EU Identifies Six Major Tech Firms for Compliance with New Digital Markets Act

  • The European Commission has named Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft as ‘gatekeepers,’ required to adhere to the Digital Markets Act (DMA) regulations.
  • The companies must ensure their services don’t favour their own offerings over rivals and open to third-party interoperability, and must comply by March 2024.
  • Infringing gatekeepers could face fines up to 10-20% of global turnover, forced business sale, or a block from buying related services for systematic violations.
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