• Sun. Jun 23rd, 2024

EU Investigates Big Tech Giants for Anti-Competitive Practices under Digital Market Regulation

BySamantha Johnson

Mar 25, 2024
EU Commission Launches Investigation into Apple, Google, and Meta, Threatening them with Massive Fines

The European Commission has launched an investigation into three American technology giants, Apple, Alphabet’s Google, and Meta Platforms, to determine if they have violated the EU’s digital market regulation. This is the first investigation under the EU’s new digital market act, which aims to regulate the market dominance of technology companies and ensure fair competition.

The Digital Market Act was enacted on March 7 and targets the so-called gatekeeper position of major tech companies to promote competition and consumer choice. Companies found in violation of the regulation could face fines of up to ten percent of their global turnover, potentially amounting to substantial penalties given the companies’ significant revenues.

The specific focus of the investigation will be on Alphabet’s Google Play store, Apple’s App store, Google’s search engine practices, and Meta’s Instagram and Facebook subscription payment models. The Commission will examine whether these companies adhere to the provisions outlined in the Digital Market Act, with particular attention to potential anti-competitive behavior.

Commissioner Margrethe Vestager emphasized at a press conference that the three companies under investigation have not fully met the requirements of the Digital Market Act. While Meta and Google have expressed their commitment to complying with the regulation, Apple has defended its operating methods and stated its confidence in their alignment with the legislation.

The investigation marks a crucial step in the EU’s effort to enforce digital market regulation and promote fair competition among tech companies. The outcome of the investigation will provide valuable insights into

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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