A new open letter alleges Big Tech "gatekeepers" like Google, Microsoft, and Apple haven't done enough to comply with the EU's strict Digital Markets Act.
Penalties for DMA is 10% of global turnover for first offense and 20% of global turnover for subsequent offenses and, eventually, further penalties like the prevention to acquire companies.
DMA is not a joke (and I <3 EU, DMA is a very balanced law aggressive on the big player and not impacting small players)
EU always escalate slowly. Eventually it enforces though (e.g., USB-C, GDPR).
Given the companies are almost all US based and US historically have been very defensive of their businesses (not only in IT) this seems a pretty reasonable approach for avoiding diplomacy escalations.
IMO DMA will be fully enforced in 3-4 years (and collecting some Billions here and there in the process).
First in line for the few initial billions: Meta and Microsoft. We’ll see what comes next
When you’re never held accountable, this is what you would expect, correct?
When they are penalized, the punishment only reinforces that the crime was a good decision.
Penalties for DMA is 10% of global turnover for first offense and 20% of global turnover for subsequent offenses and, eventually, further penalties like the prevention to acquire companies.
DMA is not a joke (and I <3 EU, DMA is a very balanced law aggressive on the big player and not impacting small players)
Let me know when the EU collects it. I have my doubts.
EU always escalate slowly. Eventually it enforces though (e.g., USB-C, GDPR).
Given the companies are almost all US based and US historically have been very defensive of their businesses (not only in IT) this seems a pretty reasonable approach for avoiding diplomacy escalations.
IMO DMA will be fully enforced in 3-4 years (and collecting some Billions here and there in the process). First in line for the few initial billions: Meta and Microsoft. We’ll see what comes next