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dysfunctional digital marketsTechCrunch
•82% Informative
EU 's Digital Services Act and Digital Markets Act are joint response to Big Tech's market power.
Key concerns driving lawmakers include a belief that major digital platforms have ignored consumer welfare in their rush to scale fatter profits online.
EU also sees dysfunctional digital markets as undermining the bloc’s competitiveness, thanks to phenomena like network effects and the power of big data.
The DMA is also enforced centrally by the Commission , but this regime applies to far fewer tech giants.
Just six companies were originally designated as “gatekeepers” Back in May , European travel giant Booking was named the seventh .
Regulated categories for the DMA cover strategic infrastructure where Big Tech platforms mediating other businesses’ access to consumers.
The EU 's big hope is that a set of operational commandments applied to the most powerful forces in tech will trigger a wide-ranging market reset that rekindles service innovation and supports consumer welfare.
The regulation only started applying on gatekeepers in February 2024 (versus late August 2023 for the DSA rules on VLOPSEs ) On certain issues, some gatekeepers are clearly digging in and preparing to fight.
VR Score
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