"EU's Rebooted Antitrust Regime Targets GAFAM, ByteDance, Samsung, and Big Tech Gatekeepers"

1 min read
Source: TechCrunch
"EU's Rebooted Antitrust Regime Targets GAFAM, ByteDance, Samsung, and Big Tech Gatekeepers"
Photo: TechCrunch
TL;DR Summary

Seven tech giants, including Alphabet (Google), Amazon, Apple, ByteDance (TikTok), Meta (Facebook), Microsoft, and Samsung, have informed the European Union that they will fall under the Digital Markets Act (DMA), the EU's rebooted antitrust regime. The DMA imposes obligations and prohibitions on designated gatekeepers, such as banning self-preferencing and limiting the use of third-party data. The DMA aims to level the competitive playing field online and prevent unfair practices by tech giants. The official designation of gatekeepers will be announced later this summer, with enforcement expected by spring 2024.

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