The European Union is on a mission to curb the power of big tech. In recent years, the bloc has doled out vast antitrust fines to Silicon Valley giants, set global standards for data privacy, and proposed a raft of digital regulations. Yet critics say the rules have been ineffective. Analysts claim the legislation has failed to protect competition, while giving companies routes to avoid enforcement. In 2023, the bloc has grand ambitions to change that. A key component of the plans is the new Digital Markets Act (DMA). The landmark legislation prohibits platforms from ranking their own products more…
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