During a meeting on Thursday, the European Union reached an agreement on a major competition reform that will see the EU impose up-front rules on how the most powerful, “intermediating” tech platforms can & cannot operate, along with fines of up to 10% of global annual turnover (or even 20% for repeat violations).
European Union reaches provisional agreement on antitrust law targeting tech giants – engadget.com
The European Union has reached an agreement to adopt the Digital Markets Act (DMA), a sweeping antitrust law meant to rein in Apple, Google, Meta and other tech giants. Lawmakers reached a “provisional” agreement on the law Thursday, following hours of negotiations, the European Parliament wrote…
Link: European Union reaches provisional agreement on antitrust law targeting tech giants
via www.engadget.com
