EU to introduce new rules for tech giants
The European Union is set to introduce a new set of rules in an attempt to limit the market power of tech giants and level the playing field for smaller tech companies. The rules would apply to social media platforms and search engines with a market capitalisation of at least 75bn Euros.
Under the Digital Markets Act (DMA), large messenger platforms will have to “open up and interoperate with smaller messaging platforms, if they so request”. Additionally, there will be stricter rules on how tech companies use user data, and there will be a requirement to allow users to “freely choose their browser, virtual assistants or search engines”.
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