Europe reshapes Big Tech

With today's passage of the Digital Markets Act, huge changes are coming to platforms. Are they ready?

Andreas Schwab, lead member of the European Parliament on the Digital Markets Act, delivers a speech in December. (Jean-Francois Badias / Getty Images)

At the close of US markets on Wednesday, an unexpected bit of news crossed the transom: Google would begin letting some Android apps bill their users directly instead of using the Play Store’s own billing…