The EU’s stringent rules and regulations have left Facebook’s parent firm Meta with no choice but to appeal.
The company mentioned how the rules launched in September of this year in Brussels have left out its Messenger and a long list of leading products in the market. The idea related to this is to create an impactful legislative system that ensures the right kind of regulation is in place for leading firms to function correctly.
For years, the EU has argued in favor of stricter rules to help ensure customers in this part of the world remain protected online while also making sure there’s healthy competition in the industry that most feel is dominated by big names who originate from the US.
During the early part of September, there was a list featuring around 22 different countries, and that entailed TikTok’s parent company, iPhone maker Apple, and also tech giant Meta.
These were called out for their actions and also for a list of clauses to apply to them under the Digital Markets Act. Moreover, such laws are designed to make the biggest companies alter their mannerism through a long list of rules on what they should and should not do. Therefore, all regulators hope it would assist in generating the fairest market of them all.
Keeping all of that in mind, Meta mentioned how it would now appeal this inclusion into the stringent legislation that has arisen in the hopes of making the market fairer than what it is today.
Speaking through a post, the company’s spokesperson revealed how a lot of clarification is needed regarding Meta’s operations that lie within the Digital Markets Act. They similarly made it so clear how their decision is in no way, shape, or form, designed to detract from its strong commitment of following the EU’s DMA. Moreover, they hope to work positively so they’re more compliant.
For now, the EC is yet to comment on this move immediately after being questioned by the AFP today.
A few months back in September, we saw the Commission, which is the main antitrust body functioning in this region, delineate a list featuring 22 different services from top platforms. They had been called out as the leading gatekeepers of the industry that were based in the US.
Their names entailed Alphabet, Amazon, Microsoft, ByteDance, Apple, and even Meta. All such companies were told they needed to comply with the DMA by the middle of next year.
Coming to the status of being designated as a gatekeeper, it was said to apply to a service that features a staggering 45 million users who are functional each month, and there are close to 10,000 business users who have a yearly functional status attached to their name across the European Union.
One of the biggest aims of the Digital Market Act seems to be related to preventing top players of the industry from overtaking or overruling the industry where so many small-scale companies are trying to create a name for themselves without being overshadowed by others out there today.
The European Union is trying to lead the way in the world of tech and ensure fair and accurate functioning remains. And for that, the DMA is being called out to help ensure all companies remain on the tip of their toes at all times.
Hence, whether Meta and others like it or not, it’s here to stay and soon going to be functional.
Read next: Microsoft Bing advances in search with AI-powered summaries
The company mentioned how the rules launched in September of this year in Brussels have left out its Messenger and a long list of leading products in the market. The idea related to this is to create an impactful legislative system that ensures the right kind of regulation is in place for leading firms to function correctly.
For years, the EU has argued in favor of stricter rules to help ensure customers in this part of the world remain protected online while also making sure there’s healthy competition in the industry that most feel is dominated by big names who originate from the US.
During the early part of September, there was a list featuring around 22 different countries, and that entailed TikTok’s parent company, iPhone maker Apple, and also tech giant Meta.
These were called out for their actions and also for a list of clauses to apply to them under the Digital Markets Act. Moreover, such laws are designed to make the biggest companies alter their mannerism through a long list of rules on what they should and should not do. Therefore, all regulators hope it would assist in generating the fairest market of them all.
Keeping all of that in mind, Meta mentioned how it would now appeal this inclusion into the stringent legislation that has arisen in the hopes of making the market fairer than what it is today.
Speaking through a post, the company’s spokesperson revealed how a lot of clarification is needed regarding Meta’s operations that lie within the Digital Markets Act. They similarly made it so clear how their decision is in no way, shape, or form, designed to detract from its strong commitment of following the EU’s DMA. Moreover, they hope to work positively so they’re more compliant.
For now, the EC is yet to comment on this move immediately after being questioned by the AFP today.
A few months back in September, we saw the Commission, which is the main antitrust body functioning in this region, delineate a list featuring 22 different services from top platforms. They had been called out as the leading gatekeepers of the industry that were based in the US.
Their names entailed Alphabet, Amazon, Microsoft, ByteDance, Apple, and even Meta. All such companies were told they needed to comply with the DMA by the middle of next year.
Coming to the status of being designated as a gatekeeper, it was said to apply to a service that features a staggering 45 million users who are functional each month, and there are close to 10,000 business users who have a yearly functional status attached to their name across the European Union.
One of the biggest aims of the Digital Market Act seems to be related to preventing top players of the industry from overtaking or overruling the industry where so many small-scale companies are trying to create a name for themselves without being overshadowed by others out there today.
The European Union is trying to lead the way in the world of tech and ensure fair and accurate functioning remains. And for that, the DMA is being called out to help ensure all companies remain on the tip of their toes at all times.
Hence, whether Meta and others like it or not, it’s here to stay and soon going to be functional.
Read next: Microsoft Bing advances in search with AI-powered summaries
