The European Union has laid out its plans for the Digital Markets Act (DMA), which will mainly target messaging apps to offer a better choice for users, and could have big repercussions for tech giants like Apple and Google. According to the European Union (opens in new tab), its regulators agreed on new rules to the act, such as targeting companies that have over 45 million users, and have a market cap value of $82 billion / £62 billion / AU$ 109 billion. If these companies were to break a rule in the DMA, they could be fined up to 10% of their total worldwide turnover at that time, alongside an additional 20% if further rules are repeatedly broken.
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