The European Commission has published an official list of services offered by ‘gatekeepers’ that must comply with obligations under the new Digital Markets Act. Companies now have six months to comply with the rules.
The European Commission has published an official list of services offered by ‘gatekeepers’ that must comply with obligations under the new Digital Markets Act. Companies now have six months to comply with the rules.
We might only hope this regulatory body has more teeth than their Amerikan counterparts. Otherwise, these megacorps will just pay the fine-- which will no doubt be seen as little more than “the cost of ‘doing business’” for them.
"What will be the consequences of non-compliance?
Fines: of up to 10% of the company’s total worldwide annual turnover, or up to 20% in the event of repeated infringements"
it’s a tough pill to swallow.
Microsoft had an annual turnover of 212 billion USD in 2023, so a 10% fine of that would be 21,2 billion dollars. Yeah I think they’d rather comply