E.U. Takes Aim at Big Tech’s Power With Landmark Digital Act; The New York Times, March 24, 2022

Adam Satariano, The New York Times ; E.U. Takes Aim at Big Tech’s Power With Landmark Digital Act

The European Union was expected to finalize the Digital Markets Act, the most sweeping legislation to regulate tech since a European privacy law was passed in 2018.

"Officials on Thursday were putting the finishing touches on the law, called the Digital Markets Act, which would be the most sweeping piece of digital policy since the bloc put the world’s toughest rules to protect people’s online data into effect in 2018. The legislation is aimed at stopping the largest tech platforms from using their interlocking services and considerable resources to box in users and squash emerging rivals, creating room for new entrants and fostering more competition.

What that means practically is that companies like Google could no longer collect data from different services to offer targeted ads without users’ consent and that Apple might have to allow alternatives to its App Store on iPhones and iPads. Violators of the law, which would most likely take effect early next year, could face significant fines.

The Digital Markets Act is part of a one-two punch by European regulators. As early as next month, the European Union is expected to reach an agreement on a law that would force social media companies such as Meta, the owner of Facebook and Instagram, to police their platforms more aggressively."