Updated March 2nd, 2024 at 20:09 IST
The European Commission has 45 working days to decide whether to officially designate these companies as gatekeepers.
X, ByteDance, Booking.com likely to face tough EU rules
| Image:X Photo
The European Commission has announced that Elon Musk’s X, formerly Twitter, along with TikTok owner ByteDance and Booking.com, may meet the criteria set forth by the Digital Markets Act (DMA) to be considered as “gatekeepers” in the European Union. These criteria include having more than 45 million monthly active users and a market capitalization exceeding 75 billion euros ($81 billion).
If designated as gatekeepers, these companies would be subject to stringent regulations aimed at ensuring fair competition in the digital market. Some of the obligations imposed on gatekeepers include making their messaging apps interoperable with rivals, allowing users to choose which apps to pre-install on their devices, and refraining from favoring…
