In the spring of 2023, the EU could begin imposing laws to oversee Big Tech

In the spring of 2023, the EU could begin imposing laws to oversee Big Tech

The DMA, which still needs final approval from the Council and Parliament, defines gatekeepers as enterprises with a market value of more than €75 billion ($82 billion) and at least 45 million monthly users on a social network or app. If found in violation of the DMA’s standards, these entities face fines of “up to 10% of their total worldwide turnover in the prior fiscal year,” with the cost increasing to 20% in the case of a second infraction.