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European Digital Markets Act: Changes For Tech Giants

The Amazon logo is shown at the Vivatech show in Paris, June 15, 2023. New European Union rules aimed at preventing tech companies from dominating digital markets will change what people see on

Europeans will soon experience changes in their digital landscape as the Digital Markets Act (DMA) comes into effect, requiring six tech giants to comply with new regulations by midnight Wednesday. The DMA targets 22 services, including Google's Maps, YouTube, and Chrome browser, Amazon's Marketplace, Apple's Safari Browser and iOS, Meta's Facebook, Instagram, and WhatsApp, Microsoft's Windows and LinkedIn.

Under the DMA, companies face fines up to 20% of their annual global revenue for violations or even potential business breakups for repeated infringements. The DMA aims to make digital markets fairer and more contestable, setting a precedent for global digital regulation.

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