EU says Booking must now comply with Digital Markets Act
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The European Commission has mandated that Booking.com comply with the Digital Markets Act (DMA) after its designation as a "gatekeeper". The DMA imposes strict regulations on tech giants to ensure fair competition and consumer choice. Companies with over 45 million monthly users and a market cap of 75 billion euros are classified as gatekeepers. Non-compliance can result in fines up to 10% of global turnover, increasing to 20% for repeated violations, and restrictions on acquisitions.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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