The Digital Markets Act

Markets, where there are powerful monopolies capable of pushing out the competition and generally setting their own rules, are long known to hamper innovation and restrict consumer freedom. That's why there are strict regulations in place in the banking, energy, and telecommunications sectors.So why do the big players in the digital space seen to have free reign?Today on the Digital Distillery we are looking at something called The Digital Markets act which has just been passed in Europe, and aims to finally curb the gatekeepers of the digital space.This episode was inspired by the original blog posts from  Jean-Philippe Caste  which you can find here for further reading (adapted from the original French):Other articles references you can check out here:https://www.statista.com/topics/4213/google-apple-facebook-amazon-and-microsoft-gafam/#dossierKeyfigureshttps://www.pentalog.com/blog/strategy/gdpr-facebook-affair/https://politheor.net/how-gafa-can-bully-banks/This episode is brought to you as always by The Digital Distillery.If you would like to get in touch with us you can head to our website or email [email protected] can follow us on:Facebook, Twitter, Instagram & LinkedInWritten, Produced & Engineered by Phil McDowellExecutive Producer: Nadia KoskiProject Lead: Dennis Kirschner