The EU has just passed a deadline for global tech companies to identify themselves as the gatekeepers of several ecosystems under the new Digital Market Act.
The EU commissioner has passed a list that includes seven companies as the gatekeepers already and confirming their stance by September 6th . This will force the concerned companies to open their markets to disrupt their monopoly status in the field effectively.
Breaking Up the Monopolies
Doing business in the EU is always challenging, with its stringent laws always keeping businesses in check for violations. Lately, the Union has passed the Digital Market Act , which requires big tech companies to identify themselves as the possible gatekeepers of specific fields to break them apart lawfully.
7 companies have notified the ???????? Commission that they meet the #Gatekeepers thresholds under the Digital Markets Act ( #DMA ): Alphabet Amazon Apple ByteDance Meta Microsoft Samsung ???? Following our review process, official designation will be announced no later than 6 September pic.twitter.com/1qr5Scly0S — Thierry Breton (@ThierryBreton) July 4, 2023
