Booking latest to fall under EU market power rules

Date:

Booking.com has been designated a gatekeeper under the bloc’s Digital Markets Act (DMA), meaning the online travel agency will face regulation under the bloc’s market fairness and contestability framework — with the risk of major fines (of up to 10% or even 20%) for non-compliance.

The travel platform has been given six months to comply with the bulk of the DMA’s requirements, including up-front rules for designated platforms such as FRAND T&Cs for business users and a ban on self preferencing. Some rules are immediately applicable, though — such as a requirement to inform the EU of planned acquisitions.

The Commission said it expects the designation to boost choice for holidaymakers. Commenting in a statement, EVP and competition chief, Margrethe Vestager, suggested: “Holidaymakers will start benefiting from more choice and hotels will have more business opportunities.”

Booking is the seventh gatekeeper to become subject to the regime, joining Alphabet, Apple, Amazon, ByteDance, Meta and Microsoft which were designated last September. The EU has since opened non-compliance investigations into aspects of Alphabet, Apple and Meta’s compliance proposals.

Booking’s intermediating platform was not included in the first wave of DMA designations as a result of the pandemic’s impact on its travel business, which meant it did not meet the quantitative thresholds at that point — but last summer it told us it had been expecting that to change by the end of the year.

The DMA requires tech giants to notify the Commission when they cross the threshold of 45M monthly active users and 10,000+ yearly active business users. Booking did so on March 1, triggering a review process by the Commission — culminating in today’s designation decision.

In a press release, the EU said the review has established that Booking’s “core platform service constitutes an important gateway between businesses and consumers”.

Reached for comment, a Booking spokesperson said: “We have been working with the European Commission for some time as we anticipated today’s decision. We are reviewing their designation decision now and will continue to work constructively with them as we develop solutions to comply.”

Also today the Commission announced that it has decided against designating the ads platforms of social networking sites TikTok and X as DMA core platform services — deciding neither is an important gateway.

However the EU has opened an investigation into whether X’s social networking platform should be designated. The Elon Musk-owned company recently notified the Commission that it passes the DMA’s usage thresholds but has argued it should not be subject to the regulation. The Commission said today that it will further consider X’s arguments against designation.

“This rebuttal argues that, despite meeting the thresholds, X does not qualify as a important gateway between businesses and consumers,” it wrote, adding: “The investigation should be completed within five months.”

We received countless submissions to speak at this year’s Disrupt 2024. After carefully sifting through all the applications, we’ve narrowed it down to 19 session finalists. Now we need your…

Vote for your Disrupt 2024 Audience Choice favs

Co-founder and CEO Bowie Cheung, who previously worked at Uber Eats, said the company now has 200 customers.

Healthy growth helps B2B food e-commerce startup Pepper nab $30 million led by ICONIQ Growth

Booking.com has been designated a gatekeeper under the bloc’s Digital Markets Act (DMA), meaning the online travel agency will face regulation under the bloc’s market fairness and contestability framework —…

‘Got that boomer!’: How cyber-criminals steal one-time passcodes for SIM swap attacks and raiding bank accounts

Website builder Squarespace is going private in an all-cash deal that values the company on an equity basis at $6.6 billion, or a $6.9 billion enterprise valuation. The acquiring company…

Permira is taking Squarespace private in $6.9 billion deal

AI-powered tools like OpenAI’s Whisper have enabled many apps to make transcription an integral part of their feature set for personal note-taking, and the space has quickly flourished as a…

Buymeacoffee’s founder has built an AI-powered voice note app

Airtel, India’s second-largest telco, is partnering with Google Cloud to develop and deliver cloud and GenAI solutions to Indian businesses.

Google partners with Airtel to offer cloud and genAI products to Indian businesses

To give AI-focused women academics and others their well-deserved — and overdue — time in the spotlight, TechCrunch has been publishing a series of interviews focused on remarkable women who’ve contributed to…

Women in AI: Rep. Dar’shun Kendrick wants to pass more AI legislation

We took the pulse of emerging fund managers about what it’s been like for them during these post-ZERP, venture-capital-winter years.

