News on Medial

Europe's Digital Markets Act is forcing tech giants to make changes. Here's what that will look like

Economic Times · 8m

The Digital Markets Act (DMA), a set of European Union regulations, will introduce changes to default browsers and search engines, app downloading options, and personal data usage. It applies to six tech companies deemed as gatekeepers: Amazon, Apple, Google's parent company Alphabet, Meta, Microsoft, and ByteDance (owner of TikTok). The DMA aims to make digital markets fairer and more contestable. Europe's actions in regulating big tech are inspiring other countries like Japan, Britain, Mexico, South Korea, Australia, Brazil, and India to develop similar rules. The DMA will play a significant role in shaping future digital regulation globally. Apple's decision to allow European iPhone users to download apps from outside the App Store is a major change, although it will introduce a fee for apps installed through third-party stores. The DMA provides consumers with more options by allowing them to choose their default search engine and browser. Search results will also be affected, with the DMA prohibiting companies from favoring their own services. The DMA also includes provisions for privacy and cross-platform messaging compatibility.