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Amazon, Microsoft, Meta and others accused by rivals of not respecting new EU competition rules (www.cnbc.com)

submitted 10 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

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[–] diffusive@lemmy.world 15 points 10 months ago (1 children)

Penalties for DMA is 10% of global turnover for first offense and 20% of global turnover for subsequent offenses and, eventually, further penalties like the prevention to acquire companies.

DMA is not a joke (and I <3 EU, DMA is a very balanced law aggressive on the big player and not impacting small players)

[–] madeinthebackseat@lemmy.world 2 points 10 months ago (1 children)

Let me know when the EU collects it. I have my doubts.

[–] diffusive@lemmy.world 3 points 10 months ago

EU always escalate slowly. Eventually it enforces though (e.g., USB-C, GDPR).

Given the companies are almost all US based and US historically have been very defensive of their businesses (not only in IT) this seems a pretty reasonable approach for avoiding diplomacy escalations.

IMO DMA will be fully enforced in 3-4 years (and collecting some Billions here and there in the process). First in line for the few initial billions: Meta and Microsoft. We’ll see what comes next