This is a most excellent place for technology news and articles.
I don't know how any American can read the consumer protection laws coming out of Europe and still act like they aren't jealous. Goddamn I wish we could pull our heads out of our asses
It's easier to fool someone than to convince them they'd been fooled.
Honestly its like the California thing, we should be glad that they are there to set the standard. Imagine if they had absolute free reign of all the markets.
This is the best summary I could come up with:
The package of laws will also pave the way for more competition in some of the areas most closely guarded by the tech firms, including Apple Wallet and Google Pay.
The Digital Markets Act (DMA), the second big package of EU laws to hit tech firms in two months, defines a series of obligations that gatekeepers need to comply with, including not engaging in anti-competitive practices.
The DMA aims to undo the gatekeeper or controlling position that large tech companies have commanded in the last 10 years and gives the European Commission the power to conduct market investigations and design remedies if the firms fall out of line.
The tech companies – including Apple, Google and Amazon – have six months to comply with a full list of dos and don’ts under the new laws, after which they could be fined up to 10% of their turnover.
The laws will initially apply to six companies: Alphabet (which owns Google), Amazon, Apple, ByteDance (the owner of TikTok), Meta (Facebook, Instagram and WhatsApp) and Microsoft.
He described the DMA as an “important milestone” that would put consumers and concerned parents back in the driving seat, guarding against abuse and endless hours of content aimed at children on the likes of TikTok.
The original article contains 692 words, the summary contains 209 words. Saved 70%. I'm a bot and I'm open source!
This sounds amazing. Where is the problem?
If not:
FREUDE
