EU Commission Launches Investigation into Apple, Google, and Meta, Threatening them with Massive Fines
Economy

Investigation Launched into Tech Giants Allegedly Violating EU Digital Market Regulations: Fines of Up to Ten Percent of Global Turnover Possible

The European Commission has launched an investigation into major technology companies, including Apple, Alphabet’s Google, and Meta Platforms, to determine if they have breached EU digital market regulations. This is the first investigation under the EU’s new Digital Market Act, which aims to regulate the dominance of tech firms and ensure fair competition in the digital market.

Companies found guilty of violating the regulation could face fines of up to ten percent of their global turnover, which could result in substantial penalties given their significant revenues. The investigation will focus on specific aspects of each company’s operations, such as Alphabet’s Google Play store, Apple’s App store, Google’s search engine practices, and Meta’s Instagram and Facebook subscription payment models.

Commissioner Margrethe Vestager emphasized at a press conference that these companies had 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 outcome of this investigation will provide valuable insights into the practices of these major players in the digital market and could lead to significant repercussions for their operations. It marks a crucial step in enforcing digital market regulation and promoting fair competition among tech companies in Europe.

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