Marching Forward: The Digital Markets Act And Its Impact On Online Competition

In the rapidly evolving landscape of the digital marketplace, a new regulatory framework known as the Digital Markets Act (“DMA”) is being enforced in order to address concerns surrounding competition and fairness. With tech giants such as Google, Meta and Amazon wielding considerable influence and control, the DMA aims to redefine the dynamics of online competition. The DMA promises to limit the current anti-competitive behaviours exhibited by these companies that are now being referred to as ‘Gatekeepers'.

The DMA sets out stringent criteria of being a gatekeeper as follows:

• either have had an annual turnover within the European Union of at least €7.5, billion in the past three years or have a market valuation of at least €75 billion;