US Tech Giants Meet Gatekeeper Requirements in EU Regulation
United States (U.S.) based tech giants Alphabet, Amazon, Apple, Meta Platforms, and Microsoft told the European Commission that they qualify as gatekeepers.
In a Tuesday tweet, European Union Industry Chief Thierry Breton said Tiktok-owner ByteDance and South Korea’s Samsung also notified the commission about meeting the gatekeeper threshold.
Under the European Union’s Digital Markets Act, online platforms will be designated gatekeepers if they have over 45 million monthly active users and 75 billion euros in market capitalization.
Gatekeepers are subject to various obligations designed to ensure a fair business environment. The commission will announce official designations by no later than Sept. 6.
Under the Digital Markets Act (DMA) which came into force last November, companies with more than 45 million monthly active users and a €75 billion market capitalisation are considered gatekeepers providing a core platform service.
According to the regulation, Companies labelled gatekeepers will be required to make their messaging apps interoperate with rivals and let users decide which apps to pre-install on their devices.
They will not be allowed to favour their own services over rivals’ or prevent users from removing pre-installed software or apps, two rules that will hit Google and Apple hard. These companies in the category can be fined up to 10% of annual global turnover for DMA violations.
US Tech Giants Meet Gatekeeper Requirements in EU Regulation
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