Published: 29th Mar, 2024
Context
The European Union is investigating Apple, Google, and Meta for potential violations of the new Digital Markets Act, which aims to curb the power of big tech companies and create a more level playing field for smaller businesses.
About Digital Markets Act (DMA)
- The DMA is a groundbreaking European law aiming to prevent large online platforms that connect consumers with content, goods, and services from abusing their market power.
- The DMA aims to ensure contestable and fair markets in the digital sector.
- It regulates gatekeepers, which are large digital platforms that provide an important gateway between business users and consumers, whose position can grant them the power to create a bottleneck in the digital economy.
- The European Commission believes that keeping the big internet companies in check can lead to more competition and choice, greater innovation, better quality, and lower prices.
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