Re: I assume
Did you miss this bit? -- finally, the act may well set global standards for digital platforms, so its effects are likely to be felt well beyond the EU --
Secondly you seem to be assuming that this will be a "good thing". Just like to cookie acceptance pop ups (yippee for I don't care about cookies) or GDPR.
Is it going to mean lots of tech giants being created in the EU - nope, will it make live easier/better for the average punter - nope