On November 1, 2022, the European Union’s Digital Markets Act (DMA) took effect. This law instigates significant changes for big tech or more specifically, big US tech. It’s presented as a form of regulation intended to foster fair competition.
The DMA is designed to regulate the operations of digital platforms to ensure vendors do not attain a position that could stifle competition. It fits into a broader trend where Europe is taking a leadership role in managing big tech. Other initiatives include the right to be forgotten, GDPR, and data sovereignty rules. At best, Europe is attempting to reign in the abuses of big tech, at worse, it’s Europe’s attempt to reign in US tech companies in lieu of viable competition from European tech companies.
