The European Union has been trying for some time to stop and curb the power of large technology companies, especially those known as GAFA (Google, Amazon, Facebook (now Meta) and Apple). There are inspections and proceedings against their monopolistic activities, which in many cases have already resulted in large fines for monopoly.
Laws are also passed to curb them, such as the Digital Markets Act, whose extension has just been approved, by 642 votes in favor, eight against and 46 abstentions; in a vote in the European Parliament.
The main objective of the regulations included in the DMA is to monitor these platforms more closely, since the European Union alleges that these companies use their dominant position to end competition. In addition to the large platforms already mentioned, the law also applies to those engaged in the provision of services such as cloud computing, video sharing or social networks, among others.
After the approval in the EU Parliament, the Digital Markets Law has increased its scope, and now the companies it affects are also web browsers, virtual assistants or connected television. The number of practices considered acceptable in the law has also increased.
Among them are standards for the interoperability of services, restrictions on what are known as “killer purchases.” In addition, it establishes and establishes the role of the national authorities in charge of protecting competition.
Andreas Schwab, one of the most prominent parliamentarians in the drafting of the new regulations, has welcomed the result of the vote, on which he has stated that «The current adoption of the DMA negotiation sends a strong message: the EU is against the unfair business practices employed by the digital giants. We will ensure that digital markets are open and competitive. It’s good for consumers, good for businesses, and good for digital innovation. Our message is clear: the EU will strengthen the rules of the social market economy also in the digital sphere, and this implies that the legislators, not the digital giants, dictate the rules on competition«.