"EU's Digital Markets Act: Impact on Tech Giants and Regulatory Compliance"

The Digital Markets Act (DMA) takes effect in the European Union, targeting tech giants like Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft, imposing strict regulations and hefty fines for non-compliance. The EU aims to create a level playing field in the digital sector and has already influenced global tech regulation, with governments worldwide considering similar legislation. The DMA, alongside the Digital Services Act, signals a new era of tech regulation, but certain digital markets remain outside its scope.