EU Regulators Draft New Rules to Rein in Big Tech

EU Regulators Draft New Rules to Rein in Big Tech
A smart phone screen displays the logo of Facebook with a Facebook website background in Arlington, Va., on April 7, 2021. Olivier Douliery/AFP via Getty Images
Nicholas Dolinger
Updated:

Officials of the European Union reached an agreement on Friday for the wording of the Digital Markets Act, a new proposal that would crack down on Big Tech and limit the powers of these companies in the region.

France, which holds the rotating presidency of the European Commission, announced via a tweet on Friday that a deal had been reached on the Digital Markets Act (DMA), a landmark package addressing technology companies operating in the EU.