Welcome to the Tech Meam Ride Home for Friday, March 25th, 2022.

I'm Brian McCullough.

Today, will the new EU Digital Markets Act mean that all messaging could soon become as interoperable as

email, some serious smoke around the whole grand unifying Apple subscription fire, why

Instacart is voluntarily lowering its valuation and of course the weekend long read

suggestions.

Here's what you miss today in the world of tech. European Union lawmakers have provisionally agreed on that big

Digital Markets Act which is designed to curb big tech in Europe by doing things like limiting the bundling of services

prohibiting self-preferencing and a lot of things. Quoting political.

In an agreement brokered Thursday evening negotiators from the European Parliament and the Council

reached a political agreement on the Digital Markets Act which establishes a series of

prohibitions and obligations for companies including Google, Meta, Apple, and Amazon,

and a number of smaller platforms.

It is also likely to include accommodation platform booking

and Chinese e-commerce giant Alibaba.

That's because included in the rules scope will be platforms with a

market capitalization of 75 billion euro or turnover in the European economic area

equal to or above seven and.5 billion euro a year.

The new rules for so-called gatekeeper platforms derived from years of antitrust enforcement

in the digital economy include restrictions on combining personal data from

different sources, mandates to allow users to install apps from third-party

platforms, prohibitions on bundling services, and a prohibition on self-preferencing practices.

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