By PYMNTS
Since December 2020, when the European Commission revealed its proposal for a Digital Markets Act (DMA), Big Tech companies knew that this legislation could significantly affect the way they operate their platforms.
Despite intense lobbying efforts to water down the legislation, the proposed bill remains essentially the same, and the few changes added during the negotiations among the European institutions didn’t alter its scope.
This week, according to the Financial Times, the European Union could unveil its final text. One last-minute amendment to the law may increase the threshold for a company to be considered “gatekeeper” to 75-billion-euro market capitalization, which would still include Alphabet, Meta, Amazon, Apple, Microsoft, Alibaba and Booking.com just to name a few.
