Big Tech companies will be regulated like banks as the EU adopts landmark digital law, the Digital Markets Act, says EU competition chief Margrethe Vestager. — REUTERS
Big Tech companies will be regulated like banks, a top EU official said on Friday, as a new landmark digital law was hailed as Europe's long overdue counterweight to Google, Meta and Amazon.
"For companies that play a role as gatekeepers, the Digital Markets Act (DMA) will (now) set the rules of the game," the EU's competition chief Margrethe Vestager told reporters hours after the law was approved.
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