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ARTICLE · 01 AUGUST 2022

The Digital Markets Act—A New Era For "Big Tech"?

Debevoise & Plimpton
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The European Union (EU) reached a major milestone in July as part of its ongoing effort to transform the regulation of digital services in the bloc. The EU Digital Markets Act (DMA)...

United StatesAntitrust/Competition Law
Timothy McIver
Timothy McIver
Robert Maddox
Robert Maddox
Sergej Bräuer
Sergej Bräuer
Anne-Mette Heemsoth
Anne-Mette Heemsoth
Megan MacDonald
Megan MacDonald

Key takeaways:

  • The Digital Markets Act (the "DMA")—which designates and will regulate the largest online players as "gatekeepers"—passed the final hurdle in the EU legislative process this July.
  • Companies meeting certain quantitative thresholds that enjoy an "entrenched and durable position" in a core platform service will be subject to far-reaching new obligations.
  • The list of core platform services includes online intermediation services, social networks and operating systems, with gatekeepers subject to rules aimed at increasing transparency and competition in these markets.
  • The DMA is set to take effect in early 2023 and will have a dedicated enforcement team at DG Connect within the European Commission.

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