Digital Markets Act Proposed to Tame Big Tech; Yandex Spark Concerns over Data sent to Russia – ExchangeWire

In this weekly segment, ExchangeWire sums up key industry updates in media, marketing, and commerce from around the globe. In this edition: European lawmakers propose the Digital Markets Act to tackle antitrust behaviour in Big Tech; Russia’s search engine, Yandex, has sparked security concerns over harvesting users’ data; US representatives propose a new bill to create a digital dollar; and, Meta have hired digital consulting firm Targeted Victory to “orchestrate a nationwide campaign” against TikTok.

Lawmakers in Europe have finalised proposed rules under the Digital Markets Act, mandating that tech giants must open their services and platforms to other businesses. The act marks the EU’s most significant regulatory move against antitrust behaviour from Big Tech companies, who have long been accused of using their dominance in the market to block competitors.

Heavy-hitters affected by the proposed Digital Markets Act include Google, who will be asked to provide an alternative to…

Read Full Story: https://www.exchangewire.com/blog/2022/04/01/digital-markets-act-proposed-to-tame-big-tech-yandex-spark-concerns-over-data-sent-to-russia/

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