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DTSTAMP:20260901T112007Z
DTSTART:20240304T130002Z
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SUMMARY:Germany's new policy towards large technology companies
DESCRIPTION:Germany's new policy towards large technology companies		\n		G
 ermany is asking tech giants Alphabet\, Amazon\, Apple\, ByteDance\, Meta
 \, and Microsoft to contribute to the costs of complying with the new EU 
 rules\, aiming to "limit their power\," according to Reuters.\nAccording 
 to Reuters\, Sven Giegold\, state secretary in charge of competition poli
 cy at Germany's economy ministry\, said tech giants’ contribution would
  help EU antitrust regulators better enforce the Digital Markets Act (DMA
 ) which the six companies have to comply with on March 7.\nThe landmark r
 ules set out a list of requirements for the six companies\, such as allow
 ing rival services to inter-operate with their services\, as well as lett
 ing business users promote their offer and conclude contracts with their 
 customers outside their platforms.\n										\n																					Sven
  Giegold\, state secretary in charge of competition policy at Germany's e
 conomy ministry\n										\n		The six companies are prohibited from unfa
 irly ranking their own services and products above their rivals on their 
 platforms or preventing users from un-installing any pre-installed softwa
 re or app on their devices.&nbsp\;Also under the law\, 20 very large onli
 ne platforms\, including Meta\, Google\, Apple\, TikTok\, as well as two 
 very large online search engines\, will have to pay a regulatory fee: 0.0
 5 percent of their annual net revenue worldwide\, according to Giegold.
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