Definition: Digital Markets Act
A law proposed in March 2022 by the European Union that stops big tech companies from using their power to keep users on their platforms and preventing competition from new rivals. For example, if enacted, Google may no longer be able to display targeted ads without users' consent, and Apple may no longer prevent apps from operating that did not come from its online store. With this act, the E.U. is being more forceful than the U.S.