Skip to content

Big Tech Faces Crackdown as EU Negotiators Back Tough Law

  • Digital Markets Act likely to take effect early 2023
  • Rules target ‘gatekeeper’ companies such as Meta, Alphabet
Facebook Bans Political Ads After End Of Voting On Election Day
Photographer: Gabby Jones/Bloomberg
Updated on

Tech giants face sweeping changes to how they operate in the European Union after the bloc hammered out a deal on a new law that paves the way for multibillion euro fines and acquisition bans for the worst transgressors.

The new Digital Markets Act, agreed on by negotiators in Brussels late Thursday, targets so-called gatekeeper companies -- platforms like Facebook and Google -- with the power to control distribution in their markets.