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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 sectors they dominate are search engines, app stores, online marketplaces, advertising platforms, social networks, operating systems, video sharing and cloud services. With this legislation, the E.U. is being more forceful than the U.S. See European regulations.