Technology groups face hefty fines if they are found guilty of breaching Digital Markets Act
The EU law means that digital ‘gatekeepers’ have to comply with guidance to ensure a level playing field for their rivals and to give users more choices.The EU law means that digital ‘gatekeepers’ have to comply with guidance to ensure a level playing field for their rivals and to give users more choices.Apple, Google’s parent company and Meta are being investigated by the EU for potential breaches of the bloc’s new laws designed to police anti-competitive behaviour by big technology companies.
“The Digital Markets Act became applicable on 7 March,” he said. “We have been in discussions with gatekeepers for months to help them adapt, and we can already see changes happening on the market. But we are not convinced that the solutions by Alphabet, Apple and Meta respect their obligations for a fairer and more open digital space for European citizens and businesses.”
“The soon we have changes, the sooner consumers can have the benefit of having the DMA,” she said. She said the EU had put in place “strong deterrents” to encourage tech companies to take their obligations seriously with hefty fines for those that failed to meet the standards required. Max von Thun, the Europe director of the Open Markets Institute, which researches the impact of corporate monopolies, said the commission should also be ready to use non-financial punishments allowed under the act, such as forcing the sale of parts of a business.
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