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EU Names Tech Gatekeepers, Sets Stage for Fair Competition

EU has released a list of six monopoly tech giants, classifying them as gatekeepers under the Digital Markets Act.

Transcripts for BBCNEWS BBC News 20220325 04:21:00

finally, these big tech gatekeepers are going to have to play by some set of rules which they really haven t had to adhere to at all. they were very innovative in getting to where they got to but since then, since they have entrenched their dominance, they have exploited that monopoly power, but i think it is also huge globally because there is this misconception that it s impossible to take on big tech and when and in the us here where i am, lawmakers have been talking about reining in these monopoly abuses for years but we haven t seen this kind of progress and so this is really a landmark law and a game changer on the global stage. if it comes in, we need to add, don t we? just explain then because as you say these companies are innovative and they have a lot of power. who is going to police it and make sure that they don t find clever ways around this?

Transcripts for BBCNEWS BBC News 20220325 03:19:00

joins me now from charleston. i know that you think this is significant too because you have called it a transformational moment. just explain why is? transformational moment. just explain why is? explain why is? yeah, i think it is obviously explain why is? yeah, i think it is obviously significant - explain why is? yeah, i think it is obviously significant in i it is obviously significant in europe where, finally, these big tech gatekeepers are going to have to play by some set of rules which they really haven t had to adhere to at all. they were very innovative in getting to where they got to but since then, since they have entrenched their dominance, they have exploited that monopoly power, but i think it is also huge globally because there is this misconception that it s impossible to take on big tech and when and in the us here where i am, lawmakers have been talking about reining in these monopoly abuses for years but we haven t seen this kind of progress and so this is reall

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