EU's Digital Markets Act Enforces Major Changes on Tech Giants

The act targets 'gatekeepers' like Apple and Google to promote competition and consumer choice, with global implications for digital market regulation.

The European Union's Digital Markets Act (DMA) requires major tech companies to make significant changes to promote fair competition, affecting services like app stores, search engines, and social media platforms.
Tech giants like Apple, Google, Amazon, Meta, Microsoft, and ByteDance are designated as 'gatekeepers' under the DMA, facing potential fines for non-compliance.
Apple's response includes allowing third-party app stores and cutting fees for developers within its payment system, but adds a fee for apps installed through external platforms.
Google and other companies are introducing choice screens for browsers and search engines, aiming to give European users more control over their digital environment.
The DMA's global influence is growing, with countries around the world considering similar regulations to curb the power of tech monopolies.