**Landmark EU Legislation Aims to Rein in Big Tech**
In a move that has sent shockwaves through the tech industry, the European Union has implemented sweeping new regulations designed to curb the power and influence of major technology companies. The Digital Markets Act (DMA) and Digital Services Act (DSA), which came into effect on November 1, 2023, represent a comprehensive overhaul of the digital landscape in Europe and have the potential to reshape the global tech landscape.
**Key Provisions of the DMA**
The DMA introduces a number of significant measures aimed at preventing anti-competitive practices by large tech platforms. These include:
– **Interoperability:** Platforms with a certain market share must allow users to interact with third-party services and products on their platform.
– **Fair Competition:** Gatekeeper platforms are prohibited from giving preferential treatment to their own services and products over those of competitors.
– **Data Sharing:** Platforms must make it easier for users to transfer their data to other services, including competitors.
– **Transparency:** Gatekeeper platforms must provide greater transparency about their algorithms and data collection practices.
– **Fines and Penalties:** Companies that violate the DMA can face fines of up to 10% of their global turnover or, in the case of repeated violations, up to 20%.
**Scope of the DMA**
The DMA applies to companies designated as .
