India's "Digital Competition Bill" proposes an EU-like antitrust law targeting tech giants like Apple, Google, and Meta.
India's proposed EU-like antitrust law, the "Digital Competition Bill," will pose a new challenge for tech giants like Apple, Google, and Meta, as it could affect their business models. The law applies to "systemically significant digital" companies with domestic turnover over $480M, global turnover over $30B, and a local user base of 10M or more. A US lobby group has opposed the bill, fearing its impact on US businesses.
June 11, 2024
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