A reckoning is coming for emerging venture funds, and that, VCs say, is a good thing

It’s been a busy weekend for union organizing efforts at U.S. Apple stores, with the union at one store voting to authorize a strike, while workers at another store voted…

Workers at a Maryland Apple store authorize strike

Alora Baby is not just aiming to manufacture baby cribs in an environmentally friendly way but is attempting to overhaul the whole lifecycle of a product

Alora Baby aims to push baby gear away from the ‘landfill economy’

Bumble founder and executive chair Whitney Wolfe Herd raised eyebrows this week with her comments about how AI might change the dating experience. During an onstage interview, Bloomberg’s Emily Chang…

Go on, let bots date other bots

Welcome to Week in Review: TechCrunch’s newsletter recapping the week’s biggest news. This week Apple unveiled new iPad models at its Let Loose event, including a new 13-inch display for…

Why Apple’s ‘Crush’ ad is so misguided

The U.K. Safety Institute, the U.K.’s recently established AI safety body, has released a toolset designed to “strengthen AI safety” by making it easier for industry, research organizations and academia…

U.K. agency releases tools to test AI model safety

AI startup Runway’s second annual AI Film Festival showcased movies that incorporated AI tech in some fashion, from backgrounds to animations.

At the AI Film Festival, humanity triumphed over tech

Rachel Coldicutt is the founder of Careful Industries, which researches the social impact technology has on society.

Women in AI: Rachel Coldicutt researches how technology impacts society

SAP Chief Sustainability Officer Sophia Mendelsohn wants to incentivize companies to be green because it’s profitable, not just because it’s right.

SAP’s chief sustainability officer isn’t interested in getting your company to do the right thing

Here’s what one insider said happened in the days leading up to the layoffs.

Tesla’s profitable Supercharger network is in limbo after Musk axed the entire team

StrictlyVC events deliver exclusive insider content from the Silicon Valley & Global VC scene while creating meaningful connections over cocktails and canapés with leading investors, entrepreneurs and executives. And TechCrunch…

Meesho, a leading e-commerce startup in India, has secured $275 million in a new funding round.

Meesho, an Indian social commerce platform with 150M transacting users, raises $275M

Some Indian government websites have allowed scammers to plant advertisements capable of redirecting visitors to online betting platforms. TechCrunch discovered around four dozen “gov.in” website links associated with Indian states,…

Scammers found planting online betting ads on Indian government websites

Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company.  Earlier this week, TechCrunch reported…

Motional cut about 550 employees, around 40%, in recent restructuring, sources say

The company is describing the event as “a chance to demo some ChatGPT and GPT-4 updates.”

OpenAI’s ChatGPT announcement: What we know so far

The deck included some redacted numbers, but there was still enough data to get a good picture.

Pitch Deck Teardown: Cloudsmith’s $15M Series A deck

Unlike ChatGPT, Claude did not become a new App Store hit.

Anthropic’s Claude sees tepid reception on iOS compared with ChatGPT’s debut

Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Look,…

Startups Weekly: Trouble in EV land and Peloton is circling the drain

Scarcely five months after its founding, hard tech startup Layup Parts has landed a $9 million round of financing led by Founders Fund to transform composites manufacturing. Lux Capital and Haystack…

Founders Fund leads financing of composites startup Layup Parts

AI startup Anthropic is changing its policies to allow minors to use its generative AI systems — in certain circumstances, at least.  Announced in a post on the company’s official…

Anthropic now lets kids use its AI tech — within limits

Zeekr’s market hype is noteworthy and may indicate that investors see value in the high-quality, low-price offerings of Chinese automakers.

The buzziest EV IPO of the year is a Chinese automaker

Venture capital has been hit hard by souring macroeconomic conditions over the past few years and it’s not yet clear how the market downturn affected VC fund performance. But recent…

VC fund performance is down sharply — but it may have already hit its lowest point

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Karlissa Saffold Harvey Reacts As Jaidyn Alexis & Josselyn Morris Reunite Months After Their Breakup (VIDEO)

Karlissa Saffold Harvey has reacted after new footage surfaced...

Polymarket’s $3.2 Billion Election Bet Shows Web3 Potential

All eyes are on the U.S. presidential election today....

Promising Schizophrenia Drug, Cobenfy, Will Face Access Challenges

Cobenfy (xanomeline/trospium chloride; formerly KarXT) was approved for schizophrenia...