[ad_1] Seven tech giants have informed the European Union that its rebooted antitrust regime — the Digital Markets Act (DMA) — will apply to them. The initial seven, the majority of whom are US-based giants, are: Alphabet (Google), Amazon, Apple, ByteDance (TikTok), Meta (Facebook), Microsoft and Samsung. The DMA takes an ex ante approach to antitrust enforcement on major platforms that act as intermediaries between other digital businesses and consumers. It does this by laying…
"‘GAFAM’ tech giants, ByteDance and Samsung expect to face EU’s rebooted antitrust regime"Tag: giants
[ad_1] One way to eliminate the competition in business is simply to buy them out and shut them down. And that means less choice for consumers and sometimes the loss of innovative and, in the case of the pharmaceutical industry, even life-saving products. But such so-called killer acquisitions are likely to face greater scrutiny in the US and EU following a recent expansion of competition regulators’ powers. A July 2022 decision by the European Court…
"New plans to stop tech giants from buying smaller rivals threaten future innovations"