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Digital Markets act, new rules for Big Tech

|Regulation
06 October 2022

EP - Photocredit: © European Union 2022 - Source : EP - Alexis HaulotInternal Market Committee in the European Parliament approved the text agreed by legislators with 43 votes in favours. The EU plan gives fair competition for Big Tech companies and more choice for users. Big online platforms and service providers, such as Facebook, Google and Twitter will soon have to follow new rules to be compliant as "gatekeepers" with the European Union's Digital Markets Act (DMA). On the 16th of May, the European Parliament’s Internal Market Committee endorsed the provisionally agreement with the Council of the EU with 43 votes in favour, one against and one abstention. 

What does change with the new rules?

The text targets large online companies providing “core platform services” most prone to unfair business practices, with a market capitalisation of at least 75 billion euros or an annual turnover of 7.5 billion. Moreover, these companies should have at least 45 million monthly end-users in the EU and 10 000 annual business users.

Consecrating the principle that 'what is illegal offline must also be illegal online', the new measures update the EU directive on e-commerce dated back to 2000, when Big Tech companies were still something unknown. The new measures will force them to monitor content more actively and to "promptly" remove anything illegal or harmful as soon as they become a

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