**EU Brings Down the Hammer on Big Tech as Tough Rules Kick In**.
The European Union (EU) has taken a major step towards reining in the power of Big Tech companies with the implementation of tough new regulations known as the Digital Markets Act (DMA). These rules, which came into effect on November 1, 2023, are designed to promote fair competition and protect consumers in the digital marketplace..
**Key Provisions of the Digital Markets Act**.
The DMA introduces a range of measures to address concerns about the dominance of large tech companies, including:.
* **Gatekeeper Designation:** Companies with a significant market presence and a track record of anti-competitive behavior may be designated as .
