AIRLINK 73.15 Increased By ▲ 0.35 (0.48%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.39 Increased By ▲ 0.06 (1.39%)
DFML 29.98 Decreased By ▼ -0.54 (-1.77%)
DGKC 89.91 Increased By ▲ 3.96 (4.61%)
FCCL 22.90 Increased By ▲ 0.55 (2.46%)
FFBL 33.75 Increased By ▲ 0.53 (1.6%)
FFL 9.90 Increased By ▲ 0.12 (1.23%)
GGL 10.39 Decreased By ▼ -0.01 (-0.1%)
HBL 112.90 Decreased By ▼ -0.72 (-0.63%)
HUBC 136.49 Increased By ▲ 0.29 (0.21%)
HUMNL 9.75 Decreased By ▼ -0.28 (-2.79%)
KEL 4.73 Increased By ▲ 0.07 (1.5%)
KOSM 4.73 Increased By ▲ 0.33 (7.5%)
MLCF 39.74 Increased By ▲ 1.39 (3.62%)
OGDC 134.48 Increased By ▲ 1.08 (0.81%)
PAEL 28.78 Increased By ▲ 1.38 (5.04%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.80 Increased By ▲ 1.59 (1.31%)
PRL 27.38 Increased By ▲ 0.23 (0.85%)
PTC 14.60 Increased By ▲ 0.71 (5.11%)
SEARL 60.70 Increased By ▲ 0.30 (0.5%)
SNGP 70.15 Increased By ▲ 1.62 (2.36%)
SSGC 10.45 Increased By ▲ 0.12 (1.16%)
TELE 8.84 Decreased By ▼ -0.21 (-2.32%)
TPLP 11.49 Increased By ▲ 0.23 (2.04%)
TRG 66.74 Increased By ▲ 1.04 (1.58%)
UNITY 25.25 No Change ▼ 0.00 (0%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,678 Increased By 44.5 (0.58%)
BR30 25,452 Increased By 280.6 (1.11%)
KSE100 73,077 Increased By 419.1 (0.58%)
KSE30 23,452 Increased By 69.3 (0.3%)

BRUSSELS: Alphabet’s Google, Amazon, Apple, Meta Platforms and Microsoft have notified the European Commission that they qualify as gatekeepers under new EU tech rules, EU industry chief Thierry Breton said on Tuesday.

Under the Digital Markets Act (DMA) which came into force last November, companies with more than 45 million monthly active users and a 75 billion euros market capitalisation are considered gatekeepers providing a core platform service.

Samsung and TikTok owner ByteDance also said they meet the EU thresholds, Breton said.

“Europe is completely reorganising its digital space to both better protect EU citizens and enhance innovation for EU startups and companies,” Breton said in a statement.

The Commission will confirm the gatekeeper designation by September 6 after checking the data provided by the companies. They will then have six months to comply with the DMA rules.

Booking.com said it expects to meet the gatekeeper threshold by the end of the year and will then notify the EU executive.

Companies labelled as gatekeepers will be required to make their messaging apps interoperate with rivals and let users to decide which apps to pre-install on their devices.

They will not be allowed to favour their own services over rivals’ or prevent users from removing pre-installed software or apps, two rules that will hit Google and Apple hard.

Companies can be fined up to 10% of annual global turnover for DMA violations.

Comments

Comments are closed.