European Union. Digital giants: The European Parliament votes for new rules

It's the culmination long-running negotiations that ended in March with an agreement among the Member States of European Union, the Commission, and the European Parliament.

European Union. Digital giants: The European Parliament votes for new rules

It's the culmination long-running negotiations that ended in March with an agreement among the Member States of European Union, the Commission, and the European Parliament.

MEPs approved Tuesday's new EU legislation unanimously to stop the abuse of power by digital giants.

Two texts make up the new legislation. The first is a regulation for digital markets (DMA), which will stop anti-competitive practices by Gafam - Google (Facebook), Apple, Meta (Facebook), Amazom, and Microsoft. A Digital Services Regulation (DSA), to combat illegal content online, is on the other.

This adoption was welcomed by the European Commissioner for Internal Market, Thierry Breton (Frenchman).

"GAFAM will need to change its economic model due to European regulations," he assured his counterpart in Competition the Dane Margrethe Vestager.

Margrethe Vestager and Thierry Breton presented this plan in December 2020 to improve supervision of the tech giants. The DMA is the first component. It regulates digital markets and includes anti-competitive practices. The DSA is an update to the e-commerce directive that was created 20 years ago, when major platforms like Amazon and Facebook (Meta group), were still in their infancy. The DSA's purpose is to eliminate lawless areas and internet abuse.

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