Europe enforces the Digital Markets Act (DMA) affecting six major tech companies, mandating fairer competition and user choice. The DMA targets 22 services, including Google, Amazon, Apple, Meta, Microsoft, and TikTok, with potential fines up to 20% of their global revenue. It aims to prevent monopolistic practices and offers consumers options for default browsers, search engines, and app downloads. While applauded for addressing tech dominance, concerns linger about user awareness of alternatives and potential impacts on smaller players. The DMA sets a precedent for global digital regulation, with other countries considering similar measures.
Europe Implements Digital Market Act to Curb Tech Giants
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/03/07133637/Europe_Digital_Rules_44332-1-860x484.jpg)