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{"id":36516,"date":"2023-07-04T21:44:24","date_gmt":"2023-07-04T21:44:24","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/07\/04\/gafam-tech-giants-bytedance-and-samsung-expect-to-face-eus-rebooted-antitrust-regime\/"},"modified":"2023-07-04T21:44:25","modified_gmt":"2023-07-04T21:44:25","slug":"gafam-tech-giants-bytedance-and-samsung-expect-to-face-eus-rebooted-antitrust-regime","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/07\/04\/gafam-tech-giants-bytedance-and-samsung-expect-to-face-eus-rebooted-antitrust-regime\/","title":{"rendered":"\u2018GAFAM\u2019 tech giants, ByteDance and Samsung expect to face EU\u2019s rebooted antitrust regime"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/07\/04\/dma-seven\/<\/a><\/br>
\n\u2018GAFAM\u2019 tech giants, ByteDance and Samsung expect to face EU\u2019s rebooted antitrust regime<\/br>
\n2023-07-04 21:44:24<\/br><\/p>\n

\n

Seven tech giants have informed the European Union that its rebooted antitrust regime \u2014 the Digital Markets Act<\/a> (DMA) \u2014 will apply to them.<\/p>\n

The initial seven, the majority of whom are US-based giants, are: Alphabet (Google), Amazon, Apple, ByteDance (TikTok), Meta (Facebook), Microsoft and Samsung.<\/p>\n

The DMA takes an ex ante<\/em> approach to antitrust enforcement on major platforms that act as intermediaries between other digital businesses and consumers. It does this by laying out an up-front set of obligations and prohibitions which designated gatekeepers must abide by \u2014 with the threat of very large penalties (of up to 10% of global annual turnover) for non-compliance.<\/p>\n

Examples of DMA \u2018dos and don\u2019ts\u2019 that apply to gatekeepers include a ban on self preferencing and limits on how tech giants can use third party data, as well as a requirement to provide third parties with data their apps generate. App store gatekeepers also won\u2019t be able to block sideloading nor require developers to use their own services (such as payment systems).<\/p>\n

Tracking users for ads without their consent is also banned under the regime, among other stipulates.<\/p>\n

In general, the EU hopes the DMA will level the competitive playing field online by proactively stamping on unfair\/exploitative behaviors that tech giants have been indulging in for years by throwing their market muscle around.<\/p>\n

The official designation of gatekeepers will be announced later this summer by the Commission \u2014 which has until September 6 to do so. This means more names could still technically be added to the list. Although the DMA is intended to target only the most powerful platforms so the list is unlikely to grow much.<\/p>\n

Once confirmed falling under the regime, gatekeepers must ensure they are in compliance with the DMA six months after the official designations are announced \u2014 which means by spring 2024. Enforcements by the Commission on any rule breakers could then follow next year.<\/p>\n

\n
\n

7 companies have notified the \ud83c\uddea\ud83c\uddfa Commission that they meet the #Gatekeepers<\/a> thresholds under the Digital Markets Act (#DMA<\/a>): <\/p>\n

Alphabet
Amazon
Apple
ByteDance
Meta
Microsoft
Samsung<\/p>\n

\ud83d\udd1c Following our review process, official designation will be announced no later than 6 September pic.twitter.com\/1qr5Scly0S<\/a><\/p>\n

\u2014 Thierry Breton (@ThierryBreton) July 4, 2023<\/a><\/p>\n<\/blockquote>\n<\/div>\n

While the DMA list currently contains no European tech giants, homegrown travel booking behemoth, Booking.com, may end up making the cut later this year.<\/p>\n

The platform told us it has not yet self notified as a gatekeeper, owing to the impact of COVID-19 on its business which it said meant it does not meet the DMA\u2019s quantitative thresholds for the time period associated with the July 2023 submission deadline. It added that it is\u00a0continuing discussions with the Commission on the applicability of the regulation to its business.<\/p>\n

\u201cWe have communicated this to the European Commission,\u201d a Booking spokeswoman said. \u201cHowever, we expect that these thresholds will likely be met at the end of this year, in which case we would expect to notify the European Commission of that fact within the required deadlines.\u201d<\/p>\n

The DMA\u2019s sister regulation, the Digital Services Act, applies more broadly than the DMA, as its name implies \u2014 with a full 19 platforms announced by the Commission back in April<\/a> as falling under the strictest provisions of that regulation which aim to drive algorithmic accountability atop so-called very large online platforms (VLOPs) and search engines (VLOSEs).<\/p>\n

Almost all self-notifying DMA gatekeepers have already been designated as VLOPs\/VLOSEs under the DSA (Samsung is the only exception) \u2014 meaning the five \u2018GAFAM\u2019 US giants plus China\u2019s ByteDance are set to face the strictest compliance requirements under the EU\u2019s rebooted digital rulebook.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:
https:\/\/techcrunch.com\/2023\/07\/04\/dma-seven\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/07\/04\/dma-seven\/ \u2018GAFAM\u2019 tech giants, ByteDance and Samsung expect to face EU\u2019s rebooted antitrust regime 2023-07-04 21:44:24 Seven tech giants have informed the European Union that its rebooted antitrust regime \u2014 the Digital Markets Act (DMA) \u2014 will apply to them. The initial seven, the majority of whom are US-based giants, are: Alphabet (Google), Amazon, Apple, […]<\/p>\n","protected":false},"author":1,"featured_media":36517,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-36516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n\u2018GAFAM\u2019 tech giants, ByteDance and Samsung expect to face EU\u2019s rebooted antitrust regime - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/07\/04\/gafam-tech-giants-bytedance-and-samsung-expect-to-face-eus-rebooted-antitrust-regime\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018GAFAM\u2019 tech giants, ByteDance and Samsung expect to face EU\u2019s rebooted antitrust regime - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/07\/04\/dma-seven\/ \u2018GAFAM\u2019 tech giants, ByteDance and Samsung expect to face EU\u2019s rebooted antitrust regime 2023-07-04 21:44:24 Seven tech giants have informed the European Union that its rebooted antitrust regime \u2014 the Digital Markets Act (DMA) \u2014 will apply to them. 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