> STOCKSHOTS: World's biggest digital giants / 33U84VR
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STOCKSHOTS: World's biggest digital giants / 33U84VR
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Description
STOCKSHOTS of major online platforms such as Facebook, Instagram, and Amazon, as the European Union unveils the list of digital giants -- including Apple, Facebook owner Meta and TikTok parent ByteDance -- that will face tough new curbs on how they do business.
The latest announcement is a milestone in the application of the Digital Markets Act (DMA), which will force the largest firms to change their ways under a checklist of dos and don'ts and, regulators hope, create a fairer market.
The DMA, alongside its sister law, the Digital Services Act (DSA), gives the commission sharper teeth against tech behemoths that critics say have for too long been given free rein to act to the detriment of users. STOCKSHOTS