for tech firms’ behavior across digital markets. A final list of firms will now be drawn up by the Commission.

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