Big Tech Firms Come Under Scope of New EU Antitrust Rules

Bloomberg2023-07-04

Firms deemed ‘gatekeeper platforms’ includes Meta and SamsungNew digital antitrust obligations will kick in from March 2024A clutch of big tech firms including Amazon.com Inc. and Apple Inc. have told...

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Samsung Electronics Co. and TikTok owner Bytedance Ltd. also appear, EU industry commissioner Thierry Breton said in a tweet on Tuesday.The seven platforms had notified the EU they meet thresholds to be designated as a so-called gatekeeper, which includes having a sales across the bloc of at least €7.5 billion ($8.2 billion) or a market capitalization of €75 billion or more. Once designated as gatekeeper platform, the commission must confirm the specific service each company provides, and whether that service should come under the scope of the rules. To qualify, such core platform services will need to have more than 45 million monthly active end-users and more than 10,000 yearly active business users in the bloc. Under the obligations, which become enforceable from March 2024, platforms will face a range of dos and don’ts. 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