Europe's new rules on Big Tech

As the deadline for gatekeepers to conform to the Digital Markets Act is approaching, critics are already questioning whether the EU Commission will display the focus and the energy to enforce the new rules against deep-pocketed Big Tech companies. But the Commission's enforcement prowess (or lack thereof) is not apparently the only weakness of the new regulation, as some smaller European competitors are even arguing that Big Tech's changes to their business models to comply with the DMA are counterproductive to effective competition. Others point out that the EU is deploying its regulatory weapons on a battlefield that has already lost its strategic relevance, as all efforts should be focused on the AI market(s). This seems an ungenerous critique, since AI deployment will very likely increase the gatekeepers’ market dominance. Whether or not the DMA will prove an effective regulatory tool will depend on the EU Commission's capability to establish an effective dialogue with the gatekeepers and to timely assess all implications of the remedial actions proposed by Big Tech. In a context in which digital entrepreneurship in Europe is spreading, private enforcement may also play a big role. The Sherman Act, the first piece of US Federal antitrust legislation, was of no use for the first ten years after its enactment at the end of the 19th century (and initially it was paradoxically only enforced to crush unions). Only time will tell if the DMA is the appropriate instrument to tame the gatekeepers. #dma #aiact #ai #apple #meta #alphabet #google #bytedance #eu #eucommission #antitrust

Today marks the day that the Digital Markets Act (DMA) comes into force for the world's biggest tech companies, defined as 'gatekeepers'. It has been long in the making and this useful article from The Verge explains how each company is responding. It will be interesting to see how this regulation impacts big tech operations, as well as opportunities for smaller companies to communicate their independence and differentiators. https://lnkd.in/eFcVHQV7 #adtech #martech #bigtech #digitalmarketsact #dma

Europe's Digital Market Act (DMA) deadline for gatekeepers to comply ends today. While key tech firms have implemented some changes, it would be interesting to watch if it has desired results - promote competition #in #europe #competition

The latest chess match between Big Tech and EU regulators, it appears the game is rigged in favor of the giants. A fa?ade of compliance over genuine change. The DMA (Digital Markets Act), a groundbreaking effort to dismantle digital monopolies and foster competition, seems to barely scratch the surface of curbing the dominance of giants like Google, Amazon, Apple, and others. Small companies, like the search engine Ecosia, are worried they'll still be left in the dust. They think these big companies are just pretending to follow the new rules without really changing anything. People hoped these new rules would make a big difference, but so far, it doesn't seem like they're doing enough to stop the giants from keeping all the power. It's like being told to share your toys but still keeping the best ones for yourself. We need to make sure the new rules really work so everyone has a fair chance. What do you think is the best way to make sure that the digital playground is fair for everyone? #DMA #EU #Compliance #revolutionizeREGwithTECH #RegTech

In order to comply with the Digital Markets Act, Google must present its users with a "choice screen" for them to decide on default #services, such as internet browsers or #searchengines. Google insists it wants to comply with the rules and that it believes in giving users “choice and control” and in competing “on the merits”. ?? The rules dictate how the largest, systemic companies (defined as “gatekeepers”) must compete in the EU’s market. ?? They are being closely watched around the world as a test of whether the #tech giants that have dominated the economies of the early 21st century can be successfully regulated. This week brings a pivotal moment. The six gatekeepers — Alphabet Inc., Amazon, Apple, ByteDance, Meta, and Microsoft — were given until March 7 to show they are obeying the rules. But even if they can, there is little evidence yet to suggest that the law is having the desired effect. ?? Industry groups representing travel apps such as Airbnb and Booking.com, and entertainment apps like Spotify and Deezer, complain the tech companies are focused on the letter of the #law rather than the spirit of it, and it is having no meaningful impact on their businesses. #technology #innovation #markets #tech #marketing #management #strategy #digitalmarketing #socialmedia #europe #europeanunion #law #digital #growth #competition #future #searchengine #business

With The Digital Market Act, DMA, the EU is trying to stop big tech from using their market power to squeeze smaller competitors. But as with all regulation, it is not enough. We need citizens, organisations and companies to back the laws and start using e.g Ecosia.com, Duckduckgo ot Startpage in stead of Google search. Firefox, Brave or Vivaldi in stead of Google Chrome. HereWeGo in stead of Google Maps, deepl.com in stead of google translate or chatgpt. Without change in behaviour nothing much will change, the European choices will die like the Cliqz browser did Margrethe Vestager gift article see also dataethics.eu/tools COME ON!

The European Union's move to regulate Big Tech is causing waves in the start-up world! Some cheer for fairness, others fear for innovation. Let's break it down!???? ???? The European Union is turning the spotlight on Big Tech with the Digital Markets Act (DMA). ?? Big debate: Is it a fair move or a potential innovation killer? ?? Key Points: ?? DMA targets "gatekeepers" to create a competitive digital market. ?? Big Tech faces new rules: sharing space with other apps and pre-installation choices for users. ?? Start-ups caught in the crossfire: potential impacts on strategies and exits. Top 3 Lessons Learned: 1. Balancing Act is Key: ??♀? Navigating the fine line between regulation and innovation is a must for start-ups. Finding that sweet spot ensures a thriving ecosystem. 2. Resilience in the Face of Change: ?? The EU's move urges start-ups to adapt, explore new funding avenues, and redefine success beyond traditional models. Flexibility is the name of the game! 3. Global Harmony Matters: ?? The ripple effect of regulations emphasizes the need for a harmonious global approach. Collaboration is crucial to keep the tech industry booming worldwide. Let's chat! What are your thoughts on this shake-up? Drop your insights below! ???? #Startups #TechCrackdown #InnovationEra #eu #europeanunion #tech #techcommunity