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Definition: Digital Markets Act

European regulations for tech companies. Enacted in 2022, the Digital Markets Act was created to provide fair competition between large and small players in the digital world. The targeted organizations are Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft. Known as "digital gatekeepers," the secors they dominate are search engines, app stores, online marketplaces, advertising platforms, social networks, operating systems, video sharing sites and cloud services. With this act, the E.U. is being more forceful than the U.S. See European regulations.