The European Parliament has passed the Digital Markets Act, which places strict rules on giant companies such as Google, Amazon, Facebook, and Apple, with the aim of limiting the power of these companies.
The Spanish newspaper, "La Bangordia," said that this law obliges messaging apps or private social media platforms to prevent users from feeling compelled to use the apps.
The law has been approved by the European Parliament, which also ensures that its growth does not prevent other competitors from competing with those companies.
The Digital Markets Law or the Digital Market Law aims to address “the negative consequences arising from the behavior of certain platforms that act as “gatekeepers” in the single market.”
The law will impose fines of up to 20% of the annual global sales of companies that violate the law.
The European Commission considers that these companies "have the potential to act as private rule makers and act as choke points between businesses and consumers."
The Spanish newspaper pointed out that the law will only apply to the platform service providers that are most vulnerable to unfair practices, such as search engines, social networks, or online brokerage services.
It will prevent a series of clearly unfair practices, such as preventing users from uninstalling pre-installed computer programs or applications.
European regulators also want the passed law to be applied to browsers, virtual assistants, and smart TVs.
These services and products are in addition to the other services mentioned above, such as social networks, mediation services, search engines, operating systems, or video sharing services.
The European Parliament will start negotiations with EU member states and the Commission at the beginning of 2022.
The European Parliament’s chief negotiator, Andreas Schwab, has defended the law, saying that the European Commission has only limited resources to monitor the law on digital markets.
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