Digital Markets Act in Europe and other privacy legislation
Posted: Tue Feb 18, 2025 6:14 am
The Digital Markets Act promises to open a new digital scenario in Europe that would mean a major challenge for large companies in the technological ecosystem .
The European Union (EU) recently approved the Digital Markets Act, which is expected to come into force during the first months of 2023.
This law seeks to regulate the actions of well-known and well-positioned platforms in the market such as Amazon, Meta and Google - just to mention a few - in order to promote fair competition in the technology market and limit monopolistic behavior by " big tech " .
Keep reading to find out what it's all about!
What is the Digital Markets Act?
The Digital Markets Act (DMA) is a law that aims to limit monopolistic behavior by chile phone number list large technology companies and pave the way for the entry of new players in digital markets by guaranteeing fair competition , impacting both consumers and businesses.
But which companies does this law aim to stop?
Big Tech , also known as GAFAM, is made up of five major technological powers from the United States: Google, Amazon, Facebook (now Meta), Apple and Microsoft. The success and positioning of these organizations lies in both their social and economic impact , as they represent the highest level of their ecosystem.
The millions of users that these large companies connect daily and the millions of revenues they earn have transformed them into market dominant companies , thus gaining power over smaller companies and becoming an important part of consumers' lives.
Photo by PhotoMIX Company
That is why an initiative was launched in Europe that seeks to regulate the digital sector .
This initiative is part of a package of measures that aims to promote a level playing field, and its discussion is being carried out by the European Commission, Parliament and the 27 states that make up the European Union (EU).
Among these legislative measures is the Digital Markets Act (DMA), which could become a precedent for other countries and which calls these large technology providers “gatekeepers” .
The Digital Markets Act will apply to all companies in the technology and digital sector that have operations in Europe, regardless of their origin. In addition, they must meet certain other criteria.
The European Union (EU) recently approved the Digital Markets Act, which is expected to come into force during the first months of 2023.
This law seeks to regulate the actions of well-known and well-positioned platforms in the market such as Amazon, Meta and Google - just to mention a few - in order to promote fair competition in the technology market and limit monopolistic behavior by " big tech " .
Keep reading to find out what it's all about!
What is the Digital Markets Act?
The Digital Markets Act (DMA) is a law that aims to limit monopolistic behavior by chile phone number list large technology companies and pave the way for the entry of new players in digital markets by guaranteeing fair competition , impacting both consumers and businesses.
But which companies does this law aim to stop?
Big Tech , also known as GAFAM, is made up of five major technological powers from the United States: Google, Amazon, Facebook (now Meta), Apple and Microsoft. The success and positioning of these organizations lies in both their social and economic impact , as they represent the highest level of their ecosystem.
The millions of users that these large companies connect daily and the millions of revenues they earn have transformed them into market dominant companies , thus gaining power over smaller companies and becoming an important part of consumers' lives.
Photo by PhotoMIX Company
That is why an initiative was launched in Europe that seeks to regulate the digital sector .
This initiative is part of a package of measures that aims to promote a level playing field, and its discussion is being carried out by the European Commission, Parliament and the 27 states that make up the European Union (EU).
Among these legislative measures is the Digital Markets Act (DMA), which could become a precedent for other countries and which calls these large technology providers “gatekeepers” .
The Digital Markets Act will apply to all companies in the technology and digital sector that have operations in Europe, regardless of their origin. In addition, they must meet certain other criteria.