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
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