**EU’s Digital Markets Act: A Watershed Moment for Big Tech**.
On November 1, 2023, the European Union (EU) ushered in a seismic shift in the regulatory landscape for Big Tech companies with the full implementation of the Digital Markets Act (DMA). This comprehensive legislation represents a bold move by the EU to rein in the sprawling power of digital giants and foster a more competitive and equitable digital market..
**Key Provisions of the DMA**.
The DMA introduces a sweeping set of rules aimed at dismantling the dominance of a handful of Big Tech companies, which have long been accused of abusing their market power and stifling innovation. Key provisions of the legislation include:.
* **Gatekeeper Designation:** The DMA designates companies that meet certain size and market power thresholds as .
