Which companies will be regulated by the Digital Markets Law? The organizations that will be regulated by this law correspond to those that offer some "basic platform service" , that have a capitalization of -at least- 75,000 million euros and that enjoy 45,000 (or more) million monthly active users . Those companies that meet these criteria will be responsible for notifying the European Commission. In general, it seeks to curb the power of big tech and open the way for smaller competitors , promoting a more egalitarian market. However, if these companies do not comply with the regulatory criteria, they risk fines ranging from 10% to 20% of their total annual revenue.
Cybersecurity in Chile, how do I protect my company? What does the law regulate and who does it impact? The obligations and prohibitions imposed by Taiwan phone number list the Digital Markets Law cover matters of freedom , competitiveness , operation , privacy , among others . Small businesses or new competitors 1. The smallest companies in the sector will be able to access data that giants like Google or Amazon collect in their operations. Large companies or gatekeepers Among the limitations for the powers of the market we find the following: 1. These companies will not be able to prioritize their digital products over those offered by smaller competitors.
Regarding interoperability, big tech messaging services should open up and allow interaction with smaller companies that provide the same service. For example, messaging services like WhatsApp. 3. The law limits and regulates the purchase of smaller companies , preventing this from interfering with fair competition. Consumers For consumers, this law brings important benefits in terms of protection of their privacy and rights to free choice.