Dirk Auer on the EU’s Digital Markets Act
Townhall – ICLE Senior Fellow Dirk Auer was quoted by Townhall in a story about the likely negative consequences of the European Union’s proposed Digital Markets Act. The full story is available here.
One of the major flaws within the Digital Markets Act is it directly targets U.S. platforms, not European firms of comparable sizes. As Dirk Auer from the International Center for Law and Economics notes, the revenue thresholds outlined by the European Union seem to be structured in a way that would “purposefully exclude European platforms, notably Spotify,” who do not meet the revenue thresholds. By passing the Digital Markets Act into law, the European Union would effectively create two regulatory environments – one for European tech companies and another, more punitive, environment for American tech companies.