3 ms·
>they will also harm the small players trying to get into the market because of the huge compliance risk. You will be pleased to hear that the legislation has
by Gareth321 4y ago
>they will also harm the small players trying to get into the market because of the huge compliance risk.
You will be pleased to hear that the legislation has a floor defined for "Gatekeepers" as only those with a fair market valuation over €75 billion.
- exabrial 4y agoDidn’t notice that. Thanks for pointing that out. I can’t recall a recent piece of regulation that had that provision so this will be interesting to see if it works in reality.
- Gareth321 4y agoIt is arguably unprecedented, so I am also very interested to see how this plays out.
- arlcode 4y agoYou will be extra pleased to learn that the DMA (this law) or it's cousin the DSA also has rules to restrict the formation of monopoly by limiting the ability of gatekeepers to buy out all competition even before the market dominance is established. (As a side effect it'll probably result in fewer companies with unsustainable business models which are only funded to be bought out) I'm looking forward to it and hope it'll work out.
- joshsyn 4y agoGood to hear. Still too much complexity around laws and regulations, its easier to live in a cave.