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- The European Union named six tech giants as "gatekeepers" that have to comply with new laws.
- The Digital Markets Act aims to give more choice to users and open up the market for competitors.
- A TikTok spokesperson said the company "fundamentally disagrees" with the designation.
Alphabet, Amazon, Apple, TikTok parent ByteDance, Meta, and Microsoft have been designated as "gatekeepers" set to face new rules in the European Union, lawmakers announced Wednesday.