EU Negotiators Agree on Landmark Law to Curb Big Tech – Voice of America – VOA News

BRUSSELS —

Negotiators from the European Parliament and EU member states agreed Thursday on a landmark law to curb the market dominance of U.S. big tech giants such as Google, Meta, Amazon and Apple.

Meeting in Brussels, the lawmakers nailed down a long list of do’s and don’ts that will single out the world’s most iconic web giants as internet “gatekeepers” subject to special rules.

The Digital Markets Act (DMA) has sped through the bloc’s legislative procedures and is designed to protect consumers and give rivals a better chance to survive against the world’s powerful tech juggernauts.

“The agreement ushers in a new era of tech regulation worldwide,” said German MEP Andreas Schwab, who led the negotiations for the European Parliament.

“The Digital Markets Act puts an end to the ever-increasing dominance of Big Tech companies,” he added.

The main point of the law is to avert the years of procedures and court battles needed to punish Big Tech’s monopolistic behavior in which cases…

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source: https://news.oneseocompany.com/2022/03/24/eu-negotiators-agree-on-landmark-law-to-curb-big-tech-voice-of-america-voa-news_2022032416736.html

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